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RESOLUTION SHOWING MARION CITY COUNCIL’S SUPPORT TO THE OHIO GENERAL ASSEMBLY TO RENEW THE OHIO HISTORIC PRESERVATION TAX CREDIT
Whereas, 111 applications for the Ohio Historic Preservation Tax Credit have generated a projected $1.2 billion in private investment, and
Whereas, historic rehabilitation projects are more labor intensive than new construction projects, and incentives for rehabilitation projects should be promoted to create more jobs; and
Whereas, Ohio has significant untapped resource of 3,700 National Register-listed properties, 3rd most nationally; and
Whereas, the Ohio Historic Preservation Tax Credit stimulates the opportunity to take advantage of more federal tax incentives; and
Whereas, the greenest building is the one that has already been built; and
Whereas, there are 31 states that have programs offering historic tax credits; and
Whereas, the Ohio Historic Preservation Tax Credit has had a positive impact in large and small communities throughout ever region of the State, with projects having been approved in 27 large and small communities in 26 counties; and
Whereas, the reuse of historic buildings makes Ohio competitive in the global market as we create vibrant, hip communities that will attract and retain our youth and bright, creative entrepreneurs of all ages.
NOW THEREFORE BE IT RESOLVED by the Council of the City of Marion, Marion County, Ohio
Section 1. The Council of the City of Marion, Ohio supports the renewal of the 25% Ohio Historic Preservation Tax Credit.
Section 2. That this resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, welfare and safety of said City and for the further reason that it is necessary for the daily operation of the City and as such shall take effect and be in force immediately upon its passage and approval by the Mayor, provided it receives the affirmative vote of two-thirds of all members elected to Council; otherwise it shall become effective from and after the earliest period allowed by law.
Approved: President of Council
Mayor Scott Schertzer
Clerk of Council