(a) Application for the City of Stow Income Tax Grant Program must be made to the City of Stow on forms available from the Planning Department's office. Initial discussions with prospective applicants will be held in confidence. Should the applicant wish to proceed, information will be forwarded to the City Council for consideration and information contained in the application shall then become public information.
(b) An application fee of two hundred fifty dollars ($250.00) shall be paid to the City of Stow upon submission of the application. Upon acceptance of an application the Mayor shall direct the Law Director to (construct) prepare the draft of a City of Stow Income Tax Grant Agreement. An authorizing ordinance will be prepared for Council's consideration. The matter will be placed on the first available Council agenda. No City of Stow Income Tax Grant Agreement shall become effective unless first approved by City Council.
(c) City of Stow Income Tax Grant payments will begin the first calendar year following occupancy and will terminate after December 31st of the last year which a grant amount is to be paid.
(Ord. 2013-189. Passed 12-12-13.)
(Ord. 2013-189. Passed 12-12-13.)