ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/16/2024, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with Grammers Place, LLC or another affiliate of Urban Sites acceptable to the City Manager, thereby authorizing a fifteen-year tax exemption for 100 percent of the value of improvements made to real property located at 1422-1450 Walnut Street in the Over-the-Rhine neighborhood of Cincinnati, in connection with the remodeling of the existing buildings and construction of a new structure connecting the existing buildings to create, in aggregate, approximately 4,522 square feet of commercial space and approximately 103,931 square feet of residential space, consisting of 116 residential units, at a total construction cost of approximately $26,000,000. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>). (COUNCILMEMBER NOLAN IS EXCUSED FROM THIS ITEM).
What this record is
- Held by
- Grammers Place, LLC 2 records across this site
- Amount
- $26.0M
- 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.
Grammers Place, LLC also holds
ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 12/16/2024, AUTHORIZING the City Manager to execute a Funding and Development A…- Committee
- Cincinnati City Council
- Requested by
- Budget and Finance Committee
- Introduced
- December 13, 2024
- On agenda
- December 18, 2024
- Passed
- December 18, 2024
- Enacted
- December 18, 2024
- Enactment no.
- 0427-2024
Where it was heard
Cincinnati City Council Cincinnati City Council Cincinnati City Council Budget, Finance & Governance CommitteeWatch what Cincinnati buys
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