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202500732

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/9/2025, APPROVING AND AUTHORIZING the City Manager to execute a Community Reinvestment Area Tax Exemption Agreement with 33 W. Fourth St, LLC, thereby authorizing a twelve-year tax exemption for 100 percent of the value of improvements made to real property located at 33 W. Fourth Street in the Downtown neighborhood of Cincinnati, in connection with the remodeling of an existing building into approximately 41,737 square feet of commercial space including a boutique hotel with approximately 44 guest rooms, at a total construction cost of approximately $12,400,000.

Ordinance Passed Emergency Introduced April 4, 2025

What this record is

Held by
Fourth St, LLC
Amount
$12.4M
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
April 4, 2025
On agenda
April 16, 2025
Passed
April 16, 2025
Enacted
April 16, 2025
Enactment no.
0093-2025

Where it was heard

Cincinnati City Council Apr 16, 2025 Passed Emergency Pass Cincinnati City Council Apr 16, 2025 Emergency clause to remain Pass Cincinnati City Council Apr 16, 2025 Suspension of the three readings Pass Budget, Finance & Governance Committee Apr 14, 2025 Recommend Passage Emergency Cincinnati City Council Apr 9, 2025 Referred to Budget & Finance Committee