Ohio Administrative Code › Title 122:29 › Chapter 122:29-1 › Section 122:29-1-01 - Definitions

Current through all regulations passed and filed through July 1, 2024
Terms not otherwise defined in this
				rule have the meaning given to them in section
				122.09
				of the Revised Code.
(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.