(a) The "North Olmsted Community Reinvestment Area Housing Council" is hereby created. The membership of the North Olmsted Community Reinvestment Area Housing Council shall be as set forth in ORC Section 3735.69. It shall perform all duties imposed upon Community Reinvestment Area Housing Councils as set forth in the Ohio Revised Code, including ORC section 3735.69.
(b) The "Tax Incentive Review Council" is hereby established pursuant to Ohio R.C. 5709.85. The membership of the Tax Incentive Review Council shall be as set forth in ORC Section 5709.85. It shall perform all duties imposed upon municipal corporation Tax Incentive Review Councils as set forth in the Ohio Revised Code, including ORC section 5709.85. The Council reserves the right to re-evaluate the designation of the North Olmsted Community Reinvestment Area after December 31, 2015, 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.
(Ord. 2023-2. Passed 2-7-23.)