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North Ridgeville lists resolution to terminate CRA abatement for Isomer Group; company representative urges council to reconsider
Summary
A resolution to terminate a Community Reinvestment Area tax abatement between the city and Isomer Group (Discount Drug Mart) was on the agenda. A company representative said a valuation discrepancy caused a payment delay but that required payment has been made.
A resolution to terminate the Community Reinvestment Area (CRA) tax abatement between North Ridgeville and Isomer Group Incorporated was listed on Monday's City Council agenda; a company representative urged council to reconsider and said the company has made the required payment.
Steve Farris, representing Isomer Group (operating as Discount Drug Mart), told council the delay that led to the ordinance in question resulted from a property valuation 33% below the original estimate and that the company had sought an adjustment. “The delay in question here was caused by a property valuation that was 33% below the original estimate,” Farris said. He added that the company delivered the required payment to the city schools today and asked council to reconsider the housing council's recommendation related to the resolution.
The resolution appears on the agenda as “A resolution terminating the community reinvestment area tax abatement between the city of North Ridgeville and Isomer Group Incorporated” (listed under first readings). The transcript records the item under first readings but does not show a council vote on the resolution during Monday's meeting.
Distinguishing discussion from decision: the listing of the resolution on the agenda constitutes notice for future council action; no formal vote or adoption of that specific resolution is recorded in the transcript for the meeting on May 5. Farris’s remarks occurred during the lobby/public comment period and were not a council motion or vote. Council members acknowledged the comment but did not record a separate outcome during the meeting.
Next steps: The resolution remains on the city's legislative docket under first readings; any motion to adopt, table, or reconsider would be recorded at a subsequent meeting if brought forward.
