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AN ORDINANCE TO AMEND ORDINANCE NO. 2006-013 IN ORDER TO CLARIFY REAL PROPERTY TAX EXEMPTION PRIORITY FOR CERTAIN REAL PROPERTY LOCATED IN THE CITY OF GROVEPORT, OHIO, AND THE DECLARATION OF AN EMERGENCY
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WHEREAS, the City of Groveport (the “City”) passed Ordinance No. 2006-013 (the “Original Ordinance”) on May 8, 2006, which Original Ordinance declared the improvement of certain real property located in the City to be a public purpose and declared such property to be exempt from real property taxation; and
WHEREAS, a developer of distribution centers is considering making a significant investment in the area addressed by the Original Ordinance and has requested clarification concerning the priority of real property tax exemptions in that area; and
WHEREAS, the requested clarification will make clear the City’s original intent that enterprise zone exemptions and community reinvestment area exemptions in the area are senior in priority to tax increment financing exemptions in the area, irrespective of who files the application for a tax increment financing exemption; and
WHEREAS, the requested clarification is consistent with the exemption priority for all known competitive sites throughout Central Ohio.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GROVEPORT, FRANKLIN COUNTY, OHIO, A MAJORITY OF ITS MEMBERS CONCURRING:
Section 1. Amendment of Original Ordinance. Section 2 of the Original Ordinance is hereby replaced in its entirety with the following:
“TIF Exemption. Subject to any tax exemptions granted pursuant to Ohio Revised Code Sections 3735.65 through 3735.70 or 5709.61 through 5709.69 (the "Non-TIF Exemptions"), one hundred percent (100%) of the increase- in the assessed value each of the Parcels and of the improvements on each of the Parcels subsequent to the effective date of this Ordinance (which increase in assessed value is hereinafter referred to as the "Improvement" as defined in Ohio Revised Code Section 5709.40(A...
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