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passed. Resolution 2022-04 was referred to the Housing, Planning, & Development Committee. <br /> 17. Communication from Director Leininger regarding the establishment of Tax Increment <br /> Financing Incentives at former Phantasy Night Club and Mack Products Sites. (pg. 27) <br /> Motion by President O'Malley, seconded by Vice President Litten to receive and file the <br /> communication. All members voted in favor. Motion passed. The communication was received <br /> and filed. <br /> 18. ORDINANCE 07-2022 - AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council declaring <br /> improvement to real property within the city of Lakewood, Ohio to be a public purpose; <br /> exempting such improvement from real property taxation; requiring the owners of the <br /> property to make service payments in lieu of real property taxes; establishing an urban <br /> redevelopment tax increment equivalent fund for the deposit of service payments, <br /> making related authorizations pursuant to Ohio Revised Code Sections 5709.41, <br /> 5709.42, 5709.43 and 5709.83; and authorizing a service payment agreement in <br /> connection with the same. (pg. 28) <br /> Motion by President O'Malley, seconded by Vice President Litten to refer Ordinance 07-2022 <br /> to the Finance Committee. All members voted in favor. Motion passed. Ordinance 07-2022 was <br /> referred to the Finance Committee. <br /> 19. Communication from Director Rancatore regarding 2022 1" Quarter Transfers. (pg. 53) <br /> Motion by President O'Malley, seconded by Vice President Litten to receive and file the <br /> communication. All members voted in favor. Motion passed. The communication was received <br /> and filed. <br /> 20. ORDINANCE 08-2022 - AN ORDINANCE to take effect immediately provided it <br /> receives the affirmative vote of at least two thirds of the members of Council, or <br /> otherwise to take effect and be in force at the earliest period allowed by law, authorizing <br /> the transfer and advance of certain funds. (pg. 54) <br /> Motion by President O'Malley, seconded by Vice President Litten to refer Ordinance 08-2022 <br /> to the Finance Committee. All members voted in favor. Motion passed. Ordinance 08-2022 was <br /> referred to the Finance Committee. <br /> 6 <br />