Not withstanding Ohio R.C. 709.19 specifying a transition period for the sharing of taxes with a township on certain large territorial annexations, the Village legislative authority desires to go on records as expressing its intention to negotiate an agreement on the sharing of up to a maximum of one hundred percent (100%) of property taxes, for a period up to a maximum of ten years on property annexed from any adjacent township to the Village of North Baltimore, provided such an agreement would not be contrary to law. The intent of this section is not to fix a specific percentage amount or specific duration for the sharing of taxes, but to state an intention on the part of the Village to negotiate in good faith with the township on the sharing of property tax revenues to ease the effect on the township’s budget caused by property annexed to the Village of North Baltimore pursuant to Section 925.09
and 925.10
. (Ord. 05-94. Passed 3-15-94.)