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A STATUTORY RESOLUTION MAKING FINDINGS AND DETERMINATIONS AS PERMITTED IN SECTIONS 3735.65 TO 3735.70 OF THE OHIO REVISED CODE TO MODIFY THE BOUNDARIES OF COMMUNITY INVESTMENT AREA #3 AND TO MODIFY THE TAX EXEMPTIONS AVAILABLE WITHIN COMMUNITY REINVESTMENT AREA #3.
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WHEREAS, pursuant to Ohio Revised Code Sections 3735.65 et seq., this Council, on May 19, 1992, adopted its Substitute Resolution No. 29-92 that established the Community Reinvestment Area #3; and
WHEREAS, pursuant to Ohio Revised Code Sections 3735.65 et seq., this Council, on March 7, 1995, adopted its Resolution No. 17-95, which modified the boundaries of the Community Reinvestment Area #3; and
WHEREAS, pursuant to Ohio Revised Code Sections 3735.65 et seq., this Council, on December 31, 1998, adopted its Resolution No. 129-98, which modified the boundaries of the Community Reinvestment Area #3; and
WHEREAS, pursuant to Ohio Revised Code Sections 3735.65 et seq., this Council, on December 19, 2005, adopted its Statutory Resolution No. 3-2005 (collectively with Resolutions No. 29-92, No. 17-95, and No. 129-98, the "CRA Resolution"), which modified the boundaries of the Community Reinvestment Area #3; and
WHEREAS, this Council desires to further modify the boundaries of Community Reinvestment Area #3 and to modify the tax exemptions available within that area to encourage investment and construction within that area;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. For the purposes of fulfilling the requirements set forth under Ohio Revised Code Sections 3735.65 to 3735.70, this Council adopts the findings of the Housing Survey for Community Reinvestment Area #3 currently on file with the Department of Planning & Development and reestablishes Community Reinvestment Area #3. The findings of the Housing Survey are hereby incorporated into this Statutory Resolution as EXHIBIT B.
Section 2. The bound...
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