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Council leaves multiple tax-increment financing ordinances for public hearing, schedules New Community Authority hearing Jan. 16
Summary
The council left on the agenda several ordinances that would create 19 incentive districts and enable tax-increment financing (TIF) and scheduled public hearings on the package and a petition to establish the London Gateway New Community Authority, citing required readings and the need for outside counsel review.
The London City Council left multiple ordinances related to a proposed tax-increment financing (TIF) plan and a petition to form the London Gateway New Community Authority on the agenda and scheduled public hearings rather than taking final action.
At third reading, the council reviewed ordinance 20724, which the clerk read by title as proposing creation of 19 incentive districts, declaring improvements within those districts to be a public purpose and authorizing service payments in lieu of taxes and a TIF agreement with Tomcat LLC. Council members agreed to schedule a public hearing for Jan. 16, 2025, during a regular meeting.
Council also reviewed related ordinances (including ordinance 2824 and ordinance 20924, as read by title) that would accept and immediately retransfer title to certain properties and establish an urban redevelopment tax-increment fund and associated TIF agreement under Ohio law. Council members repeatedly said they preferred to preserve the public-hearing schedule while allowing additional review by outside counsel and the finance committee before any final vote.
A related item, Resolution 21024, would determine that a petition to establish the London Gateway New Community Authority is sufficient under Ohio Revised Code section 349.03 and set the time and place for a hearing on that petition; the council put that resolution on the agenda for public hearing as part of the January public notice. Mr. West Smith was present for questions but council members had no further questions at the meeting.
Council members discussed procedural trade-offs, noting that tabling the ordinances would avoid repeat readings but could delay the public outreach timeline. Staff said the package contains multiple predicate ordinances and extensive documentation; council members said they want outside legal review and finance-committee discussion before a final action.
No ordinance was adopted at the meeting; the council left the TIF ordinances and the NCA petition on the agenda for the scheduled public hearing and further review.
