North Ridgeville Housing Council Agenda June 2024
CRA Tax Abatement Maintained for Rhenium Alloys Inc
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Description
The City of North Ridgeville has an ongoing Community Reinvestment Area (CRA) agreement with Rhenium Alloys, Inc., providing 15 years of tax abatement starting in 2012, with 100% abatement initially and reductions starting in 2022.
Contract Details
Vendor
RHENIUM ALLOYS INC
Agency
City of North Ridgeville, OH
Contract Type
OTHER
Document Date
June 12, 2024
Contract Term
2012 / 15 yrs
Renewal Date
2026-12-31
Renewal Info
15-year term started in 2012, abatement phases out annually after 2021 and ends 2026.
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