Explanation
BACKGROUND: This Council is being asked to approve the Petition, and the Articles of Incorporation of the University Special Improvement District of Columbus, Inc., an Ohio not-for-profit corporation organized pursuant to ORC 1710.
The Petition and Articles of Incorporation are on file with the Clerk of the Columbus City Council.
In 2015 a petition to create a new SID in the University area to be known as the University District Special Improvement District (SID) was approved by Council. The property owners initiated a petition process in which the owners of at least 75% of the area of all real property located within the District signed, acknowledging that they are interested in the creation of the University Special Improvement District and they approved of the Plan for Improvements and Services to be provided by the
University SID. The petition was accepted and approved by Columbus City Council by Ordinance 0641-2015, passed on March 23, 2015.
The current term of the University Special Improvement District will conclude in December 2020.
A one petition process has been initiated in which at least 60% of the property owners within the District signed that they are interested in reauthorizing the SID and they approve of the plan for improvements and services to be provided by the SID.
This legislation is the first of four actions required by Chapter 1710 of the Ohio Revised code to reauthorize.
Emergency action is requested to allow the University District Special Improvement District of Columbus, Inc. to continue the reauthorization of their Special Improvement District without interruption.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the University District Special Improvement District of Columbus, Inc., Petition and Articles of Incorporation and the inclusion of the properties owned by the City of Columbus in said district; and to declare an emergency.
Body
WHEREAS, Chapter 1710 of the Revi...
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