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202401489

ORDINANCE (EMERGENCY), submitted by Sheryl M. M. Long, City Manager, on 5/28/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Indybear, LLC, thereby authorizing a 15-year tax exemption for 100% of the value of improvements made to real property located at 604-608 Crown Street in the Walnut Hills neighborhood of Cincinnati, in connection with the remodeling of an existing building to include approximately 3,304 square feet of residential space, consisting of five residential units, which remodeling shall be completed in compliance with Leadership Energy and Environmental Design Silver standards, at a total construction cost of approximately $926,954.

Ordinance Passed Emergency Introduced May 24, 2024

What this record is

Held by
Indybear, LLC
Amount
$927K
Runs until
no end date published in this record
Type
contract
Field
Construction

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.
0194-2024

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