99-051 Ordinance - Laserfiche WebLink

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requirement involving the Board of Education, the County Auditor and the Ohio Department of Development. (E) After a tax exemption agreement is finally approved, the City's Tax Incentive Review Council shall thereafter monitor the property owner's compliance with all of the provisions of the agreement, and make recommendations to the City Council, as provided for by state law." be amended, and, as amended, shall read as follows: "171.06 APPLICATIONS FOR EXEMPTION; PROCEDURE. (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 talc 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 3