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202500755

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 4/16/2025, APPROVING AND AUTHORIZING the execution of a Second Amendment to Job Creation Tax Credit Agreement with Core Specialty Insurance Services, Inc., pursuant to which the company agrees to an increased investment in the City of Cincinnati, including creation of fifty additional new jobs and an additional $1.5 million investment in the property located at 201 E. Fifth Street in the Central Business District of Cincinnati, and the City agrees to extend the tax credit term from four years to seven years and increase the job creation tax credit from 35 percent to 45 percent.

Ordinance Passed Emergency Introduced April 11, 2025

What this record is

Held by
Core Specialty Insurance Services, Inc
Runs until
Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
Type
amendment
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
April 11, 2025
On agenda
April 23, 2025
Passed
April 23, 2025
Enacted
April 23, 2025
Enactment no.
0098-2025

Where it was heard

Cincinnati City Council Apr 23, 2025 Passed Emergency Pass Cincinnati City Council Apr 23, 2025 Emergency clause to remain Pass Cincinnati City Council Apr 23, 2025 Suspension of the three readings Pass Budget, Finance & Governance Committee Apr 21, 2025 Recommend Passage Emergency Cincinnati City Council Apr 16, 2025 Referred to Budget & Finance Committee

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