The Ohio Enterprise Zone Program requires each enterprise receiving a tax incentive through an Enterprise Zone Agreement to pay an annual fee equal to the greater of one percent of the dollar value of the incentive benefit received or $500. The maximum annual monitoring fee will be $2,500. The fee is to be made payable to the Village of New Lebanon. The fee is due annually for each year the enterprise receives a tax benefit extended from the Enterprise Zone Agreement. All such fees will be deposited in a special fund and used exclusively for the purpose of administering and monitoring the Enterprise Zone Program.
(Res. 2000-41, passed 9-19-00)