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 fifty thousand dollars ($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)