(A) The Fulton County Director of Economic Development has been appointed as the Swanton Enterprise Zone Manager.
(B) An application for Enterprise Zone benefits shall be processed as follows.
(1) The company must file an application on a form provided by the Manager. Upon submittal to the Ohio Department of Development a $500 application fee must be submitted to the Ohio Department of Development. All forms provided by the state shall be used in the process. Those forms being the application, agreement and the annual reporting forms. Upon calculation of the estimated first year tax incentive, an application fee equal to1% of the first year tax savings will be paid to the Fulton County CIC. This nonrefundable fee shall not be less than $50 nor more than $1,000.
(2) The Manager will verify the information presented in the application and provide assistance necessary for completion of the project.
(3) The Manager’s analysis and the negotiating team’s recommendation will be forwarded to the Village Council. Council will review the information when considering the approval of an Enterprise Zone agreement.
(4) Upon passage of all required legislation, the company will finalize its plans as outlined in the basic agreement.
(5) Approved projects will be reviewed annually, for compliance with the agreement, by the Tax Incentive Review Council. The Manager will obtain all necessary information needed by Council to conduct an annual review of existing agreements. The Manager will assist the Council during the annual review process.
(6) An annual processing fee equal to one-half of 1% of the annual tax incentive will be paid to the Fulton County CIC. This fee shall not be less than $50 nor more than $1,000. Failure to comply with the terms of the agreement may result in the loss of incentives granted.
(Ord. 93-8, passed 8-23-1993)