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202402277

ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 10/30/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement 607 Main Holdings, LLC, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 607 Main Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into approximately 3,060 square feet of commercial space on the first floor and approximately 10,750 square feet of residential space on the upper floors, consisting of thirteen residential units, at a total construction cost of approximately $3,098,578.

Ordinance Passed Introduced October 25, 2024

What this record is

Held by
Reinvestment Area Tax Exemption Agreement 607 Main Holdings, LLC
Amount
$3.10M
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
October 25, 2024
On agenda
November 6, 2024
Passed
November 6, 2024
Enacted
November 6, 2024
Enactment no.
0363-2024

Where it was heard

Cincinnati City Council Nov 6, 2024 Passed Pass Cincinnati City Council Nov 6, 2024 Suspension of the three readings Pass Budget, Finance & Governance Committee Nov 4, 2024 Recommend Passage Cincinnati City Council Oct 30, 2024 Referred to Budget & Finance Committee