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201800660
| 1 | | Ordinance | ORDINANCE, (EMERGENCY) submitted by Councilmembers David Mann and P.G. Sittenfeld from Paula Boggs Muething, City Solicitor on 4/11/2018, AUTHORIZING the City Manager to execute a Memorandum of Understanding between the City of Cincinnati and Fussball Club Cincinnati LLC, commonly known as FC Cincinnati, which describes the financing and construction of certain public infrastructure improvements in connection with FC Cincinnati's construction of an approximately 21,000-seat Major League Soccer stadium; AMENDING Ordinance No. 310-2017 to repeal Sections 1, 2, 5, 6, 7, and 8; and AUTHORIZING the transfer and appropriation of $1,000,000 from capital improvement program project account 980x164x181606, "Soccer Stadium Public Infrastructure Improvements", to Special Reserve Account No. 3476, "Blue Ash 2 Reserve," within Miscellaneous Permanent Improvement fund 757; and AUTHORIZING the City Manager upon Council approval of a final development agreement, to take steps necessary to provide up to $8,000,000 from TIF revenue from the District 4-Downtown/OTR East District, to be used as a source | Adopted | |
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