97-047 Ordinance - Laserfiche WebLink

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CITY OF NORTH OLMSTED ORDINANCE N0.97-47 BY: Mayor Boyle AN ORDINANCE ESTABLISHING A FEE SCHEDULE FOR APPLICATIONS FOR TAX ABATEMENTS IN THE NORTH OLMSTED ENTERPRISE ZONE AND COMMUNTI'Y REINYES?~IIEIVT AREA, AND DECLARING AN EMERGENCY, AS AMENDED. WHEREAS, this Council has heretofore passed Ordinance No. 92-22, establishing an Enterprise Zone within the municipality, and providing for tax abatement within that zone; and WHEREAS, this Council has heretofore passed Ordinances No. 91-175 and 94-79, creating a Community Reinvestment Area within the municipality, and providing for tax abatement within that area; and WHEREAS, since the implementation of that ordinance, numerous applications for such tax abatements have been filed; and WHEREAS, the processing of such applications causes the City to expend time, effort, energy, and cost in considering and deciding the applications; and WHEREAS, the City has in fact expended funds and hired additional employees in processing the applications; and WHEREAS, the Council has determined that the interests of the City require that the costs of this application process be charged back to applicants. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF NORTH OLMSTED, COUNTY OF CUYAHOGA AND STATE OF OHIO: SECTION 1: That the following be established as a fee schedule for applications for tax abatements: $2500 in the Enterprise Zone and $3000 in the Community Reinvestment Area. SECTION Z: That if such an abatement is granted, the successful applicant is required to pay $1000 per year of abatement to pay costs of analyzing and reporting on such abatement. SECTION 3: That the above-stated fees shall not apply to improvements made to single- family homes where the applicant owns and resides in the home.