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<br />CITY OF NORTH OLMSTED <br />ORDINANCE NO. 99 - 34 <br />BY.• MAYDR MUSIAL and COUNCILMAN DEAN McKAY <br />AN ORDINANCE CREATING CHAPTER 172 OF THE <br />ADMINISTRATIVE CODE, ENTITLED "TAX INCENTIVE <br />REVIEW COUNCIL, " IN ORDER TO ESTABLISH A TAX <br />INCENTIVE REVIEW COUNCIL AS PROVIDED FOR IN <br />SECTION 5709. 85 OF THE OHIO REVISED CODE, AND <br />DECLARING AN EMERGENCY. <br />WHEREAS, Ohio R.C. Section 5709.85(A)(2) provides for the establishment of taac <br />incentive review councils in municipal corporations, which are not eligible to designate a zone <br />under section 5709.62 or 5709.632 of the Revised Code, for the purpose of monitoring tax <br />exemption agreements entered into between the municipal corporation and property owners; <br />and <br />WHEREAS, to date the North Olmsted Housing Council has performed the duties of <br />the tax incentive review council; and <br />WHEREAS, the County Auditor's office has recommended that the City formally <br />establish a tax incentive review council to in the future perform those duties set forth in Ohio <br />R.C. Section 5709.85; and <br />WHEREAS, it is the recommendation of the Law Department that County Auditor's <br />recommendation be adopted; <br />NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br />NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO: <br />SECTION ONE: That there is hereby created new Chapter 172 of the Administrative <br />Code entitled, "Tax Incentive Review Council," which, as established herein, shall read in its <br />entirety as follows: <br />CHAPTER 172. TAX INCENTIVE REVIEW COUNCII.. <br />172.01 CREATION AND MEMBERSIiIP. <br />There is hereby created the North Olmsted Tax Incentive Review Council <br />(hereinafter referred to as the "TIRC"), comprised of the following members: <br />??., ....? ???.