ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 3/31/2025, AUTHORIZING the City Manager to execute a HOME Investment Partnerships Program Funding Agreement with Oskamp Flats Limited Partnership to facilitate the renovation of existing buildings on the real property located at 223 W. 4th Street and 26 W. 7th Street in the Downtown neighborhood of Cincinnati into a new residential development; AUTHORIZING the transfer and appropriation of $1,810,000 from the unappropriated surplus of Downtown South/Riverfront Equivalent Fund 481 to the Department of Community and Economic Development non-personnel operating budget account no. 481x164x7200 to provide resources for the renovation and construction activities of the residential component of the project at 223 W. 4th Street in the Downtown neighborhood of Cincinnati; AUTHORIZING the transfer and appropriation of $30,000 from the unappropriated surplus of Downtown South/Riverfront Equivalent Fund 481 to the Department of Community and Economic Development personnel operating budget account no. 481x164x7100 to provide staffing resources in support of the renovation and construction activities of the residential component of the project at 223 W. 4th Street in the Downtown neighborhood of Cincinnati; and further DECLARING expenditures from Department of Community and Economic Development non-personnel operating budget account no. 481x164x7200 and Department of Community and Economic Development personnel operating budget account no. 481x164x7100 related to the renovation and construction activities associated with the new residential development at 223 W. 4th Street in the Downtown neighborhood to be a public purpose and constitute a “Housing Renovation” (as defined in Ohio Revised Code Section 5709.40(A)(3)) that is located within the District 2 - Downtown South/Riverfront District Incentive District, subject to compliance with Ohio Revised Code Sections 5709.40 through 5709.43. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>).

Ordinance Passed Emergency Introduced March 28, 2025

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