Community reinvestment area definition

Community reinvestment area means an area within a municipal corporation or unincorporated area of a county for which the legislative authority of the municipal corporation or, for the unincorporated area, of the county, has adopted a resolution under section 3735.66 of the Revised Code describing the boundaries of the area and containing a statement of finding that the area included in the description is one in which housing facilities or structures of historical significance are located and new housing construction and repair of existing facilities or structures are discouraged.
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Community reinvestment area means an area within a 20
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Community reinvestment area or “CRA” shall mean the area as authorized by City Council eligible for residential tax abatement incentives in conformance with Section 3735.65 of the Ohio Revised Code (R.C.).
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Examples of Community reinvestment area in a sentence

  • The Board of Education of the Licking Heights Local School District approves this Community Reinvestment Area Agreement.

  • Except as otherwise provided herein, capitalized terms used herein shall have the same meanings as in the Community Reinvestment Area Agreement between TPA Group, LLC (“TPA”) and the City, made effective (the “CRA Agreement,”) a copy of which is attached hereto as Exhibit A and incorporated herein.

  • Furthermore, the Contracting Parties agree that German shall have the right, in its sole and absolute discretion, to grant all other incentive and real property tax exemptions within the District as otherwise permitted under the Ohio Revised Code, including requesting Enterprise Zone exemptions pursuant to Section 5709.63 of the Ohio Revised Code, or Community Reinvestment Area exemptions pursuant to Section 3735.67, granted by the County.

  • The Board of Education of the Southwest Licking Local School District approves this Community Reinvestment Area Agreement.

  • The intent of this Agreement is to lessen the impact of the real property tax exemptions granted under the Community Reinvestment Area Program on the Board.

  • Except as otherwise provided herein, capitalized terms used herein shall have the same meanings as in the Community Reinvestment Area Agreement between Xxxx Development, LLC (“Xxxx”) and the City, made effective (the “CRA Agreement,”) a copy of which is attached hereto as Exhibit A and incorporated herein.

  • The payment will include an itemization of the municipal income tax collections attributed to "new employees" employed as a result of the Community Reinvestment Area Agreement.

  • Xxxx has developed a policy to ensure recipients of Community Reinvestment Area tax benefits practice non-discriminating hiring in its operations.

  • The Company shall provide the City no later than February 28, for each year of the exemption, with a XXXX – Form 17 – Reconciliation of Income Tax Withheld and W-2 Transmittal documenting the number of employees and the total annual payroll for the preceding exemption year for the Community Reinvestment Area Project site.

  • The Village has been designated as a Community Reinvestment Area (“CRA”) by the Ohio Department of Development (“Department”).


More Definitions of Community reinvestment area

Community reinvestment area means the area designated by the Director of Development of the State of Ohio as Xxxxx Scioto Xxxxx Community Reinvestment Area.
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Community reinvestment area means an area within a 24
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Related to Community reinvestment area

  • Community restitution means compulsory service, without

  • CRA means the Canada Revenue Agency.

  • Community mental health center or "CMHC" means a facility offering a comprehensive array of community-based mental health services, including but not limited to, inpatient treatment, outpatient treatment, partial hospitalization, emergency care, consultation and education; and, certain services at the option of the center, including, but not limited to, prescreening, rehabilitation services, pre-care and aftercare, training programs, and research and evaluation.

  • NY Federal Reserve means the Federal Reserve Bank of New York.