Explanation
BACKGROUND:
Ordinance 2156-2011, passed December 5, 2011, created the Weinland Park - University/ Area F Community Reinvestment Area (CRA). Following its review of the city's Petition for Area Certification for the new CRA, the Ohio Department of Development requested that language providing eligibility for new construction rental for a broader area within the CRA be added. After careful consideration of the issue, the eligibility for new construction rental has been provided for the entire CRA.
Emergency action is being requested so that this correction can take effect as soon as possible in order to coincide with the original ordinance's initial implementation.
FISCAL IMPACT:
No funding is required for this legislation.
Title
To amend Ordinance 2156-2011, passed December 5, 2011, amending and extending the Weinland Park-University Area F Community Reinvestment Area for the purpose of revising the area of eligibility for new construction rental abatement; and to declare an emergency.
Body
WHEREAS, Ordinance 2156-2011, passed December 5, 2011, amended the Weinland Park- University Area F Community Reinvestment Area (CRA); and
WHEREAS, following its review of the City's Petition for Area Certification the State's Department of Development requested that language providing eligibility for new construction rental for a broader area within the CRA be added be added to the ordinance; and
WHEREAS, emergency action is being requested so that this correction can take effect as soon as possible in order to coincide with the original ordinance's initial implementation thereby preserving the public health, safety, and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That Section 2 of Ordinance 2156-2011 is hereby amended to read as follows.
Section 2. Pursuant to ORC Section 3735.66, The CRA established by the Original CRA Ordinance is hereby reaffirmed in the foll...
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