91-175 Ordinance - Laserfiche WebLink

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~ . -i 1 ORDINANCE NO _ _91-175 BY: MAYOR BOYLE AN O}~D'LNANCF ESTABLISH LNG A CGMMiJNrTY FzF.TNV`~:STMFNT RREA UNDER THE PROVISIONS QF SECTIONS ~ r 35.65 THROUGii 3735.7Q, TNCI'd1STVF, OF THF. OHIO RfiV7fi~"17 ~_iartR, GESIGNATIN{= k HpU£INC OFFICER, EsTABI,ISHINC A COMMUNITY REINVESTMENT Hc~T[SINt; tit=tilNt_ IL, ANLt DECLARINt; AN EMERt=EN~:Y, AS AMENDED YTIII;F~AS, the Council has surveyed the housing within the j ~srisdiction of~ tha city ar north oltn~taa (the +' city+) as contemplated by Section 3135.66 of the Ohio Revised Code ("ORC"); and WHEREAD, arose wc~-c fau~id that cQiztain housing facilities ar ctr~.tc't.~.~r'~s t~f It i.~i.c~ri~_R1 ~:.i~,~n i f ic_.~nc_~, ~ftc3 .i.n s~.tc-h ara3s nc~w hcusina canstruatian and repair of existing facilities ar structures are dice-oura~ed; a.nd w:iER,.ERs, the maintenance and construction of structures in such areas would serve to encourage economic stability, naintain real propa.rty values and g~n+~rat~ new employment apportuniticas and the Council desires to establish a community reinvestment area and to ta:}.e ~,ctS.o~s pursuant to vRG s~ctians s ~:s5.55 through ~'~:~~. ~iv, inclusive (the "Act"), to promote such goals. Tdnw TN'F.;~t~:FORF, RF TT O'F717ATiSF.T! fi1r' THE t`CItJNCTT~ off' 'T'tiE CITY OF lYC~R.TH 4LMDTED, CpUZ1TY CAF CUYAHOCA, STATE OF OHIQ: erection 1. Far the purposes of ft~lfi.ll~.ns3 the requirements of the Act, the council hereby establishes the "North r~lmstad Cartmunity Reinvestment Area," as a community reinvestment area within the moaning of uxc s~ctian 3735.55 0}_ ~oction ~ . 'I'ris ~aorth c~im~ted community xeinvest:crent urea shad 1 cc,iisist of all parcels of land within the corpurat~ i i.~~~.i i~_~; at tno city. Upon trie inciueian of any new territory within the c_~~rF~c~r~k.~ lit,~it.~; i~f ~:t~ia, ri~.y, t.Il~ Ce'~11.[lc;:ll tttc~y irir_lude sut:h new territory into the North Oimoted Community Reinvestment Area ~,f Council shall have made the findings and deter~tinations required by OfiC ;ect~.on 3735. G5 with respect to such new territory. Section 3. Witi*iin the North Olmsted Community Reinvestment aria, tai ox~mptfans fcJr iznproveinerlts to zeal property within the meat-ing of aRe Sect~.an 3735.6 % (D) may, su}aj ect tc~ GGlll~l l~ttl4~ witli Section G herea~, be granted pursuant to tYie fallowing ~chcdulcr