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Avon extends TIF#3 term by 30 years in unanimous vote
Summary
Council adopted Ordinance No. 62-26 to extend Tax Increment Financing (TIF#3) for an additional 30 years under cited Ohio Revised Code sections; the motion passed unanimously after suspension of rules.
Avon City Council unanimously adopted Ordinance No. 62‑26, extending the term of the Tax Increment Financing district TIF#3 for an additional 30 years under Ohio Revised Code Section 5709.51 and related statutes. Council voted to suspend the rules and act on the ordinance; the adoption motion passed 6–0.
The ordinance authorizes related actions pursuant to Ohio Revised Code sections 5709.40(B), 5709.42 and 5709.43. Finance Director Steve Presley was on the dais during the vote; Council did not record debate details in the minutes beyond the motion to suspend and adopt. The extension will affect the timing of future tax increment distributions connected to development within the TIF area; the ordinance passed as an emergency measure at second reading and was adopted after the suspension of the rules.
