8645-13 To Est. & Describe the Boundaries of a Community Re-Investment Area

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SECTION 4. The percentage of the tax exemption on the increase in the assessed valuation resulting from improvements to Qualified Residential Facilities shall be between fifty percent (50 %) and one hundred percent (100 %) after completion and application. SECTION 5. Applications for abatement must be filed by the individual property owner where the improvement is made to a dwelling containing less than two family units or an individual condominium. Only one application per project for abatement shall be submitted for common areas of condominium buildings by the president of the association on behalf of the association, if the property is titled to the association, or on behalf of the individual owners, if the property is titled to the individual owners. SECTION 6. Any exemption approved by the City shall exempt only that value that was added to parcel(s) as a result of the project above the baseline tax value for the parcel(s). All owners of properties subject to exemption shall be required to make ordinary real property tax payments or, alternatively, payments in lieu of tax payments in an amount equal to the tax assessment for the baseline tax value of the project to the County Fiscal Officer in accordance with the normal process procedures and deadlines established for real property tax collection. SECTION 7. All projects in Community Reinvestment Area 44 seeking tax abatement pursuant to this resolution are required to comply with the State of Ohio application fee requirements of Section 3735.672(C) of the Revised Code. SECTION 8. To administer and implement the provision of this resolution, the City's Assistant Housing Commissioner is designated as the Housing Officer as described in Sections 3735.65 through 3735.70 of the Revised Code. SECTION 9. The Housing Officer shall verify that all work has been completed under proper building permits and completed in compliance with all building codes, zoning codes and any other applicable laws. If the Housing Officer cannot verify that all work has been completed in a manner that complies with all building codes, zoning codes and any other applicable laws, then the Housing Officer shall not authorize an exemption under the authority granted by resolution. SECTION 10. The Community Reinvestment Area Housing Council shall make an annu- al inspection of the properties within the Area for which an exemption has been granted under Section 3735.67 of the Revised Code. The Housing Council shall also hear appeals under Section 3735.70 of the Revised Code and meet no less than once annually to fulfill the duties imposed by Revised Code Section 3735.69. SECTION 11. A copy of this resolution shall be forwarded to the Cuyahoga County Fiscal Officer; and a copy of this resolution shall be published in a newspaper of general circulation in the City once a week for two consecutive weeks immediately following its passage. SECTION 12. The Director of Planning and Development of the City is hereby directed and authorized to petition the Director of Development Services Agency of the State of Ohio to