(a) The area designated as the Maple Heights Community Reinvestment Area I constitutes an area in which housing facilities or structures of historical significance are located, and in which new construction or repair of existing facilities has been discouraged.
(b) Pursuant to Ohio R.C. 3735.66, the Maple Heights Community Reinvestment Area I is hereby established as Area Number 03547306-01 (described as follows):
Community Reinvestment Area Boundaries:
The boundaries of the area are at Interstate 480 at the northern border, Northfield Road to the east, and East 141st Street to the west. The City's southern border juts in and out along various roads and municipalities. The City is bisected by rail lines that run diagonally through the City center, parallel to Broadway Avenue. See Appendix A, attached to Ordinance 2020-39, which is incorporated as if fully rewritten herein.
(c) All properties identified as being within the designated Maple Heights Commercial Community Reinvestment Area are eligible for this incentive. This proposal is a public/private partnership intended to promote and expand conforming uses in the designated area. As part of the project, the City of Maple heights intends to undertake supporting public improvements in the designated area.
(d) For residential property, a tax exemption on the increase in the assessed valuation resulting from the improvements as described in R.C. § 3735.67 shall be granted upon application by the property owner and certification thereof by the designated Housing Officer for the following periods. Residential applications must be filed with the Housing Officer no later than six months after construction completion.
(1) Ten years, for the remodeling of every residential dwelling unit containing not more than two housing units and upon which the cost of remodeling is at least two thousand five hundred dollars ($2,500) but less than twenty-five thousand dollars ($25,000), as described in R.C. § 3735.67, and with such exemption being fifty percent for each of the ten years.
(2) Fifteen years, for the remodeling of every residential dwelling unit containing more than two housing units and upon which the cost of remodeling is at least twenty-five thousand dollars ($25,000), as described in R.C. § 3735.67, and with such exemption being 100 percent for each of the fifteen years.
(3) Fifteen years, for the construction of dwellings containing not more than twenty-five housing units, as described in R.C. § 3735.67, with such exemption being 100 percent for each of the fifteen years.
(e) Within the Community Reinvestment Area, the percentage of the tax exemption on the increase in the assessed valuation resulting from improvements to commercial and industrial real property and the term of those exemptions shall be negotiated on a case-by-case basis in advance of construction or remodeling occurring according to the rules outlined in R.C. § 3765.67. The results of the negotiation as approved by this Council will be set in writing in a Community Reinvestment Area Agreement as outlined in R.C. § 3735.671.
(1) All commercial and industrial projects are required to comply with the State application fee requirements of R.C. § 3735.672(C) and the local annual monitoring fee as outlined in R.C. § 3735.671(D): one percent of the amount of taxes exempted under the agreement (a minimum of five hundred dollars ($500.00) up to a maximum of two thousand five hundred dollars ($2,500) annually; the monitoring fee is a local option).
(f) In order to administer and implement the provisions of this chapter, the Director of Economic Development is designated as the Housing Officer, as described in R.C. §§ 3735.65 through 3725.70.
(g) Community Reinvestment Area Housing Council shall be established, consisting of two members appointed by the Mayor, two members appointed by the Council and one member appointed by the Planning Commission. The majority of the members shall then appoint two additional members who shall be residents within the area. The term of each of the members of this Housing Council shall be for three years. An unexpired term resulting from a vacancy in this Housing Council shall be filled in the same manner as the initial appointment was made.
(h) The Tax Incentive Review Council, which has been established pursuant to Ohio R.C. 5709.85, shall review annually the compliance of all agreements involving the granting of exemptions for commercial or industrial real property improvements under Ohio R.C. 3735.671 and make written recommendations to the Council of the City of Maple Heights as to continuing, modifying or terminating any said agreement based upon the performances of the agreement.
(i) The Council reserves the right to re-evaluate the designation of the Maple Heights Commercial Community Reinvestment Area after December 31, 2003, and annually thereafter at which time the Council may direct the Housing Officer not to accept any new applications for exemptions as described in Ohio R.C. 3735.67.
(j) The Community Reinvestment Area Housing Council shall make an annual inspection of the properties within the district for which an exemption has been granted under Ohio R.C. 3735.67. The Community Reinvestment Area Housing Council shall also hear appeals under Ohio R.C. 3735.70.
(Ord. 2003-029. Passed 6-11-03; Ord. 2020-39. Passed 4-15-20.)