Explanation
The Weinland Park-University/Area F Community Reinvestment Area creation ordinance (Ordinance 1939-2006, amended by Ordinance 2156-2011, Ordinance 1716-2012, Ordinance 0643-2015, Ordinance 2196-2018, and Ordinance 2781-2018) needs to be amended to incorporate language that addresses the circumstances under which parcel(s) outside of the original CRA boundaries but subsequently combined with parcels within the CRA will be deemed to be within CRA and to incorporate clarifying language to exemption requirements.
FISCAL IMPACT
No fiscal impact. There is no funding required for this legislation.
Title
To amend several sections of Ordinance Number 1939-2006 regarding the Weinland Park CRA to set forth the circumstances under which a combined parcel resulting from the combination of a parcel within the original CRA boundaries and parcel(s) outside of the original CRA boundaries will be deemed to be within the CRA; and to further clarify exemption requirements.
Body
WHEREAS, Resolution No. 1698-78, approved August 3, 1978, authorized the Department of Development to carry out a Community Reinvestment Program, pursuant to Sections 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and
WHEREAS, Ordinance 1939-2006 created the Weinland Park-University/Area F Community Reinvestment Area and authorized real property tax exemptions within it, as provided per Ohio Revised Code; and
WHEREAS, amendments have been made to the Weinland Park-University/Area F Community Reinvestment Area boundaries, as well as other provisions, since its creation by Ordinance 2156-2011, Ordinance 1716-2012, Ordinance 0643-2015, Ordinance 2196-2018, and Ordinance 2781-2018; and
WHEREAS, the need to add clarifying language to the boundary description exists to address the treatment of parcel combinations and to clarify the circumstances under which a combined parcel resulting from the combination of a parcel within the origin...
Click here for full text