The City Manager shall establish a Tax Base Revitalization Incentive Site Priority List which shall be a list of Tax Base Revitalization Incentive Sites in the City or on property owned by the City which have one or more of the following characteristics:
(a) The site is a likely candidate for remediation of environmental contamination under Chapter 3746 of the Ohio Revised Code,
(b) The site is likely to become a site for new employment in the City as a result of economic development assistance from the City government,
(c) The site owner or lessee has entered into contractually binding commitments to obtain sufficient funding to significantly expand, renovate, or redevelop the site, or
(d) The site has closed within the previous twelve months and was the place of employment for twenty or more employees during the twelve months prior to closing.
When the City Manager adds or deletes a site or sites from the Tax Base Revitalization Incentive Site Priority List, he shall provide a copy of the new Tax Base Revitalization Incentive Site Priority List to the members of the City Commission at their next meeting after the new Tax Base Revitalization Incentive Site Priority List is established. The Tax Base Revitalization Incentive Site Priority List will be used to determine eligibility for certain development incentives authorized by the City's Codified Ordinances and by other ordinances adopted by the City Commission from time to time and for prioritizing the investment of City staff time and other City resources in fostering the economic development of Tax Base Revitalization Incentive Sites. The term "Tax Base Revitalization Incentive Site" means an abandoned, idled, or under-utilized commercial or industrial site where expansion, renovation, or redevelopment is unlikely due to real or suspected environmental contamination or due to deteriorated public infrastructure serving the site or the blight conditions in the vicinity of the site.
(Ord. 98-43. Passed 2-24-98.)