ORDINANCE (B VERSION) (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/24/2024, AUTHORIZING the City Manager to execute a Development Agreement with 616 Race LLC, pertaining to the development and construction of approximately 84,281 square feet of commercial space, consisting of approximately 109 hotel rooms, on property located at 614-616 Race Street in the Central Business District of Cincinnati, and providing for City assistance to the project in the form of a rebate of a portion of the service payments in lieu of taxes imposed in connection with a proposed thirty-year property tax exemption for improvements pursuant to Ohio Revised Code Section 5709.41, subject to the passage by Council of a separate ordinance authorizing such tax exemption. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).
What this record is
- Held by
- 616 Race LLC 2 records across this site
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Construction
construction 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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616 Race LLC also holds
ORDINANCE (EMERGENCY), submitted by Sheryl M. M. Long, City Manager, on 4/22/2024, AUTHORIZING the City Manager to execute a Development Agreement wit…- Committee
- Cincinnati City Council
- Requested by
- City Manager
- Introduced
- April 23, 2024
- On agenda
- April 24, 2024
- Passed
- April 24, 2024
- Enacted
- April 24, 2024
- Enactment no.
- 0130-2024
Where it was heard
Cincinnati City Council Cincinnati City Council Cincinnati City CouncilWatch what Cincinnati buys
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