Ordinance No. OR2023-6-62 an Ordinance Expanding, Modifying

ORDINANCE NO. OR2023-6-62 AN ORDINANCE EXPANDING, MODIFYING, AND RESTATING THE TERMS AND TAX EXEMPTIONS OF THE MAIN-HIGH CORRIDOR COMMUNITY REINVESTMENT AREA. WHEREAS, pursuant to Ohio Revised Code ("ORC") Sections 3735.65 et seq., this Council, on July 13, 2016, passed its Ordinance No. OR2016-7-63 (the "Original CRA Ordinance"), in which it found that the remodeling of existing structures and construction of new structures in areas located within the City, as described and depicted in the Original CRA Ordinance and known as the Main-High Corridor Community Reinvestment Area (the "CRA") would serve to encourage economic stability, maintain real property values, and generate new employment opportunities within the Main-High Corridor and the City as a whole; and WHEREAS, the Original CRA Ordinance provides, among other exemptions, a fifteen (15) years, one hundred percent (100%) tax exemption for the new construction of dwellings containing not more than two housing units; and WHEREAS, this Council desires to modify and restate the terms of the CRA and expand the fifteen (15) years, one hundred percent (100%) tax exemption to the new construction of dwellings containing any number of housing units; and WHEREAS, this Council desires to expand the boundaries of the CRA to include additional properties, including Hamilton's three National Historic Register historic districts and the properties included in Hamilton's "River Master Plan." NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Hamilton, Ohio: SECTION I: For the purposes of fulfilling the requirements set forth under ORC Sections 3735.65 to 3735.70, this Council adopts the findings of the Housing Survey on file with the Clerk of Council and reestablishes the CRA. The findings of the Housing Survey are hereby incorporated into this ordinance. SECTION II: That the operative sections of the Original CRA Ordinance is hereby amended and restated in its entirety to read as set forth in Exhibit No. 1 attached hereto, incorporated herein, with added language denoted by bold underlining and deleted language denoted by bold strike-through. SECTION Ill: The boundaries of the CRA are hereby amended to expand the CRA to include all areas depicted in Exhibit No.2 attached hereto. This Council hereby finds that the area included within the CRA as set forth in Exhibit No. 2 attached hereto is one in which housing facilities or structures of historical significance are located and new housing construction and repair of existing facilities or structures are discouraged. SECTION IV: The City's Economic Development Director and other appropriate officers of the City are hereby authorized to publish or deliver all required notices, submit all required petitions, and take all other actions necessary to implement this ordinance. All previous actions taken by such officers are hereby ratified. SECTION V: This Council finds and determines that all formal actions of this Council and any of its committees concerning and relating to the passage of this ordinance were taken in an open meeting of this Council or its committees, and that all deliberations of this Council and any of its committees that resulted in those formal actions were in meetings open to the public, all in compliance with the law including ORC Section 121.22. SECTION VI: This ordinance shall take effect and be in full force from and after the earliest period allowed by law after its passage. ORDINANCE NO. OR2023-6-62 PASSED: June 28, 2023 Effective Date: July 28, 2023 ATTEST: Daniel Tidyman City Clerk Pat Moeller Mayor CERTIFICATE I, Daniel Tidyman, City Clerk of the City of Hamilton, Butler County, Ohio, hereby certify that the foregoing Ordinance No. OR2023-6-62 was duly published as provided by Section 113.01 of the Codified Ordinances of the City of Hamilton, Ohio, by posting ten days after passage, a copy thereof in the lobby of City Hall for a period of ten days. POSTED: June 28, 2023 Daniel Tidyman, City Clerk CITY OF HAMILTON, OHIO 8-29/2023