Explanation
BACKGROUND: Franklin County Auditor tax parcel ID’s 010-220083, 010-247888, 010-296370, 010-301660, 545-294042, 545-175661, and 545-291670 (collectively, the “New Community Authority Site”) are owned or controlled by Hamilton Crossing, LLC; The New Albany Company; Center State Enterprises LLC; HQ Flats Phase I LLC; HQ Flats Phase II LLC; and HQ Flats Phase III LLC (collectively, the “Developers”). Pursuant to Ordinance 2189-2020 passed by Council on October 5, 2020, the Director of the Department of Development entered into the First Partial Amendment to Economic Development Agreement dated January 29, 2021 amending the Economic Development Agreement dated September 24, 2015 (together, the “EDA”) with the Hamilton Crossing, LLC; The New Albany Company; Center State Enterprises LLC; and Casto AP Residential, LLC to reaffirm and outline the plans and respective commitments of the parties for the fulfillment of establishing the Hamilton Crossing Community Authority (the “Authority”) in relation to the New Community Authority Site. On February 22, 2022, a petition for the organization of the Authority (the “Petition”) was filed by the Developers with the Clerk of City Council. By Resolution 0032X-2022 passed March 7, 2022, City Council, as the organizational board of commissioners described and required by Chapter 349 of the Ohio Revised Code, determined the sufficiency of the Petition, authorized public notices, and set a public hearing date for March 31, 2022 on the Petition. This resolution establishes the Authority; defines the boundaries of the Hamilton Crossing Community District; declares the Authority as a body politic and corporate within the new community district along with its associated board of trustees; makes the City’s initial appointments to the Authority’s board of trustees and fixes surety for their bonds; and authorizes notice of the Authority in the City Bulletin.
Emergency Justification: Emergency action is requested to immediately ...
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