(a) The area designated as the Community Reinvestment Area constitutes an area in which housing facilities or structures of historical significance are located, and in which new construction or repair of existing facilities has been discouraged.
(b) That the boundaries of the Brighton Community Reinvestment Area are as follows:
Bounded on the west by Dryden Road meeting the west side of Pershing Road north to Belford Street east to the unnamed alley west of, adjacent to, and parallel to Dryden Road north to Chaps Run Creek, following the Creek to Parcel #80-82-36-03-07-000, 707 Dryden Road, which is the northernmost property to extend from Chaps Run Creek to Dryden Road. Following this property line to the adjacent property north, the boundary continues along the rear property lines of parcels having frontage on the west side of Dryden Road to the intersection of Brighton Boulevard, including the Old Garfield Grade School area bordered by Brighton Boulevard north to Chaps Run Creek northeast to Clark Street southeast to Dryden Road; then southwest to include entire property at the southeast corner of Dryden Road and Brighton Boulevard, turning west leading to an unnamed alley running south parallel to and east of Brighton Blvd., until it reaches Ohio Street; there Ohio Street is followed east to an unnamed alley parallel to and east of Homewood Avenue southward to Virginia Street; from this point the boundary line is followed south between the rear property lines of Homewood Avenue and Larzelere Avenue and intersects an unnamed alley that is north of and parallel to Pershing Road to the east property line of Parcel #80-82-29-03-17-000, 1119 Pershing Road; then meeting and incorporating the Muskingum County Fair Grounds’ boundary line eastward adjoining and including 1048 Pershing Road south again to the Muskingum County Fairgrounds boundary, west, then south, then west, then north to Pershing Road, to meet with Dryden Road at the place of beginning.
(c) Only residential, commercial and/or industrial properties consistent with the applicable zoning regulations within the designated Community Reinvestment Area will be eligible for exemptions under this program.
(d) Within the Community Reinvestment Area, the percentage of the tax exemption on the increase in the assessed valuation resulting from improvements to commercial and industrial real property and the term of those exemptions shall be negotiated on a case-by-case basis in advance of construction or remodeling occurring according to the rules outlined in Ohio R.C. 3765.67. The results of the negotiation as approved by Council will be set in writing in a Community Reinvestment Area Agreement as outlined in Ohio R.C. 3735.671. For residential property, a tax exemption on the increase in the assessed valuation resulting from improvements as described in Ohio R.C. 3735.67 shall be granted upon proper application by the property owner and certification thereof by the designated Housing Office for the following periods. Residential applications must be filed with the Housing Officer no later than six months after construction completion. The percentage of the tax exemption on the increase in the assessed valuation resulting from improvements to residential properties shall be 100% of the assessment.
(1) Five years, (term the same for all) for the remodeling of dwellings containing not more than two housing units and upon which cost of remodeling is at least $2,500, as described in Ohio R.C. 3735.67.
(2) Six years, (negotiated - up to 12 years) for existing commercial and industrial facilities shall be negotiated on a case-by-case basis in advance of at least $5,000 of construction or remodeling occurring.
(3) Eight years, (negotiated - up to 15 years) for new commercial or industrial facilities shall be negotiated on a case-by-case basis in advance of construction occurring.
If remodeling qualifies for an exemption, during the period of the exemption, the exempted percentage of the dollar amount of the increase in market value of the structure shall be exempt from real property taxation . If new construction qualifies for an exemption, during the period of the exemption, the exempted percentage of the structure shall not be considered to be an improvement on the land on which it is located for the purpose of real property taxation.
(e) All commercial and industrial projects are required to comply with the state application fee requirements of Ohio R.C. 3735.672(C).
(f) To administer and implement the provisions of this section, the City Community Development Department is designated as the Housing Officer as described in Ohio R.C. 3735.65 through 3735.70.
(g) (1) A “Community Reinvestment Area Housing Council” shall be created, consisting of two members appointed by the Mayor, two members appointed by the Council and one member appointed by the Planning Commission. The majority of the members shall then appoint two additional members who shall be residents within the area. Terms of the members of the Council shall be for three years. An unexpired term resulting from a vacancy in the Council shall be filled in the same manner as the initial appointment was made.
(2) A Tax Incentive Review Council has been established pursuant to Ohio R.C. 5709.85 and consists of three representatives appointed by the Board of County Commissioners, two representatives of the municipal corporation, appointed by the Municipal CEO with Council concurrence, the County Auditor or designee and a representative of each affected board of education. At least two members must be residents of the City of Zanesville. The Tax Incentive Review Council shall review annually the compliance of all agreements involving the granting of exemptions for commercial or industrial real property improvements under Ohio R.C. 3735.671, and make written recommendations to Council as to continuing, modifying or terminating said agreement based upon the performance of the agreement.
(h) Council reserves the right to re-evaluate the designation of the Community Reinvestment Area after December 31, 2003 (ODOD suggests an annual review) at which time Council may direct the Housing Officer not to accept any new applications for exemptions as described in Ohio R.C. 3735.67.
(i) The Review Council shall also hear appeals under Ohio R.C. 3735.70.
(Ord. 02-175. Passed 12-9-02.)