Ohio Admin. Code 122:29-1-01 - Definitions
(A)
"Authority" means the tax credit authority created
pursuant to division (M) of section
122.17
of the Revised Code.
(B)
"Amendment" means any allowed modification to the
project, as described in an approved application including changes in property
owners, timeline for completion, and changes in financing.
(C)
"Connected
buildings" means two or more buildings that either share a common wall or are
connected by an enclosed passage, including a skyway, walkway, atrium, or
vestibule.
(D)
"Contiguous parcels" means two or more parcels that are
adjacent, meaning each parcel sharing a common boundary with at least one of
the other parcels, or that would be adjacent but for a right-of-way separating
the two or more parcels.
(E)
"Director" means the director of the development
services agency of the state of Ohio or its successor.
(F)
"Eligible
expenditures" means development costs as defined by section
122.09
of the Revised Code and identified in the application materials, which are
associated with the portion of the project that is certified by the authority
and do not include expenditures incurred for other phases of the
transformational mixed use development. Eligible expenditures include
architectural or engineering fees paid or incurred in connection with the
project. Except for architectural and engineering fees paid or incurred in
connection with the project, only expenses incurred after the date of
application are eligible expenditures.
(G)
"Major city"
means a municipal corporation that has a population greater than one hundred
thousand as identified by the most recent population estimates by the U.S.
census bureau.
(H)
"Major factor" means the tax credits are essential in
the decision to begin the project or the project would not be completed without
receipt of the tax credits.
(I)
"Project" means
only the portion of the transformational mixed use development submitted by the
applicant for certification of tax credits or portion of the transformational
mixed use development certified by the authority. A "project" may include one
or more phases of a transformational mixed use development and may have one or
more property owners.
(J)
"Property owner" has the same meaning as owner as
defined in division (A)(2) of section
122.09
of the Revised Code. An entity that has fully owned subsidiaries that are
property owners in a project or exerts common control over multiple property
owners in a project may elect to apply as the property owner for purposes of
the tax credit.
(K)
"Surrounding area" means, for a project located within
ten miles of a major city determined by starting from the corporate boundary of
the major city and extending out ten miles from that boundary, the area
encompassed within a perimeter starting from the transformational mixed use
development boundary and extending one-half mile out from that boundary. For a
project not located within ten miles of a major city, surrounding area means
the area encompassed within a perimeter starting from the transformational
mixed used development boundary and extending two miles out from that
boundary.
(L)
"Structured parking" means a parking structure either
connected to or independent from a building with two or more levels or floors.
This structure may be above-ground or underground.
(M)
"Viable financial
plan" means a complete sources and uses of funding for the proposed project,
including anticipated development costs and architectural or engineering fees
for that project.
Notes
Promulgated Under: 119.03
Statutory Authority: 122.09(O)
Rule Amplifies: 122.09
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