There is hereby established a Tax Abatement Commission consisting of seven (7) members to be appointed by the Mayor, and approved by the Council. Three (3) of the initial appointments shall be for terms ending one year after the date the appointments were approved. The remaining initial appointments shall be for a term ending two years after the date of the appointments were approved. Thereafter, terms of office shall be for two years, with each term ending on the same date of the same month as did the term that it succeeds.
(Ord. No. 2010-88. Passed 10-10-88, eff. 10-13-88)
The Tax Abatement Commission shall evaluate, develop and recommend a commercial tax abatement policy to the Mayor and review proposed commercial tax abatement projects of significance. The commercial tax abatement policy report from the Commission must be submitted to the Mayor within forty-five (45) days after appointment of the seven (7) members to the Commission. All specific proposal review shall be submitted to the Mayor within forty-five (45) days of receipt by the Commission of the proposal.
(Ord. No. 2010-88. Passed 10-10-88, eff. 10-13-88)
An application for tax abatement of real property taxes for a community urban redevelopment corporation qualifying under RC Chapter 1728 shall be addressed and submitted to the Mayor on a form certifying such facts and data as are prescribed by the Director of Economic Development.
(Ord. No. 821-89. Passed 4-10-89, eff. 4-14-89)
Each application for tax abatement submitted pursuant to Section 170.03 and RC Chapter 1728 shall be accompanied by an application fee. The application fee shall be in an amount equal to one percent (1%) of the value of the total project cost as set forth in the application or $50,000.00, whichever amount is less. The Director of Economic Development is authorized to assess an additional application fee in the event that the actual costs incurred by the City for its review of the application, including the costs of employing professional consultants pursuant to Section 170.05, exceed the amount of the initial application fee. The amount of the additional application fee shall equal the amount of the actual costs incurred by the City in excess of the amount of the initial application fee. All application fees shall be non-refundable.
(Ord. No. 821-89. Passed 4-10-89, eff. 4-14-89)
The Director of Economic Development is authorized to employ by contract such professional consultants as are necessary to supplement the regularly employed staff of the several departments of the City to review an application for tax abatement submitted pursuant to Section 170.03 and RC Chapter 1728. The compensation to be paid for such services shall be fixed by the Director of Economic Development. The total cost for all professional services employed for the purpose of reviewing an application for tax abatement shall not exceed the sum of the initial application fee and any additional application fee charged pursuant to Section 170.04
(Ord. No. 821-89. Passed 4-10-89, eff. 4-14-89)