ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/4/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement (LEED or Living Building Challenge) with Seventh Street Living, LLC, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 36 E. Seventh Street in the Central Business District of Cincinnati, in connection with the remodeling of an existing building into mixed-use space containing approximately 2,700 square feet of commercial retail space, approximately 4,000 square feet of commercial office space, and approximately 205,214 square feet of residential space consisting of approximately 162 residential rental units, 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 $50,653,948. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>)
What this record is
- Held by
- Seventh Street Living, LLC
- Amount
- $50.7M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Utilities & energy
utilities & energy 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
- November 27, 2024
- On agenda
- December 11, 2024
- Passed
- December 11, 2024
- Enacted
- December 11, 2024
- Enactment no.
- 0413-2024
Where it was heard
Cincinnati City Council Cincinnati City Council Cincinnati City Council Budget, Finance & Governance Committee Cincinnati City CouncilWatch what Cincinnati buys
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