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.

What this record is

Held by

Indybear, LLC

Amount

$927K

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.

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

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