(a) Council hereby establishes a Community Reinvestment Area hereafter denoted as “Community Reinvestment Area No. 1", a map of said area being set forth in Exhibit A.
(b) The boundaries of Community Reinvestment Area No. 1 shall be those as set forth in Exhibit A, and as described therein, the same being incorporated by reference as fully as if entirely rewritten.
(c) (1) Within Community Reinvestment Area No. 1 there shall be an exemption for real property improvement taxation on the improvements, only as set forth in Ohio R.C. 3735.67(B) and (C) for the following periods:
A. Ten years for the remodeling of every industrial property upon which the remodeling cost exceeds fifty thousand dollars ($50,000);
B. Ten years for the construction or expansion of any industrial structure upon which the cost exceeds fifty thousand dollars ($50,000).
(2) For purposes of this section, the exemption granted in subsection (c)(1)A. hereof shall be as set forth in Ohio R.C. 3735.67(B), and the exemption provided in subsection (c)(1)B. hereof shall be as set forth in Ohio R.C. 3735.67(C).
(3) Further, provided that multi-family, retail and commercial uses as the same are defined in Part 11 of the Codified Ordinances of the Village of Johnstown shall not be considered industrial for purposes of determining eligibility for the exemptions provided herein.
(d) In order to implement and administer the provisions herein, the Manager is hereby designated the Housing Officer. Said Officer shall have the power and authority as designated by Ohio R.C. 3735.67(B) and (C).
(e) A certified copy of this section shall be forwarded to the County Auditor by the Clerk for information and reference.
(f) Council reserves the right to review and re-evaluate Community Reinvestment Area No. 1 in order to determine the continued necessity for the Community Reinvestment Area No. 1.
(g) Council specifically finds and concludes that the Community Reinvestment Area as described in the attachment hereto is an area in which housing facilities or structures of historical significance are located and the housing construction and repair of existing facilities is to be discouraged.
(h) (1) There is hereby established the Community Reinvestment Area Housing Council consisting of two members appointed by the Mayor, two members appointed by Council, one member appointed by the Planning and Zoning Commission. The majority of the foregoing group shall appoint two additional members who shall be residents of the area.
(2) Appointments and the filling of vacancies shall be in conformity with Ohio R.C. 3735.69.
(i) The Housing Council shall make an annual inspection of all properties within the Community Reinvestment Area and report its findings to the Village Council. Based upon said report, the Housing Council shall determine to continue any exemptions quoted, or it may elect to revoke same pursuant to Ohio R.C. 3735.68.
(j) The Housing Council shall hear all appeals with respect to the application and determination of eligibility for the exemption provided herein.
(Ord. 1988-7. Passed 2-16-88.)
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