Workshop
1. Discussion of Establishing an Abatement Plan and Policy
Council met in a special meeting to discuss setting an abatement policy for potential businesses who might consider Rittman as a possible location and would want to know what the city could offer them in terms of tax incentives.
Interim City Manager Boggs advised he put together a worksheet as a starting point for discussing what Council would be willing to offer potential businesses. Boggs advised he was using Orrville’s plan as a guide and he believed they offer up to 15 years abatement maximum.
It was noted, the maximum number of years for an Enterprise Zone was 10 years.
Boggs advised his goal was to discuss the local incentives as that was the area in which they would have more control.
Discussion revolved around the number of years they wished to offer prospective businesses as well as the percentage of abatement for those specified years.
The general consensus from those Council Members present in the meeting was to allow 5 yrs. at 50% abatement for $100,000. investment and 10 yrs. at 50% abatement for a $500,000. investment.
Boggs indicated he would work on drafting something for Council’s consideration which would be similar to what Orrville has adopted. He advised Council would still approve each abatement individually, but indicated this would give him a starting point.

Motion to Adjourn - 8:10 p.m.
Telford so moved, all Yeas on roll call and motion carried.