ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 5/1/2024, AUTHORIZING the City Manager to execute a Funding and Development Agreement with RBM Development Company, LLC, for the redevelopment of property located near the intersection of Red Bank Expressway and Madison Road in the Madisonville neighborhood of Cincinnati, pursuant to which the City will assign service payments in lieu of real property taxes imposed in connection with a proposed thirty-year property tax exemption for improvements pursuant to Ohio Revised Code Section 5709.40(B), subject to the passage by Council of a separate ordinance authorizing such exemption, to the Port of Greater Cincinnati Development Authority to facilitate the redevelopment of the property. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).
What this record is
- Held by
- RBM Development Company, LLC
- 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
- Clerk of Council
- Requested by
- Budget and Finance Committee
- Introduced
- April 26, 2024
- On agenda
- May 8, 2024
- Passed
- May 8, 2024
- Enacted
- May 8, 2024
- Enactment no.
- 0148-2024
Where it was heard
Cincinnati City Council Cincinnati City Council Cincinnati City Council Budget, Finance & Governance Committee Cincinnati City CouncilWatch what Cincinnati buys
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