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CIC introduces virtual meeting policy, property transfer fee policy and flags code-of-regulations updates
Summary
The board introduced a virtual meeting policy and a property transfer fee policy (Resolution 2025-07) to be considered at the December meeting, and staff said a broader review of the CIC code of regulations will be undertaken in upcoming meetings.
Two resolutions were presented to the Community Improvement Corporation of Euclid at its Oct. 14 meeting for introduction and future consideration: a virtual meeting policy and a property transfer fee policy (listed in the packet as Resolution 2025-07). Board members were given the materials for review and staff said both items will be considered for adoption at the board's Dec. 8 meeting.
Staff described the virtual meeting policy as a brief policy that would allow the CIC to conduct meetings over teleconference technologies such as Zoom or Teams when appropriate; the policy was presented for review and a vote will be scheduled in December.
Staff also introduced a property transfer fee policy intended to allow the CIC to recover certain organizational costs associated with selling property as an agent for the city, consistent with the CIC's authority under the Ohio Revised Code. The policy as presented would charge a nominal fee equal to 2.5% of the purchase price or $500, whichever is greater, to help cover costs such as insurance and audit expenses. The resolution was introduced for consideration at the December meeting.
Separately, staff informed the board that the CIC's code of regulations, which dates to 1979 and has been amended occasionally, will be reviewed and updated in multiple tranches with legal counsel to ensure compliance with nonprofit and CIC law in Ohio. No specifics were discussed and no votes were taken on these items at the Oct. 14 meeting.
