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Budget, Finance & Governance Committee

June 18, 2025 ·10:00 AM Final-revised ·SPECIAL MEETING

Council Chambers, Room 300

Agenda PDF Minutes PDF Official record ↗

Agenda — 15 items

  1. 1 PRESENTATION
  2. 1 ROLL CALL
  3. 2 CONVENTION CENTER HOTEL UPDATE, 3CDC
  4. 3 Steve Leeper and Katie Westbrook, 3CDC
  5. 4 Reid Scott, Portman Holdings
  6. 5 AGENDA
  7. 6 FY 2026 BUDGET – BOND ORDINANCES
  8. 1. ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 6/11/2025, PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF NOT TO EXCEED $40,000,000 OF ECONOMIC DEVELOPMENT REVENUE BONDS (CONVENTION CENTER HOTEL PROJECT), OR NOTES IN ANTICIPATION THEREOF, OF THE CITY OF CINCINNATI, COUNTY OF HAMILTON, STATE OF OHIO, FOR THE PURPOSE OF FINANCING CERTAIN IMPROVEMENTS; AUTHORIZING A PLEDGE AND LIEN ON CERTAIN REVENUES AND OTHER CITY RESOURCES TO SECURE SUCH BONDS OR NOTES; AUTHORIZING NECESSARY DOCUMENTS TO SECURE SUCH BONDS OR NOTES; AND DECLARING AN EMERGENCY. 202501227 Recommend Passage Emergency
  9. 8 FY 2026 BUDGET
  10. 2. ORDINANCE, submitted by Councilmember Walsh, from Emily Smart Woerner, City Solicitor, ESTABLISHING permanent improvement program project account no. 758x255x262504, “Community Facility Improvements - Art Museum,” to provide resources for upgrades and enhancements at the Cincinnati Art Museum; ESTABLISHING capital improvement program project account no. 712x199x261943, “Rec Facilities Improvements - COT CBR,” to provide resources for improvements to existing infrastructure at recreation facilities as submitted by community councils through the Community Budget Request process; AUTHORIZING the transfer of and return to source of $530,000 from various General Capital Budget capital improvement program project accounts to close out or decrease certain existing capital improvement program project accounts, according to Schedule A of the attached Schedule of Transfer; AUTHORIZING the transfer and appropriation of $530,000 from the unappropriated surplus of various General Capital Funds to new capital of permanent improvement program project accounts to provide resources for certain capital or permanent improvement program project accounts, according to Schedule B of the attached Schedule of Transfer; and DECLARING certain projects to be for a public purpose. 202501274 Recommend Passage
  11. 3. ORDINANCE, submitted by Councilmembers Parks, Albi, Cramerding, Jeffreys, Nolan and Walsh, from Emily Smart Woerner, City Solicitor, AUTHORIZING the transfer and return to source of $50,000 from permanent improvement program project account no. 758x101x251057, “Sundance Film Festival - GFCO,” to the unappropriated surplus of General Fund 050; and AUTHORIZING the transfer and appropriation of $50,000 from the unappropriated surplus of General Fund 050 to City Manager’s Office General Fund non-personnel operating budget account no. 050x101x7400 as one-time leveraged support for the African American Chamber of Commerce, to implement Council’s changes to the FY 2026 General Fund Operating Budget. (VICE MAYOR KEARNEY IS EXCUSED FROM THIS ITEM) 202501275 Recommend Passage
  12. 4. ORDINANCE, submitted by Councilmembers Parks, Albi, Cramerding, Jeffreys, Nolan, Owens and Walsh, from Emily Smart Woerner, City Solicitor, ESTABLISHING permanent improvement program project account no. 758x164x261618, “Neighborhood Catalytic Improvements,” to support transformative neighborhood economic development projects; AUTHORIZING the transfer and return to source of $5,421,121 from various General Capital Budget capital or permanent improvement program project accounts to close out or decrease the funding allocated to those accounts in accordance with Schedule A of the attached Schedule of Transfer; AUTHORIZING the transfer and appropriation of $3,000,000 from the unappropriated surplus of Income Tax Permanent Improvement Fund 758 to new or existing capital or permanent improvement program project accounts to implement Council’s changes to the FY 2026 Capital Budget in accordance with Schedule B of the attached Schedule of Transfer; AUTHORIZING the transfer and return to source of $88,000 from the City Manager’s Office General Fund non-personnel operating budget account no. 050x101x7400 to the unappropriated surplus of the General Fund to eliminate the FY 2026 leveraged support funding for Main Street Ventures; AUTHORIZING the transfer and appropriation of $2,509,121 from the unappropriated surplus of General Fund 050 to various operating budget accounts within the General Fund to implement Council’s changes to the FY 2026 General Fund Operating Budget in accordance with Schedule C of the attached Schedule of Transfer; AUTHORIZING the transfer and appropriation of $500,000 from the unappropriated surplus of Corryville Equivalent Fund 488 to the Department of Community and Economic Development non-personnel operating budget account no. 488x164x7200 to provide resources for the activities of the Clifton Cultural Arts Center at 3412 Clifton Avenue that are deemed eligible as a “Public Infrastructure Improvement” (as defined in Ohio Revised Code (“R.C.”) Section 5709.40(A)(8)) that will benefit and/or serve the District 9-Corryville District Incentive District, subject to compliance with R.C. Sections 5709.40 through 5709.43, to implement Council’s changes to the FY 2026 Budget; AUTHORIZING the transfer and appropriation of $2,000,000 from the unappropriated surplus of West End Equivalent Fund 522 to the Department of Community and Economic Development non-personnel operating budget account no. 522x164x7200 to provide resources for roof repairs and other public infrastructure improvements at the Robert O’Neal Multicultural Arts Center (“ROMAC”) at 1201 Linn Street that are deemed eligible as a “Public Infrastructure Improvement” (as defined in R.C. Section 5709.40(A)(8)) that will benefit and/or serve the District 22-West End District Incentive District, subject to compliance with R.C. Sections 5709.40 through 5709.43, to implement Council’s changes to the FY 2026 Budget; and DECLARING expenditures from such non-personnel operating budget account related to the roof repairs in support of the ROMAC at 1201 Linn Street to be a public purpose and constitute a “Public Infrastructure Improvement” (as defined in R.C. Section 5709.40(A)(8)) that will benefit and/or serve the District 22-West End District Incentive District, subject to compliance with R.C. Sections 5709.40 through 5709.43. 202501276 Recommend Passage
  13. 12 PRESENTATION
  14. 5. PRESENTATION, submitted by Sheryl M. M. Long, City Manager, dated 6/18/2025, regarding the Convention Center Hotel. 202501260 Filed
  15. 15 ADJOURNMENT