ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/24/2025, AUTHORIZING the City Manager to execute a Funding Agreement with OTR Holdings, Inc., an affiliate of 3CDC, providing for a grant from the City to fund the acquisition of real property located at 1506 and 1518 Vine Street in the Over-the-Rhine neighborhood of Cincinnati; AUTHORIZING the transfer and appropriation of the sum of $1,500,000 from the unappropriated surplus of the Downtown/OTR West Equivalent Fund 482 (Downtown/OTR West TIF District) to the Department of Community and Economic Development non-personnel operating budget account no. 482x164x7200 to provide resources for the acquisition of real property located at 1506 and 1518 Vine Street in the Over-the-Rhine neighborhood of Cincinnati; and further DECLARING expenditures from such project account related to the acquisition of real property located at 1506 and 1518 Vine Street in the Over-the-Rhine neighborhood of Cincinnati, to be a public purpose and constitute a “Public Infrastructure Improvement” (as defined by Ohio Revised Code Section 5709.40(A)(8)) the will benefit and/or serve the District 3-Downtown/OTR West District Incentive District, subject to compliance with the Ohio Revised Code Sections 5709.40 through 5709.43.
What this record is
- Held by
- OTR Holdings, Inc
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Public safety
public safety 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
- March 24, 2025
- On agenda
- April 2, 2025
- Passed
- April 2, 2025
- Enacted
- April 2, 2025
- Enactment no.
- 0068-2025
Where it was heard
Cincinnati City Council Cincinnati City Council Cincinnati City Council Cincinnati City Council Budget, Finance & Governance CommitteeWatch what Cincinnati buys
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