Community Reinvestment Area Commercial & Industrial Application

ANY DELINQUENT TAXES TO THE STATE OF OHIO OR VAN WERT COUNTY?
PRESENT NUMBER OF EMPLOYEES AT PROJECT SITE
PROPOSED NUMBER OF EMPLOYEES AT PROJECT SITE
ANY RELOCATION OF ASSETS FROM OUT OF STATE?
ANY RELOCATION OF ASSETS WITHIN THE STATE OF OHIO?
ANY RELOCATION OF ASSETS WITHIN THE COUNTY?
IF YES, PLEASE EXPLAIN
BUSINESS'S REASON FOR REQUESTING TAX INCENTIVES (BE QUANTITATIVELY SPECIFIC AS POSSIBLE)
ESTIMATE OF INVESTMENTS AT PROJECT SITE
CERTIFICATION
THE APPLICANT BELIEVES THE INFORMATION CONTAINED HEREIN IS COMPLETE AND CORRECT TO THE BEST OF HIS/HER KNOWLEDGE AND BELIEF
THE APPLICANT UNDERSTANDS THAT INITIATION OF THE PROJECT PRIOR TO FORMAL APPROVAL MAY JEOPARDIZE THE AGREEMENTS
THE APPLICANT AGREES TO SUPPLY ADDITIONAL INFORMATION UPON REQUEST
AN OHIO DEPARTMENT OF DEVELOPMENT FEE OF $750.00 MUST ACCOMPANY EACH APPLICATION AND IS REFUNDABLE UNTIL IT IS FORWARDED TO THE STATE
COMMUNITY REINVESTMENT AREAS (CRA) ARE AREAS OF LAND IN WHICH PROPERTY OWNERS CAN RECEIVE TAX INCENTIVES FOR INVESTING IN REAL PROPERTY IMPROVEMENTS. THIS PROGRAM BENEFITS PROPERTY OWNERS WHO RENOVATE EXISTING OR CONSTRUCT NEW BUILDINGS
RESIDENTIAL, COMMERCIAL AND INDUSTRIAL PROJECTS ARE ELIGIBLE. RESIDENTIAL (2 UNITS OR LESS) REMODELING OR NEW CONSTRUCTION OF $2,500.00 OR MAY RECEIVE A 50% REAL PROPERTY EXEMPTION OF THE IMPROVEMENTS ONLY FOR 6 YEARS
RESIDENTIAL (MORE THAN 2 UNITS) PROJECTS WITH A MINIMUM RENOVATION INVESTMENT OR NEW CONSTRUCTION OF $5,000.00 MAY RECEIVE A 50% REAL PROPERTY ABATEMENT OF THE IMPROVEMENTS FOR UP TO 10 YEARS. ALL PROJECTS ARE NEGOTIATED ON A PROJECT SPECIFIC BASIS
THE APPLICATION AND ABATEMENT PROCESS FOR RESIDENTIAL PROJECTS DIFFER FROM COMMERCIAL AND INDUSTRIAL PROJECTS. IF A PROJECT INVOLVES THE RENOVATION OR CONSTRUCTION OR RESIDENTIAL BUILDINGS, THE WORK IS COMPLETED PRIOR TO MAKING APPLICATION FOR THE TAX INCENTIVES. ONCE COMPLETED AND THE APPLICATION IS FILLED OUT, THE DESIGNATED HOUSING OFFICER WILL INSPECT THE IMPROVEMENTS TO ASSURE THAT THEY MEET THE ABATING CRITERIA. IF APPROVED, THE LOCAL SCHOOL DISTRICT IS NOTIFIED AND THE APPLICATION IS CERTIFIED TO THE COUNTY AUDITOR. THE ABATEMENT BECOMES EFFECTIVE FOR THE TAX YEAR FOLLOWING THE YEAR IN WHICH IT WAS CERTIFIED TO THE COUNTY AUDITOR
COMMERCIAL, INDUSTRIAL AND RESIDENTIAL PROJECTS GREATER THAN TWO UNITS INVOLVE A NEGOTIATED AGREEMENT THAT MUST BE IN PLACE PRIOR TO STARTING A PROJECT. THE INCENTIVE LEVELS AND TERMS OF THE AGREEMENT WILL BE NEGOTIATED, AND THERE IS NOTIFICATION TO THE AFFECTED SCHOOL DISTRICT
FOR INFORMATION, CALL 419-238-2999