ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/16/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement 2901 Glendora LLC, an affiliate of Uptown Rental Properties, LLC, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 2901 Glendora Avenue in the Corryville neighborhood of Cincinnati, in connection with the construction of approximately 14,386 square feet of residential space consisting of eleven residential units, which construction shall be completed in compliance with Leadership in Energy and Environmental Design Silver, Gold or Platinum standards or Living Building Challenge standards, at a total construction cost of approximately $3,148,356. (COUNCILMEMBER NOLAN IS EXCUSED FROM THIS ITEM)

What this record is

Held by

Community Reinvestment Area Tax Exemption Agreement 2901 Glendora LLC

Amount

$3.15M

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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Committee

Cincinnati City Council

Requested by

Budget and Finance Committee

Introduced

October 14, 2024

On agenda

October 23, 2024

Passed

October 23, 2024

Enacted

October 23, 2024

Enactment no.

0333-2024

Where it was heard

Cincinnati City Council Oct 23, 2024 Passed Emergency Pass Cincinnati City Council Oct 23, 2024 Emergency clause to remain Pass Cincinnati City Council Oct 23, 2024 Suspension of the three readings Pass Budget, Finance & Governance Committee Oct 21, 2024 Recommend Passage Emergency Cincinnati City Council Oct 16, 2024 Referred to Budget & Finance Committee

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