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Evendale council amends and adopts Community Reinvestment Area with 8‑year, 100% tax abatement
Summary
Evendale Village Council amended and adopted Ordinance 26‑08 to create a Community Reinvestment Area (CRA), changing the tax‑abatement term from an 8‑year 50% abatement to an 8‑year 100% abatement; council adopted the ordinance as an emergency and will forward it to the State of Ohio for review.
Evendale Village Council voted to amend and adopt Ordinance 26‑08, establishing a Community Reinvestment Area under provisions cited from the Ohio Revised Code and designating an administering officer and a Community Reinvestment Housing Council.
David (staff member) told council that the Community Investment Committee supported changing the previously discussed 8‑year, 50% tax abatement to an 8‑year, 100% abatement. "If you were to construct a new $500,000 home in the village, an 8‑year 100% tax abatement would be approximately 60 to $66,000," David said, describing the cumulative tax savings over eight years.
A motion to amend the ordinance to the 8‑year, 100% abatement was made by a council member (recorded as Committee member on the transcript) and seconded by Councilman Burke. The council then voted to adopt the emergency clause and to adopt Ordinance 26‑08 as an emergency; the chair declared the ordinance adopted and staff said it will be submitted to the State of Ohio for review, a process staff said typically takes one to two months.
Why it matters: a CRA with an enhanced abatement can make new construction and improvements more financially attractive to developers and property owners, potentially accelerating housing and redevelopment in the village while deferring local tax receipts during the abatement period.
Council discussion and context: council members and staff discussed transferability and prior amendments to the CRA language; staff confirmed they had provided both a clean and a redlined copy of the ordinance. At adoption, council members affirmed the amendment and passed the ordinance by roll-call votes with all members present voting in the affirmative, after which the mayor declared Ordinance 26‑08 adopted as an emergency. Staff said that, barring unexpected issues, the village could be "open for business" under the CRA by this fall.
Next steps: the ordinance record will go to the State of Ohio for its required review before the CRA can be implemented.
