Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
Commissioners create incentive districts and authorize tax-exemption framework under state law
Summary
The board approved a resolution creating incentive districts in unincorporated Stark County and declaring improvements within them to be a public purpose, invoking Ohio Revised Code Sections 5709.77–5709.81, 5709.83 and 5709.85; the motion passed 3-0.
The Stark County Board of Commissioners on June 17 voted to create incentive districts in unincorporated parts of Stark County and to adopt a tax-exemption framework for qualifying improvements. The resolution declares improvements within the designated incentive districts to be a public purpose and exempts those improvements from real property taxation for a specified period, while requiring owners to make annual service payments in lieu of taxes and establishing a redevelopment tax equivalent fund.
The resolution incorporates non-discriminatory county hiring policies for recipients of the tax exemption and authorizes related actions pursuant to Ohio Revised Code Sections 5709.77 through 5709.81, 5709.83 and 5709.85. Commissioners approved the resolution by recorded unanimous vote.
The minutes record the passage of the resolution but do not specify which parcels or districts will be included or the length of the tax-exemption period; those implementation details will be set in follow-up actions and filings.
