Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Budget and Finance Committee Agenda status: Final
Meeting date/time: 3/18/2024 1:00 PM Minutes status: Draft  
Meeting location: Council Chambers, Room 300
Published agenda: Agenda Agenda Published minutes: Not available  
Agenda packet: Agenda Packet Agenda Packet
Meeting video:  
Attachments:
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202400818 11.ReportREPORT, dated 03/13/2024, submitted by Sheryl M. M. Long, City Manager regarding Finance and Budget Monitoring Report for the Period Ending December 31, 2023.   Not available Not available
202400820 12.OrdinanceORDINANCE submitted by Sheryl M. M. Long, City Manager, on 3/13/2024, ESTABLISHING new capital improvement program project account no. 980x233x242376, “Wooster Road MRF Grant,” to rehabilitate Wooster Road in the neighborhood of Linwood in the City of Cincinnati; AUTHORIZING the City Manager to accept and appropriate a grant of up to $200,000 from the Hamilton County Municipal Road Fund to newly established capital improvement program project account no. 980x233x242376, “Wooster Road MRF Grant”; AUTHORIZING the Director of Finance to deposit the grant resources into capital improvement program project account no. 980x233x242376, “Wooster Road MRF Grant”; and AUTHORIZING the City Manager to enter into any agreements necessary for the receipt and administration of these grant resources.   Not available Not available
202400819 13.OrdinanceORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/13/2024, AMENDING Ordinance No. 65-2022, as amended by Ordinance No. 226-2022, to increase the amount of a grant award from the Ohio Department of Education from $1,096,596.87 to $1,190,656.50; and AUTHORIZING the City Manager to accept and appropriate additional funds of up to $94,059.63, effective FY 2024, from the Ohio Department of Education, for a total grant of up to $1,190,656.50, to provide resources to fund the expansion of the Cincinnati Recreation Commission’s Summer Learning and Afterschool Opportunities programs.   Not available Not available
202400825 24.OrdinanceORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/13/2024, AUTHORIZING the transfer and appropriation of $840,000 from the unappropriated surplus of Evanston Equivalent Fund 490 to the Department of Community and Economic Development non-personnel operating budget account no. 490x162x7200 to provide resources to support The Bridge 8K, LLC’s acquisition and redevelopment of 1740 Brewster Avenue, 3570 Montgomery Road, and 3604-3608 Montgomery Road (collectively, the “Properties”); and DECLARING that expenditures from the Department of Community and Economic Development non-personnel operating budget account no. 490x162x7200 to develop the Properties are for a public purpose and constitute a “Housing Renovation” (as defined in Section 5709.40(A)(3) of the Ohio Revised Code) that will benefit and/or serve the District 11-Evanston District Incentive District, subject to compliance with Ohio Revised Code Sections 5709.40 through 5709.43. (Subject to the Temporary Prohibition List ).   Not available Not available
202400881 15.OrdinanceORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/18/2024, DECLARING improvements to certain real property located at 101 West Fifth Street in the Central Business District of Cincinnati to be redeveloped by 101 West Fifth LLC, an affiliate of Cincinnati Center City Development Corporation (commonly known as 3CDC), to be a public purpose and exempt from real property taxation for a period of thirty years pursuant to Ohio Revised Code Section 5709.40(B); and AMENDING Ordinance No. 412-2002, passed on December 18, 2002, as amended, to remove such real property from the operation of that ordinance. (Subject to the Temporary Prohibition List ).   Not available Not available
202400885 16.OrdinanceORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/18/2024, AUTHORIZING the City Manager to execute a Property Sale, Funding, and Development Agreement with 101 West Fifth LLC, an affiliate of Cincinnati Center City Development Corporation (commonly known as 3CDC), for the sale of City-owned real property located at 101 West Fifth Street in the Central Business District of Cincinnati, in connection with the redevelopment of that property into approximately 75,000 square feet of commercial and office space; AUTHORIZING the transfer and appropriation of $2,000,000 from the unappropriated surplus of Downtown South/Riverfront Equivalent Fund 481 to the Department of Community and Economic Development non-personnel operating budget account no. 481x164x7200 to provide resources to assist with certain public infrastructure improvements in support of the redevelopment of 101 West Fifth Street; and DECLARING that expenditures from the Department of Community and Economic Development non-personnel operating budget account no. 481x164x7200 to assist with certain public inf   Not available Not available
202400295 17.OrdinanceORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 1/24/2024, AUTHORIZING the transfer and return to source of $410,000 from capital improvement program project account no. 980x164x221616, “King Records Building Restoration,” to unappropriated surplus of General Fund 050; AUTHORIZING the transfer and appropriation of $410,000 from the unappropriated surplus of General Fund 050 to the Department of Community and Economic Development FY 2024 non-personnel operating budget account no. 050x164x7200 to provide resources for professional services and operating support to allow King Records Legacy, Inc. d/b/a King Records Legacy Foundation to undertake pre-development activities related to the eventual renovation of the former King Records building; and DECLARING that the King Records Legacy, Inc. d/b/a King Records Legacy Foundation’s pre-development activities related to the eventual renovation of the former King Records building serve a public purpose because the eventual renovation of the former King Records building will foster local improvements and investment and    Not available Not available
202400894 18.PresentationPRESENTATION, submitted by Councilmember Harris, from United Way of Greater Cincinnati regarding United Way and the City’s Partnership Update.   Not available Not available
202400882 19.PresentationPRESENTATION submitted by Sheryl M. M. Long, City Manager, dated 3/18/2024, regarding DCED’s presentation for the Saks Fifth Avenue Redevelopment project at 101 West Fifth Street.   Not available Not available
202400895 110.CommunicationCOMMUNICATION, submitted by Councilmember Harris, from United Way of Greater Cincinnati regarding the 211 Greater Cincinnati 2023 Annual Report.   Not available Not available