202400398
ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 1/31/2024, AUTHORIZING the City Manager to execute a Development Agreement with 3CDC Development Manager LLC and the Board of County Commissioners of Hamilton County, Ohio, acting for and on behalf of Hamilton County, Ohio, pertaining to the major renovation and expansion of the City-owned property known as Duke Energy Convention Center (the “DECC”), and other adjacent properties, all in the Central Business District; ESTABLISHING new capital improvement program project account no. 980x164x241620, “Convention Center District Urban Renewal TIF,” to provide resources for improvements to the DECC and other adjacent properties; AUTHORIZING the transfer and appropriation of $23,000,000 from the unappropriated surplus of Urban Renewal - Tax Increment Bond Fund 852 to newly established capital improvement program project account no. 980x164x241620, “Convention Center District Urban Renewal TIF,” to provide resources for the improvements to the DECC and other adjacent properties as required by the Development Agreement between the City of Cincinnati, 3CDC Development Manager LLC, and the Board of County Commissioners of Hamilton County, Ohio, acting for and on behalf of Hamilton County, Ohio; and DECLARING this capital improvement project an urban renewal project located in an urban renewal area, each as defined in Ohio Revised Code Chapter 725.
- Committee
- Cincinnati City Council
- Requested by
- Budget and Finance Committee
- Introduced
- January 30, 2024
- On agenda
- February 7, 2024
- Passed
- February 7, 2024
- Enacted
- February 7, 2024
- Enactment no.
- 0049-2024
Where it was heard
Cincinnati City Council Cincinnati City Council Cincinnati City Council Budget, Finance & Governance Committee Cincinnati City CouncilWatch Cincinnati
Say what matters to you — a street, a company, a subject — and we will email you when Cincinnati files something about it.
Free for 14 days, no card — and nothing charges itself: at day 14 the emails simply stop unless you choose to subscribe ($19 a month). One email when something matches, and nothing else. Unsubscribe from any of them. Searching stays free — it is public record.