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Council advances TIF ordinance to declare property improvement a public purpose
Summary
Ordinance 2026-637, which would declare certain property improvements a public purpose and establish a tax-increment financing mechanism, was read on third reading and advanced by roll call; council members discussed redevelopment opportunities tied to TIF funding.
The council took up Ordinance 2026-637, described by staff as a measure to declare improvements to specific real property a public purpose and to establish annual service payments and a municipal tax increment financing mechanism under cited sections of the Ohio code.
Council members heard a brief presentation that tied the ordinance to local redevelopment efforts (including a targeted Arco property) and to the city's economic-development planning. Members discussed the need for continued committee review and for engaging county government and financing advisors on TIF mechanics; one council member said she had spoken with a county financial advisor about TIF administration.
A motion was made and seconded on the ordinance’s reading and a roll-call vote was recorded in the meeting transcript with multiple 'Yes' responses from council members present, moving the ordinance forward in the process.
