LEGAL NOTICE AN ORDINANCE IMPLEMENTING SECTIONS 3735.65 THROUGH 3735.70 OF THE OHIO REVISED CODE, ESTABLISHING AND DESCRIBING THE BOUNDARIES OF A COMMUNITY REINVESTMENT AREA IN THE CITY OF ZANESVILLE, OHIO. Whereas, the City of Zanesville, Ohio (“City”) desires to pursue all reasonable and legitimate incentive measures to assist and encourage development in specific areas of the City that have not enjoyed reinvestment from remodeling or new construction; and Whereas, a survey of housing (“Housing Survey”) of the area described and depicted in Exhibit A attached hereto and incorporated herein by this reference (“Area”) has been prepared as required by Ohio Revised Code (“R.C.”) Section 3735.66, a copy of which survey is on file with the City; and Whereas, the maintenance of existing and construction of new structures in such area would serve to encourage economic stability, maintain real property values, and generate new employment opportunities; and Whereas, the Council for the City (“Council”) has determined that the construction of new structures and the remodeling of existing structures in the Area is a public purpose, and would encourage the creation of retention of employment opportunities and would benefit the overall economic health of the City; and Whereas, the City desires to designate the Area as the “Zanesville Northwest Community Reinvestment Area” (the “CRA”) pursuant to R.C. Sections 3735.65 through 3735.70 (the “Act”) to encourage such development. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL FOR THE CITY OF ZANESVILLE, OHIO, THAT: Section 1. The CRA constitutes an area in which developable land exists where housing facilities or are located, and in which new construction or repair of existing facilities has not been encouraged. Section 2. This Council hereby establishes the CRA pursuant to the Act, with boundaries as described and depicted in Exhibit A. Only residential, commercial, and/or industrial properties consistent with the applicable zoning regulations within the designated CRA will be eligible for exemptions pursuant to this Ordinance. Section 3. All properties identified in Exhibit A as being within the designated Community Reinvestment Area are eligible for this incentive (the city/village may determine that all or any combination of project types – residential, commercial and industrial as eligible). This proposal is a public/private partnership intended to promote and expand conforming uses in the designated area. As part of the project, the City Zanesville intends to undertake supporting public improvements in the designated area. Section 4: Within the CRA, the percentage of the tax exemption on the increase in the assessed valuation resulting from improvements to commercial and industrial real property and the term of those exemptions shall be negotiated on a case-by-case basis in advance of construction or remodeling occurring pursuant to R.C. Section 3735.67. The results of the negotiation as approved by this Council will be set in writing in a CRA Agreement as outlined in R.C. Section 3735.671. For residential property, a tax exemption on the increase in the assessed value resulting from the improvements as described in R.C. Section 3735.67 shall be granted upon application by the property owner and certification thereof by the designated Housing Officer (as defined herein) for the following periods: a. Fifteen (15) years for the remodeling of every residential dwelling unit upon which the cost of remodeling is at least $2,500, as described in R.C. Section 3735.67, and with such exemption being seventy-five percent (75%) for each of the fifteen (15) years. b. Up to, and including, fifteen (15) years, and up to, and including, one hundred percent (100%) for the remodeling of existing commercial and industrial facilities and upon which the cost of remodeling is at least $5,000 as described in R.C. Section 3735.67, the term and percentage of which shall be negotiated on a case-by-case basis in advance of remodeling occurring. c. Fifteen (15) years for the construction of new residential dwelling units, with such exemption being seventy-five percent (75%) for each of the fifteen (15) years. d. Up to, and including, fifteen (15) years, and up to, and including, one hundred percent (100%) for the construction of new commercial or industrial facilities, the term and percentage of which shall be negotiated on a case-by-case basis in advance of construction occurring. For the purposes of the above described CRA, structures exclusively used for residential purposes shall be classified as residential structures. If remodeling qualifies for an exemption, during the period of the exemption, the exempted percentage of the dollar amount of the increase in market value of the structure shall be exempt from real property taxation. If new construction qualifies for an exemption, during the period of the exemption, the exempted percentage of the structure shall not be considered to be an improvement on the land on which it is located for the purpose of real property taxation. Section 5. To administer and implement the provisions of this Ordinance, the Director of Community Development (the “Director”) is designated as the Housing Officer as described in the Act. Section 6. The City’s Community Reinvestment Area Housing Council (“Housing Council”) shall make an annual inspection of the properties within the CRA for which an exemption has been granted under R.C. Section 3735.67. The Housing Council shall also hear appeals related to the CRA under R.C. Section 3735.70. The City’s Tax Incentive Review Council (“TIRC”) shall review annually the compliance of all agreements involving the granting of exemptions for commercial or industrial real property improvements under R.C. Section 3735.671 and make written recommendations to the Council as to continuing, modifying, or terminating said agreement based upon the performance of the agreement. Section 7. The Mayor and/or Director are hereby authorized to take any and all actions required by the Act for the establishment of the CRA consistent with the requirements of the Act and this Ordinance. Section 8. The Council hereby finds and determines that all formal actions relative to the passage of this Ordinance were taken in an open meeting of this Council, that all deliberations of this Council and of its committees, if any, which resulted in formal action were taken in meetings open to the public, in full compliance with the applicable legal requirements, including R.C. Section 121.22. Section 9. That this ordinance shall take effect and be in force from and after the earliest period allowed by law and upon confirmation by the Director of the Ohio Development Services Agency of the findings in this ordinance. (ZTR,Nov.9,16,'25#11821885)