ORDINANCE (EMERGENCY), submitted by Sheryl M. M. Long, City Manager, on 5/30/2024,. AUTHORIZING the City Manager to execute an Operations Agreement with Build Cincinnati Development Fund LLC and Cincinnati Housing Development Fund LLC; ESTABLISHING a new Cincinnati Access to Capital Fund for the purpose of receiving and disbursing resources to provide a loan loss reserve for the Cincinnati Access to Capital program; AUTHORIZING the Director of Finance to redirect and appropriate $3,000,000 from the Build Cincinnati Development Fund to the newly established Cincinnati Access to Capital Fund; and further DECLARING expenditures from the Build Cincinnati Development Fund and the Cincinnati Access to Capital Fund to be for a public purpose.

What this record is

Held by

Build Cincinnati Development Fund LLC and Cincinnati Housing

Runs until

no end date published in this record

Type

contract

Field

Public safety

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Cincinnati City Council

Requested by

Budget and Finance Committee

Introduced

May 24, 2024

On agenda

June 5, 2024

Passed

June 5, 2024

Enacted

June 5, 2024

Enactment no.

0192-2024

Where it was heard

Cincinnati City Council Jun 5, 2024 Passed Emergency Pass Cincinnati City Council Jun 5, 2024 Emergency clause to remain Pass Cincinnati City Council Jun 5, 2024 Suspension of the three readings Pass Budget, Finance & Governance Committee Jun 3, 2024 Recommend Passage Emergency Cincinnati City Council May 30, 2024 Referred to Budget & Finance Committee