ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 10/23/2024 APPROVING, AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Hooper Cincy, LLC, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 139 and 151 W. Fourth Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 61,114 square feet of residential space, consisting of 102 residential units and approximately 4,636 square feet of commercial space, which remodeling 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 remodeling cost of approximately $16,877,500. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).

Ordinance Passed Emergency Introduced October 18, 2024

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