(A) It is necessary for the Council to formally request from the Board of County Commissioners of Wood County, Ohio, (“the Board”) the inclusion of the municipality in an enterprise zone proposal and to include such a request in a petition to the Development Director of the State of Ohio to certify the area described as such a zone.
(B) The Board finds and determines that designation of the zone pursuant to the R.C. § 5709.63 will promote the economic welfare of the residents of the municipality by creating new jobs and retaining and preserving current jobs and employment opportunities within such areas and is in the best interest of the municipality.
(C) The Council understands that the Board of County Commissioners is required by law to administer all enterprise zones and agreements within the county and will therefore appoint a designee to be responsible for:
(1) The establishment and operation of the Tax Incentive Review Council as specified in R.C. § 5709.63(B);
(2) To ensure that the enterprise zone abatement agreements contain the information required in R.C. §§ 5709.63(A) and 5709.62(B), including a description of the project, the amount to be invested, the number of jobs created and/or retained, the annual payroll associated with these jobs, and the specific percentage and number of years of tax abatement being granted toward real and/or personal property;
(3) To forward copies of all enterprise zone abatement agreements to both the Ohio Department of Development and the Ohio Department of Taxation within 15 days after the agreement is entered into, as specified in R.C. § 5709.63(D); and
(4) To maintain a centralized record of all aspects of the zone, including copies of the agreements, a list of the members of the Tax Incentive Review Council, and a summary of the Tax Incentive Review Council’s annual review of each agreement.
(Ord. 5325, passed 8-19-1991)