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Staff previews broader use of tax-increment financing, including residential "incentive districts"
Summary
Planning staff briefed the Committee of the Whole on Sept. 10 about the city's use of tax-increment financing (TIF), current TIF fund balances, and the possibility of adding 40(c) incentive districts to capture incremental value from residential development; no legislation was proposed.
North Ridgeville — On Sept. 10, 2025, the city's planning and economic development director presented an overview of tax-increment financing (TIF) use in North Ridgeville and recommended that the city consider adding incentive-district TIFs (commonly called "40(c)" TIFs) to capture incremental value from owner-occupied residential growth in certain areas.
Planning and Economic Development Director Kim Lieber told the committee that North Ridgeville has used commercial/industrial parcel TIFs (often referenced as "40(b)" TIFs) since about 2015 and has 13 such districts. Those parcels have produced uneven revenues: one district approaches $1.4 million in balance while several others hold only a few thousand dollars. Lieber said the city has used TIF funds for projects such as signalization at Bagley and Lorraine Road and to help offset the cost of the Cypress Avenue extension.
Lieber explained the…
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