Title
APPROVING THE SUBMISSION OF A TAX INCENTIVE REVIEW COUNCIL REPORT TO THE DIRECTOR OF DEVELOPMENT OF THE STATE OF OHIO; TO WAIVE SECOND READING; AND TO DECLARE AN EMERGENCY
Version
tmw
Body
WHEREAS, a Tax Incentive Review Council (the TIRC) was established pursuant to Section 5709.85 of the Ohio Revised Code to review annually the compliance of all agreements involving the granting of exemptions for commercial or industrial real property improvements under the Community Reinvestment Area (CRA) Program and make recommendations to the City Council as to continuing, modifying, or terminating each CRA agreement in effect based upon the performance of the agreement; and
WHEREAS, the TIRC on March 12, 2002 has received and investigated said CRA Report and has found and determined that said report has satisfied all of the requirements of the CRA agreement; and
WHEREAS, the TIRC has returned a favorable recommendation for continuation of all CRA agreements; and
WHEREAS, said report is due to the Director of Development of the State of Ohio by March 31, 2002 and thereby necessitates the waiving of second reading of this legislation, all for the preservation of the public peach, health, safety, and welfare;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA:
Section 1. That City Council hereby finds and determines that the establishment of CRA's has improved the economic climate of the City and influenced development and redevelopment of an area that has not enjoyed sufficient investment from new construction or remodeling of existing facilities.
Section 2. That City Council accepts this annual review of the TIRC and agrees to continue said tax exemption agreements.
Section 3. That said report is attached to this ordinance as EXHIBIT A.
Section 4. That the Director of Development be and she hereby is directed to provide a certified copy of this Ordinance to the Director of Development of the State of Ohio as pr...
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