Ordinance 2014-51 - Laserfiche WebLink

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Substitute Exhibit B — August 5, 2014 The "Tax Incentive Review Council" is hereby established pursuant to ORC Section 5709.85 and shall consist of three representatives appointed by the Cuyahoga County Executive, two representatives of the City of North Olmsted, appointed by the Mayor with Council concurrence, the county auditor or designee and a representative of each affected Board of Education. At least two members must be residents of the City of North Olmsted. The Tax Incentive Review Council shall review annually the compliance of all agreements involving the granting of exemptions for commercial or industrial real property improvements under Section 3735.671 of the ORC and make written recommendations to the Council as to continuing, modifying or terminating said agreement based upon the performance of the agreement. The Council reserves the right to re- evaluate the designation of the North Olmsted Community Reinvestment Area after December 31, 2015, at which time the Council may direct the Housing Officer not to accept any new applications for exemptions as described in Section 3735.67 of the ORC. The North Olmsted Community Reinvestment Area Housing Council shall make an annual inspection of the properties within the district for which an exemption has been granted under Section 3735.67 of the ORC. The Council shall also hear appeals under 3735.70 of the ORC.