202601549

ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 5/13/2026, AUTHORIZING the City Manager to execute a Purchase, Funding, and Development Agreement with Whex Garage LLC, (a wholly-owned subsidiary of 3CDC), pursuant to which the City will: (i) purchase certain property located on the southwest corner of W. 5th Street and Elm Street in Cincinnati, (ii) then lease such property to Whex Garage LLC, and (iii) provide a grant in an amount not to exceed $4,000,000 to Whex Garage LLC to renovate the existing garage, commonly known as the Whex Garage, located on such property; ESTABLISHING new capital improvement program project account no. 980x105x261021, “Convention Center District Whex Garage TIF,” to provide resources for improvements to the Whex Garage and related infrastructure improvements; AUTHORIZING the transfer and return to source of $4,000,000 from capital improvement program project account no. 980x164x241620, “Convention Center District Urban Renewal TIF,” to the unappropriated surplus of Urban Renewal - Tax Increment Bond Fund 852; AUTHORIZING the transfer and appropriation of $4,000,000 from the unappropriated surplus of Urban Renewal - Tax Increment Bond Fund 852 to the newly established capital improvement program project account no. 980x105x261021, “Convention Center District Whex Garage TIF,” to provide resources for improvements to the Whex Garage and related infrastructure improvements; and DECLARING that (i) the improvement of the Whex Garage to be an urban renewal project located in an urban renewal area, each as defined in Ohio Revised Code Chapter 725, and (ii) expenditures from the newly established capital improvement program project account no. 980x105x261021, “Convention Center District Whex Garage TIF,” to provide resources for improvements to the Whex Garage and related infrastructure improvements serve a public purpose because the project will foster additional redevelopment and reinvestment in the Convention Center District in support of the City-owned Convention Center. (Subject to the Temporary Prohibition List <https://www.cincinnati-oh.gov/law/ethics/city-business>). <https://www.cincinnati-oh.gov/law/ethics/city-business%3e).>

Ordinance Passed Emergency Introduced May 8, 2026

Where it was heard