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The cost of urban renewal activities may be paid in whole or in part by the city from the appropriate general or special fund or from accounts established pursuant to Ohio R.C. Ch. 135 and 5705 and the city may accept grants or gifts of moneys or real personal property from persons, entities, governments or taxing authorities to be used for the planning and financing of such urban renewal activities. All bonds or notes payable from the general credit and taxes of the city to finance urban renewal activities shall be issued in accordance with the applicable provisions of Ohio R.C. Ch. 133. Accounts shall be maintained for the carrying out of those urban renewal activities being financed by loans or advances from the Federal government separate from any other city accounts, including city accounts used to carry out any activities being financed by the City; no money or real or personal property shall in any way be pledged as security for the repayment of any federal loans or advances, except the separately described portion of a project area set aside for such purpose, together with the proceeds from the sale, lease or temporary operation thereof and with federal capital grant moneys earned in connection therewith, in order to avoid violating statutory and constitutional debt and tax limitations.
(Prior Code, § 252.13) (Ord. 242-1967, passed 11-27-1967)
After approval of an urban renewal or redevelopment plan by Council, no building permit shall be issued for the improvement or enlargement of any existing structure, or for the construction of a new structure, in the clearance and redevelopment portion of the project area; except that, such permit may be issued for the repair of an existing structure when such repair is deemed necessary by the Mayor for the immediate preservation of the public health and safety or is required by the redeveloper in accordance with the redevelopment plan.
(Prior Code, § 252.14) (Ord. 242-1967, passed 11-27-1967)
(A) All property of the city, including funds, owned or held by it for the purposes of this chapter, shall be exempt from levy and sale by virtue of an execution and no execution or other judicial process shall issue against the same, nor shall judgment against the city be a charge or lien upon such property. However, the provisions of this section shall not apply to or limit the right of obligees to pursue any remedies for the enforcement of any pledge or lien given pursuant to this chapter by the city on its rents, fees, grants or revenues from urban renewal or redevelopment projects.
(B) The property of the city, acquired or held for the purposes of this chapter on January 1 of any year, is declared to be public property used exclusively for essential public and governmental purposes and such property shall be exempt from all taxes of the city, county, state or any taxing authority thereof. However, such tax exemptions shall terminate when the city sells, leases or otherwise disposes of such property in a project area to a purchaser or lessee which is not a person, corporation, partnership or other association entitled to tax exemption with respect to such property.
(Prior Code, § 252.15) (Ord. 242-1967, passed 11-27-1967)