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Seven Hills council adopts Rockside Road TIF districts as emergency
Summary
At its May 27 meeting the Seven Hills City Council passed amended Ordinance 19-2025, creating Rockside Road tax-increment financing incentive districts, exempting certain parcel improvements from real-property taxation and requiring service payments in lieu of taxes with a portion distributed to Parma City School District.
The Seven Hills City Council passed amended Ordinance 19-2025 as an emergency measure at its May 27 meeting, creating Rockside Road tax increment financing (TIF) incentive districts and declaring improvements to parcels within each district a public purpose exempt from real-property taxation.
The ordinance requires owners of parcels within the newly created incentive districts to make…
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