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.

What this record is

Held by

Core Specialty Insurance Services, Inc

Runs until

no end date published in this record

Type

amendment

Field

Public safety

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