An ordinance declaring the improvement to certain parcels of real property within the City to be a public purpose and exempt from taxation pursuant to ORC Section 5709.41; providing for the collection and deposit of service payments; specifying the purposes for which those service payments may be expended; authorizing a tax increment financing agreement with TDR Asset Management LLC or an affiliate; authorizing a school compensation agreement with the Boards of Education of the Berea City School District and the Polaris Career Center; and declaring an emergency.

An ordinance declaring the improvement to certain parcels of real property within the City to be a public purpose and exempt from taxation pursuant to ORC Section 5709.41; providing for the collection and deposit of service payments; specifying the purposes for which those service payments may be expended; authorizing a tax increment financing agreement with TDR Asset Management LLC or an affiliate; authorizing a school compensation agreement with the Boards of Education of the Berea City School District and the Polaris Career Center; and declaring an emergency.

An ordinance declaring the improvement to certain parcels of real property within the City to be a public purpose and exempt from taxation pursuant to ORC Section 5709.41; providing for the collection and deposit of service payments; specifying the purposes for which those service payments may be expended; authorizing a tax increment financing agreement with TDR Asset Management LLC or an affiliate; authorizing a school compensation agreement with the Boards of Education of the Berea City School District and the Polaris Career Center; and declaring an emergency.

Delivered: February 19, 2026
Ordinance No. 2026-16
Introduced By: Mayor Matthew J. Castelli

02/24/2026

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