§ 884.02. Monroe Community Reinvestment Area.

(a)

For the purpose of fulfilling the tax abatement requirements set forth under Ohio R.C. Chapter 3735, Council hereby establishes the Monroe Community Reinvestment Area as outlined on the map attached to original Resolution 17-86, passed September 2, 1986, as exhibit A, and including such areas as are outlined on the map attached to original Resolution 48-97, passed December 23, 1997, as exhibit A.

(b)

For the purpose of administering the tax abatement procedure, a housing officer, as described in Ohio R.C. 3735.65 and 3735.66, shall be designated by council.

(c)

The area known as the Monroe Community Reinvestment Area is one in which housing facilities and/or structures of historical significance are located and in which new housing construction and repair of existing facilities or structures are discouraged.

(d)

(1)

A community reinvestment area tax abatement application and monitoring fee in the amount of $750.00 is hereby established.

(2)

The application and monitoring fee shall be remitted to the city at the time a community reinvestment area tax abatement application is submitted.

(Res. 17-86. Passed 9-2-86; Res. 48-97. Passed 12-23-97; Ord. 2005-05. Passed 2-8-05.)