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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: 9/28/2020 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:
File #Ver.Agenda #TypeTitleActionResultAction DetailsVideo
202001536 11.ReportREPORT, dated 9/16/2020, submitted by Paula Boggs Muething, Interim City Manager, regarding Department of Finance Reports for the Month Ended July 31, 2020.   Not available Video Video
202001445 12.ReportREPORT, dated 9/10/2020, submitted by Paula Boggs Muething, Interim City Manager, regarding FY 2020 Carryover to FY 2021.   Not available Video Video
202001583 23.OrdinanceORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, Interim City Manager, on 9/23/2020, AUTHORIZING the transfer of the sum of $2,729,245 from the unappropriated surplus of General Fund 050 to the unappropriated surplus of Working Capital Reserve Fund 754 for the purpose of increasing the City’s working capital reserve; AUTHORIZING the transfer of the sum of $2,811,948 from the unappropriated surplus of General Fund 050 to balance sheet reserve account no. 050x2585, “Economic Downturn Reserve,” for the purpose of increasing the City’s emergency reserve to 5.0% of FY 2020 General Fund revenues; AUTHORIZING the transfer of the sum of $5,676,785 from the unappropriated surplus of General Fund 050 to balance sheet reserve account no. 050x2580, “Reserve for Weather Events, Other Emergency and One-Time Needs,” for the purpose of providing resources for unanticipated emergencies including those caused by unusual weather events, in order to increase the City’s reserve for this purpose to 2.0% of FY 2020 General Fund revenues; AUTHORIZING the appropriation of the sum of $700,000 from the   Not available Video Video
202001600 24.ReportREPORT, dated 9/23/2020, submitted by Paula Boggs Muething, Interim City Manager, regarding Avondale Grocery Store. (Reference Document #202001164)   Not available Video Video
202001571 15.MotionMOTION, (AMENDED) submitted by Councilmember Mann, I move that West Eighth Street in Price Hill be returned to a safer place for neighborhood traffic, pedestrians and children by ending parking restrictions on the curbside lane during morning and evening commuting hours from Elberon to Nebraska and Glenway Avenue from Wilder Avenue to Guerley Road. (STATEMENT ATTACHED)   Not available Video Video
202001578 16.MotionMOTION, submitted by Councilmember Mann, WE MOVE that the City administration immediately work with the Homeless Coalition, Strategies to End Homelessness and other appropriate stakeholders to address the challenges of homeless citizens and folks on the verge of becoming homeless as Winter approaches in the midst of the pandemic. (STATEMENT ATTACHED).   Not available Video Video
202001435 17.MotionMOTION, (AMENDED) submitted by Councilmembers Young and Kearney, WE MOVE that the Administration amend the existing CRA agreement with 2347 Reading Road, LLC, an affiliate of Kingsley & Co., for its 2347 Reading Road hotel project to: (1) extend the project completion deadline through December 31, 2021, and (2) extend the outside tax year by which the abatement would commence through 2024. (AMENDED ON THE FLOOR OF COMMITTEE ON 10/12/2020) (STATEMENT ATTACHED)   Not available Video Video
202001675 18.CommunicationCOMMUNICATION, dated 09/24/2020, submitted by Councilmember Mann, from James J. McGraw Jr., Keating Muething & Klekamp, PLL, regarding Pending Motion by Council Members Young and Kearney to Approve an Extension of the Project Completion Date of a CRA for 2347 Reading Road LLC.   Not available Video Video
202001676 19.CommunicationCOMMUNICATION, dated 09/22/2020, submitted by James J. McGraw, Jr., Keating Muething & Klekamp, PLL, regarding Pending Motion by Council Members Young and Kearney to Approve an Extension of the Project Completion Date of a CRA for 2347 Reading Road LLC.   Not available Video Video
202001677 110.CommunicationCOMMUNICATION, dated 09/22/2020, submitted by Councilmember Mann, from Carol Gibbs, Mt. Auburn Community Development Corporation (MACDC) regarding the Monday September 14 Mt. Auburn Community Council voted to rescind our support for Mr. Chin Ndukwe’s request of an extension of his tax abatement on the hotel that he is building on Reading Rd. in Mt. Auburn.   Not available Video Video
202001327 111.MotionMOTION, submitted by Councilmember Sundermann, dated 8/31/2020, WE MOVE the City Administration prioritize the payoff of the $50 million operating debt for emergency financing which was incurred by the City of Cincinnati for unforeseen and other necessary expenses that have arisen due to the COVID-19 pandemic. Prioritization means earmarking any available closeout monies for the payment of the loan after the Funds Stabilization Policy distributions have been made to the General Fund Carryover Balance and Reserve for Weather and One Time Events per City Council Ordinance, then to the Economic Downturn Reserve Fund, Working Capital Reserves, and Additional Reserves. (STATEMENT ATTACHED)   Not available Video Video
202001599 212.OrdinanceORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, Interim City Manager, on 9/28/2020, AUTHORIZING the City Manager to execute a Funding Agreement with Fountain Place, LLC, a subsidiary of Cincinnati Center City Development Corporation (3CDC), providing for a forgivable loan of $2,929,750 to fund redevelopment of 505 Vine Street (formerly known as Fountain Place) and proximate public infrastructure, located in the Central Business District of Cincinnati; ESTABLISHING new capital improvement program project account no. 980x164x211636, “Fountain Place Redevelopment - TIF” to provide resources for the redevelopment of 505 Vine Street and proximate public infrastructure; AUTHORIZING the transfer and appropriation of the sum of $2,093,071.13 from unappropriated surplus of Downtown/OTR West Equivalent Fund 482 (Downtown/OTR West TIF District) to the newly-established capital improvement program account no. 980x164x211636, “Fountain Place Redevelopment - TIF,” to provide resources for the redevelopment of 505 Vine Street and proximate public infrastructure; AUTHORIZING the transfer an   Not available Video Video
202001689 113.OrdinanceORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, Interim City Manager, on 9/28/2020, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with 2330 VP Apartments, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 2332 Victory Parkway in the Walnut Hills neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 35,173 square feet of residential space, approximately 6,400 square feet of office space, and approximately 1,240 square feet of commercial space, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total remodeling cost of approximately $2,100,000.   Not available Video Video
202001690 114.OrdinanceORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, Interim City Manager, on 9/28/2020, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Zeta House Corporation of Delta Delta Delta, thereby authorizing a 14-year tax exemption for 100% of the value of the improvements made to real property located at 2605 University Court in the CUF neighborhood of Cincinnati, in connection with the construction of a new sorority house at the University of Cincinnati, consisting of approximately 15,478 square feet of residential space, which construction shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total construction cost of approximately $2,250,000.   Not available Video Video
202001691 115.OrdinanceORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, Interim City Manager, on 9/28/2020, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with 602 Main Street, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 216 E. Sixth Street and 600-610 Main Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 168,883 square foot hotel with 163 rooms, and approximately 9,500 square feet of commercial space, which remodeling shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total remodeling cost of approximately $53,718,163.   Not available Video Video
202001695 116.OrdinanceORDINANCE (EMERGENCY), dated 09/25/2020, submitted by Councilmember Landsman, AUTHORIZING the transfer of $150,000 from the General Fund balance sheet reserve account no. 050x2580, “Reserve for Weather Related Events, Other Emergency and One-Time Needs,” to the unappropriated surplus of General Fund 050; AUTHORIZING the transfer of $150,000 from the unappropriated surplus of General Fund 050 to the Department of Community and Economic Development’s General Fund non-personnel operating budget account no. analysis necessary to implement a tiered residential tax abatement program; and AUTHORIZING the designation of $250,000 of the $1,000,000 included in the Approved FY 2021 Budget Update for the Community Safety Response Program be designated for the Women Helping Women’s Domestic Violence Enhanced Response Team (DVERT) program.   Not available Not available
202001695 116.OrdinanceORDINANCE (EMERGENCY), dated 09/25/2020, submitted by Councilmember Landsman, AUTHORIZING the transfer of $150,000 from the General Fund balance sheet reserve account no. 050x2580, “Reserve for Weather Related Events, Other Emergency and One-Time Needs,” to the unappropriated surplus of General Fund 050; AUTHORIZING the transfer of $150,000 from the unappropriated surplus of General Fund 050 to the Department of Community and Economic Development’s General Fund non-personnel operating budget account no. analysis necessary to implement a tiered residential tax abatement program; and AUTHORIZING the designation of $250,000 of the $1,000,000 included in the Approved FY 2021 Budget Update for the Community Safety Response Program be designated for the Women Helping Women’s Domestic Violence Enhanced Response Team (DVERT) program.   Not available Video Video
202001696 117.OrdinanceORDINANCE (EMERGENCY), dated 09/25/2020, submitted by Mayor Cranley, from Andrew W. Garth, Interim City Solicitor, ESTABLISHING new capital improvement program project account no. 980x101x211033, “Findlay Park Recreation Improvements,” for the purpose of partnering with Cincinnati Center City Development Corporation (“3CDC”) to provide resources for the design and construction of new state-of-the-art recreation improvements in and around Findlay Park in the Over-The-Rhine neighborhood; AUHORIZING the transfer and appropriation of the sum of $50,000 from the unappropriated surplus of Downtown/OTR West Equivalent Fund 482 (“Downtown/OTR West TIF District”) to newly created capital improvement program project account no. 980x101x211033, “Findlay Park Recreation Improvements,” for the purpose of providing resources for the design and construction of such recreation improvements; AUTHORIZING the City Manager to accept in-kind donations from 3CDC by providing deign, community engagement, and development services to complete the “Findlay Park Recreation Improvements” valued at $50,000; and    Not available Video Video
202001697 218.OrdinanceORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, Interim City Manager, on 9/28/2020, ESTABLISHING the Over-the-Rhine South Special Improvement District Assessment Equalization Board, appointing three members thereto, and setting the time and place for hearings in accordance with the applicable provisions of the Ohio Revised Code.   Not available Video Video