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Council schedules public hearing June 1 on TIF#3 extension for 30 years
Summary
Council read Ordinance No. 62-26 on May 26, proposing to extend Tax Increment Financing for TIF#3 an additional 30 years under Ohio Revised Code §5709.51 and announced a public hearing for June 1, 2026.
At the May 26 meeting the Clerk read Ordinance No. 62-26, described as an ordinance to amend Ordinance No. 156-06 to extend the term of TIF#3 for an additional 30 years pursuant to Ohio Revised Code Section 5709.51. Council President Pro Tem Anthony Moore announced a public hearing on the matter to be held Monday, June 1, 2026. The Chair declared the ordinance to be in its first of three readings.
Council did not debate the substance of the TIF extension at this meeting. The ordinance's title as read cites statutory authority in Ohio Revised Code §§5709.40(B), 5709.42 and 5709.43; the announcement begins the formal public-notice and hearing process required for the proposed extension.
