99-080 Ordinance - Laserfiche WebLink

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(A) Every application for exemption from real property taxation shall be made to the Housing Officer. If the application involves the remodeling of a single family or two family house, then the Housing Officer shall process the application in strict accordance with the provisions of Sections 3735.65 et seq. of the Ohio Revised Code as applicable to pre-1994 CRAs. If the application involves the remodeling of residential property containing more than two units, or the construction or remodeling of commercial or industrial property, excluding properties primarily used in making retail sales, then the Housing Officer shall immediately forward such application to the Housing Council for its review, analysis and recommendation to the Mayor. (B) Applicants for tax exemption in connection with the remodeling of single family or two family houses shall be charged no application fee. All other applicants shall be charged the following fees: (1) Application fee in the amount of five hundred dollars, which the City shall pay over to the Director of the Ohio Department of Development; and (2) Annual monitoring fee equal to the greater of one percent of the total amount of taxes exempted or five hundred dollars; provided, however, that if the total amount of the taxes exempted exceeds two hundred fifty thousand dollars, the fee shall not exceed two thousand five hundred dollars. This fee shall be paid into the City's Economic Development Fund. (C) The Housing Council shall review all applications for tax exemption within the City's Community Reinvestment Area, except applications involving single family or two family houses. Following its review, the Housing Council shall make recommendations to the Mayor with respect to whether the City should grant the application for tax exemption, the percentage amount (not to exceed 100 %) and the period of time (not to exceed the maximum period of time established in Section 171.03 of this Chapter) of tax exemption which should be granted, and upon any other issues which the Housing Council believes are relevant to the application. The Housing Council is authorized to contract with and retain the services of a consultant or consultants to review and analyze such applications for ta.x exemption, and to thereafter assist the Tax Incentive Review Council in the annual monitoring of applications granted. Said consultant or consultants shall be paid a fee which shall not exceed the total amount of the fees charged by the City to the applicant pursuant to paragraph (B) above, less any charges made by the State or County, and any expenses incurred by the City. (D) Upon receipt and review of the recommendations of the Housing Council with respect to an application for tax exemption, and his approval of the same, the Mayor shall negotiate a tax exemption agreement with the applicant, and shall submit the same to City Council for its review and approval. In the process of negotiating a tax exemption agreement 2 . . . . . . .. .. ?..,.: ?. I