Title
A RESOLUTION ACCEPTING THE RECOMMENDATIONS OF THE TAX INCENTIVE REVIEW COUNCIL TO CONTINUE COMMUNITY REINVESTMENT AREA AGREEMENTS AND JOB CREATION GRANT PROGRAM AGREEMENTS WITH THE CITY OF HUDSON, COUNTY OF SUMMIT.
Brief Description: The City has established a Tax Incentive Review Council (TIRC) to periodically review each existing Community Reinvestment Area (CRA) and Job Creation Grant Agreement for compliance and to make recommendations to continue, modify or terminate each of the agreements. The duly appointed TIRC met on April 8, 2021, reviewed each CRA and Job Creation Grant Agreement and made certain recommendations to City Council.
Body
Legislative History
City Council reviews existing CRA and Job Creation Grant Agreements annually and passes legislation to continue, modify, or terminate each of the agreements.
Purpose & Explanation
See attached TIRC minutes from April 8, 2021, meeting for summary of existing CRA and Job Creation Grant Agreements and recommendations.
The TIRC reviewed the following CRA Agreements and recommended they be continued:
1. Mental Health Partners, LLC (dba Assurance Health)
2. ForTec Medical
3. Hudson 21, LLC
4. Hudson 125, LLC
5. RAMCO Associates, LLC
6. Face-Off, LLC (WBC Group, dba Boxout, LLC)
The TIRC reviewed the following Job Creation Grant Agreement and recommended it be continued:
1. OnSearch Partners
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Does this legislation require use of an emergency clause?
Yes
X No
Recommendation
Suggested Action
Staff recommends that Council accept the recommendation of the TIRC regarding continuation of the aforementioned CRA and Job Creation Grant Agreements.
Submitted by,
Jane Howington, City Manager
James M. Stifler, Economic Development Director