Explanation
This ordinance authorizes the Director of the Department of Development to amend the Northern Pickaway Joint Economic Development District (hereinafter the “Northern Pickaway County JEDD”) Contract for the purpose of expanding the Northern Pickaway County JEDD boundaries to include the Coyne Additional Property and the VTRE Additional Property and approving amendments to the Harrison Township Annexation Moratorium Agreement.
Pursuant to Ohio Revised Code (“O.R.C.”) Chapter 715, including particularly O.R.C. 715.72 of current law (the “JEDD Act”), the City of Columbus, Harrison Township, and the Village of Ashville executed the Northern Pickaway Joint Economic Development District Contract (the “Original JEDD Contract”) effective August 30, 2007 for their mutual benefit and for the benefit of their residents and of the State of Ohio.
The City of Columbus, Harrison Township, Village of Ashville, Coyne Real Estate, LLC and VTRE Development, LLC desire to facilitate the expansion of the Northern Pickaway County JEDD boundaries to include Coyne’s additional property and VTRE’s additional property into the JEDD Area.
Coyne Real Estate, LLC (“Coyne”) has acquired, or plans to acquire, and desires to develop a parcel of land for commercial purposes (the “Project” or “Project Area”) at a site within the boundaries of the Township (the “Coyne Additional Property”) provided that the appropriate economic development incentives are available to support the economic viability of the Project. The Coyne Additional Property is currently located outside of the original JEDD Area.
VTRE Development, LLC (“VTRE”) has acquired, or plans to acquire, and desires to develop a parcel of land for commercial purposes (the “Project” or “Project Area”) at a site within the boundaries of the Township (the “VTRE Additional Property”) provided that the appropriate economic development incentives are available to support the economic viability of the Project. The VTR...
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