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Sunday, April 6, 2025 |
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Cincinnati State Building Sold! |
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Vivian Moon ![]() MUSA Council ![]() Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
![]() ![]() ![]() ![]() ![]() Posted: May 02 2014 at 8:32pm |
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Cincinnati State has sold the building that they now occupy for 5.8 million dollars as per the auditors office records.
This is the same building that City Hall sold to HEP-CS for $202,000. So what will happen to the other two buildings that were given to Cincinnati State?
AUDITOR OF |
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over the hill ![]() MUSA Citizen ![]() ![]() Joined: Oct 19 2012 Location: middletown Status: Offline Points: 952 |
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Well isn't that interesting, So what will Cinn. State do? It seems they have two options: pay rent to the new owners or pack it up and leave. And did Judy come clean about this sale? No I bet not. Nothing in the paper about this. I guess that's another deal they wanted to keep quite. Unbeleivable!!! I guess the rest of us are only on a "need to know"basis and we don't need to know.
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Vivian Moon ![]() MUSA Council ![]() Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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What about the $1 million dollar HUD Section 108 Loan to Cincinnati State?
A
RESOLUTION TO ESTABLISH THE HUD SECTION 108 LOAN FUND AND TO MAKE ADJUSTMENTS
TO APPROPRIATIONS FOR CURRENT EXPENSES AND OTHER EXPENDITURES OF THE CITY OF
MIDDLETOWN, COUNTIES OF BUTLER AND WARREN, STATE OF OHIO, FOR THE PERIOD ENDING
DECEMBER 31, 2013 AND DECLARING AN EMERGENCY. (HUD SECTION 108LOAN FUND) |
There is hereby established the HUD Section 108 Loan Fund.
The following sums are hereby appropriated from the HUD Section 108 Loan Fund of the City to accounts of the City for the purposes herein described as follows: FROM: Unappropriated HUD Section 108 Loan Fund (Fund #261) $1,000,000.00 TOTAL
HUD SECTION 108 LOAN FUND $1,000,000.00 TO: Accounts of 990 (261.990.52480) $1,000,000.00
The Director of Finance is hereby authorized to draw warrants on the City Treasurer for payments from any of the foregoing appropriations upon receiving proper certificates and vouchers therefore, approved by the Board of Officers authorized by law to approve the same, or an ordinance or resolution of the City Council to make expenditures provided that no warrants shall be drawn or paid for salaries or wages except to persons employed by authority of and in accordance with law or ordinance.
All legislation inconsistent herewith is hereby repealed.
This resolution is declared to be an emergency measure necessary for the immediate preservation of the public health, safety and general welfare, to wit: to permit the immediate appropriation of the loan funds upon receipt from HUD so they can be disbursed to Higher Education Partners as soon as possible shall take effect and be in force from and after its adoption. _____________________________ Adopted: _January 8, 2013___ Attest: ____________________ Clerk of City Council H:/law/leg/2013 Leg/r Creation and Approp HUD Section 108 Fund.doc |
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409 ![]() Prominent MUSA Citizen ![]() ![]() Joined: Mar 27 2009 Status: Offline Points: 1014 |
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Store Master Funding Vi, LLC is an Ohio Foreign Limited-Liability Company filed on April 17, 2014. The company's filing status is listed as Active and its File Number is 2288121.
The Registered Agent on file for this company is Ct Corporation System and is located at 1300 East Ninth Street Cleveland, OH 44114. |
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Every morning is the dawn of a new error...
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acclaro ![]() Prominent MUSA Citizen ![]() ![]() Joined: Jul 01 2009 Status: Offline Points: 1878 |
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How does a building worth $300,000 be acquired for $5.8 MM.
QUESTIONS 1. Did Stone pay for C State to lease back the building for 30 years forward, based upon a contract? 2. Is the University of PHOEXNIX or GODADDY also based in Scottsdale, opening an online data center? 3. Is there 1 Trillion barrels of oil under the building? |
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'An appeaser is one who feeds a crocodile, hoping it will eat him last.' - Winston Churchill
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over the hill ![]() MUSA Citizen ![]() ![]() Joined: Oct 19 2012 Location: middletown Status: Offline Points: 952 |
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I guess they didn't read the part about Cinn./Hep paying $202,000 so I guess they were so exited about getting this building they threw caution to the wind and over bid to be sure they got it. LOL
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over the hill ![]() MUSA Citizen ![]() ![]() Joined: Oct 19 2012 Location: middletown Status: Offline Points: 952 |
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And again did we even know it was on the market? Gosh I might have wanted to bid on it I think I have a half a million laying around here somewhere. I'll have check the old mattress again. LOL
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Vivian Moon ![]() MUSA Council ![]() Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Journal News
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VietVet ![]() MUSA Council ![]() ![]() Joined: May 15 2008 Status: Offline Points: 7008 |
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"MIDDLETOWN — The arrival of Cincinnati State’s branch campus in Middletown has helped to cement the redevelopment of the city’s downtown core and is helping to revive it’s economy."
![]() See Eddie. I can write crapola too and publish it. Not that hard and you don't even need a journalism degree from a university to do it. Why, it's so easy even a city manager, council person or a mayor could, eventually, with remedial training, develop the skills. "Michael Chikeleze, who has been the campus’s only director since it opened nearly two years ago, said the future is very bright in Middletown as Cincinnati State continues to build partnerships with the local business, industrial and heath care communities, the city and county and area school districts." No! The CS building (I wouldn't call it a campus), has done all that in just two years! Wow. You can tell there is a wealth of activity. It's been a proverbial beehive of activity....a real eye-opener. "He said the college is working on a strategic plan and foresees an enrollment of 2,000 to 3,000 in five years" Now wait a minute....When CS opened, the number was 5000 in five years. What happened? So, lowering the number to meet the goal is a celebration if met? How? In three years, with the enrollment at it's current pace, will we hear that the goal has been reduced yet again to 1000? If so, doesn't that kinda take the credibility out of this whole goals thing? How about not publishing a number and letting the market dictate what is attainable? Nope, MUM is still the big brother here in town, and, as I remember, got off to a much faster start in 1966-67. How about promoting the success of MUM rather than to place all the emphasis on a downtown idea that has been slow to start and may never reach full impact. Anyone know how one could take a building worth 300 thou and convert it into a sale of 5 mil as acclaro has suggested. Or, as Vivian points out, one can sell a building they don't own? Pure magic, like alot of the shady crap that goes on downtown. The people running this city ____________________(fill in the blank because my response would have been too offensive for a public forum) |
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I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
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Vivian Moon ![]() MUSA Council ![]() Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Vivian Moon ![]() MUSA Council ![]() Joined: May 16 2008 Location: Middletown, Ohi Status: Offline Points: 4187 |
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Posted: Former Cinergy building sold for $5.8 million
Deal won’t impact
operations at Cincinnati State Middletown
By Rick McCrabb Staff Writer Michael Perik, chief executive officer of
Higher Education Partners (HEP), said the building at 1 N. Main St. was
recently sold for $5.8 million, or $5.6 million more than it was purchased for
more than two years ago. But he was quick to point out that HEP has spent $5.5
million renovating and purchasing equipment for Cincinnati State Middletown. He said HEP also paid off a $1 million loan
from HUD. Now with the money from the purchaser,
Store Master Funding, which is based in Michael Chikeleze, director of Cincinnati
State Middletown, said the sale of the building will not impact the daily
operations of the college. HEP purchased the building from the city
for $202,000 in April 2012. In
October 2011, the city purchased the former CG&E, Bank One, First National,
and On A week later, Middletown City Manager Judy
Gilleland signed off on selling the former CG&E building and donating the former
senior center to Higher Education Partners.
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