ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 1/18/2024, APPROVING, AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with The Beta Nu of Beta Theta Pi Building Company and the State of Ohio, for the use of the University of Cincinnati, thereby authorizing an eight-year tax exemption for 100 percent of the value of improvements made to real property located at 2630 University Court in the CUF neighborhood of Cincinnati, in connection with the remodeling of an existing building into nine residential units as well as meeting, academic, and social space consisting of approximately 12,690 square feet in aggregate, at a total remodeling cots of approximately $5,084,640.
What this record is
- Amount
- $5.08M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Public safety
public safety contracts in OH that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
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- Committee
- Cincinnati City Council
- Requested by
- Budget and Finance Committee
- Introduced
- January 12, 2024
- On agenda
- January 31, 2024
- Passed
- January 31, 2024
- Enacted
- January 31, 2024
- Enactment no.
- 0027-2024
Where it was heard
Cincinnati City Council Cincinnati City Council Cincinnati City Council Budget, Finance & Governance Committee Budget, Finance & Governance Committee Cincinnati City CouncilWatch what Cincinnati buys
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