Meeting Time: January 05, 2021 at 4:00pm EST
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Agenda Item

O-009-21 Declaring the improvements to certain real property parcels within the City to be a public purpose; describing the public improvements to be made to directly benefit such parcels; exempting such improvements from ad valorem real property taxation for a period of 30 years; requiring the owner of the improvements to make service payments in lieu of taxes; establishing a municipal public improvement tax increment equivalent fund for the deposit of the service payments, authorizing various agreements and actions, all pursuant to sections 5709.40, 5709.42, 5709.43, 5709.91, 5709.911 and other provisions of the Ohio Revised Code; and declaring an emergency.