City Council hereby reserves the right to reevaluate Community Reinvestment Area Number One two years from the date of passage of this chapter to determine whether or not applications for exemption from real property taxation under the provisions of Ohio R.C. 3735.65 through 3735.70 shall continue to be accepted. Should Council determine to discontinue the tax exemption provision for Community Reinvestment Area Number One, any application granted for exemption shall continue for the full period of time set forth above.
(Ord. 2018-114. Passed 10-23-18.)