(a) Pursuant to R.C. § 3735.66, the Mentor on the Lake Community Reinvestment Area, is hereby established in the following described area: The entire City shall constitute the Community Reinvestment Area. This area 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) The Community Reinvestment Area is approximately depicted as the crosshatched area on the map attached to Ordinance 2016-O-28 (see Exhibit A) and by this reference incorporated herein.
(c) Only residential, commercial and/or industrial properties consistent with the applicable zoning regulations within the designated Community Reinvestment Area will be eligible for exemptions under this program.
(Ord. 2016-O-28. Passed 12-13-16.)