How is the CIC established?

Articles of Incorporation

Pursuant to Ohio Revised Code Section 1724.04, a CIC is established by the filing and recording of Articles of Incorporation with the Ohio Secretary of State.


City Contract with the CIC

Pursuant to Ohio Revised Code Section 1724.10, a CIC can be an agent for the development of a municipal corporation, such as Munroe Falls. In that regard, the City can contract with the CIC to develop properties owned by the City within the municipality.

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1. What does the CIC plan to do with the funding?
2. What is a CIC able to do?
3. How is the CIC established?
4. How is Munroe Falls’s CIC configured?
5. Is the CIC accountable?
6. Why is the CIC being activated now?
7. Will the CIC use it’s funding for other purposes?
8. What are the benefits of a CIC?
9. Are there limitations?