The area or areas to be included in a joint economic development district shall meet all of the following criteria:
(A) The area or areas shall be located within the territory of one or more of the contracting parties and may consist of all of that territory.
(B) No electors shall reside within the area or areas on the effective date of the contract creating the joint economic development district, as determined under section 715.77 of the Revised Code.
(C) The area or areas shall not include any parcel of land owned in fee by or leased to a municipal corporation or township, unless the municipal corporation or township is a contracting party or has given its consent to have the parcel of land included in the district by the adoption of an ordinance or resolution.
Effective Date: 11-15-1995; 2008 HB562 09-22-2008