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A RESOLUTION MAKING FINDINGS AND DETERMINATIONS AS PERMITTED IN SECTIONS 3735.65 TO 3735.70 OF THE OHIO REVISED CODE IN EFFECT PRIOR TO JULY 1, 1994, ESTABLISHING MODIFYING, AMENDING AND DESCRIBING THE BOUNDARIES OF A "COMMUNITY REINVESTMENT AREA #2," (GROTE CO.), DESIGNATING A HOUSING OFFICER TO ADMINISTER THE PROGRAM, CREATING A COMMUNITY REINVESTMENT AREA HOUSING COUNCIL; REPEALING RESOLUTION NO. 7-91; AND DECLARING AN EMERGENCY
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WHEREAS, City Council desires to pursue all reasonable and legitimate incentive measures to assist in encouraging housing maintenance and economic and community development in areas that have not enjoyed reinvestment by remodeling or new construction; and
WHEREAS, City Council has been briefed on new state law enabling legislation that allows for financial incentive to be offered within "community reinvestment areas"; and
WHEREAS, this Council has made a survey of housing as specified in Section 3735.66 of the Ohio Revised Code; and
WHEREAS, areas were found that contain housing facilities, or structures of historical significance, and wherein new housing construction and repair of existing facilities or structures are presently being discouraged; and
WHEREAS, the maintenance and construction of structures in such areas would serve to encourage economic stability, maintain real property values, an generate new employment opportunities;
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That, for the purposes of fulfilling the requirements set forth under Sections 3735.65 to 3735.70, inclusive, of the Ohio Revised Code, which were in effect prior to July 1, 1994, this Council reestablishes Community Reinvestment Area #2.
Section 2. That the boundaries of Community Reinvestment Area #2 are as described in EXHIBIT A, attached, hereto and incorporated herein by reference.
Section 3. That within Community Reinvestment Area #2 tax exem...
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