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Council adopts amendment to Community Reinvestment Area ordinance
Summary
On its third reading council adopted Ordinance 54-2025, amending the city's Community Reinvestment Area ordinance tied to Ohio Revised Code sections for CRAs; the motion to adopt passed unanimously by recorded poll.
Council considered Ordinance 54-2025, titled in the minutes as "AN ORDINANCE AMENDING ORDINANCE NO 27-2019 WHICH IMPLEMENTED SECTIONS 3735.65 THROUGH 3735.70 OF THE OHIO REVISED CODE AND ESTABLISHED THE OLMSTED FALLS COMMUNITY REINVESTMENT AREA IN THE CITY OF OLMSTED FALLS." Mr. Chitester moved to adopt the ordinance on its third reading and Ms. Coy seconded; the poll recorded six ayes and zero nays and the motion carried.
The ordinance amends prior legislation implementing state statutory sections that govern Community Reinvestment Areas (CRAs) used to provide tax incentives for qualifying real-estate projects. The minutes record the adoption but do not print the ordinance’s amended language or the fiscal impacts; council did not record additional debate in the minutes.
