Explanation
Background:
In late 2002, the city of Columbus became aware of development interest in the Hayden Run Corridor. The city responded to that interest by engaging in a cooperative dialogue with the development community, adjoining municipalities and townships, and various stakeholders that resulted in the Interim Hayden Run Corridor Plan and an unprecedented agreement from the developers to participate in the funding of infrastructure that will benefit the entire northwest quadrant of Franklin County. This ordinance authorizes the Director of Development to execute an agreement that will affirm the commitments and obligations of the city, the county and the developers based upon the Pay As We Grow Plan in the provision of critical infrastructure in the corridor.
Fiscal Impact:
The agreement establishes a $36.4 million infrastructure financing program for regional roadway needs that include $8 million in developer contributions, approximately $17 million in TIF revenues, and nearly $11 million in public sector commitments from Franklin County and the City of Columbus. The agreement also establishes a New Community Authority to help pay for basic city operations such as police and fire services and refuse collection.
Title
To authorize the Director of Development to enter into an agreement with the Franklin County Engineer's Office, MI Homes of Central Ohio, LLC, Dominion Homes, Inc., Huntington Tower Associates, LLC, and Lifestyle Communities Ltd to affirm financing commitments for infrastructure improvements based upon the Pay As We Grow Plan in the Hayden Run Corridor; and to declare an emergency.
Body
WHEREAS, in late 2002 the city of Columbus became aware of significant development interest in the central portion of the Hayden Run Corridor; and
WHEREAS, the city of Columbus responded to that interest by engaging in a cooperative dialogue with the development community, adjoining municipalities and townships, and various stakeholders; and
WHEREAS, that dialogue resulted in the Interim Hayden Run Corridor Plan adopted by City Council on June 14, 2004 to help ensure the coordination of land use and infrastructure development; and
WHEREAS, MI Homes of Central Ohio, LLC, Dominion Homes, Inc., Huntington Tower Associates, LLC and Lifestyle Communities, Ltd., (hereinafter Developers) and the Franklin County Engineers Office reached an unprecedented agreement with the City of Columbus to participate in funding for critical infrastructure and services that will benefit the entire northwest quadrant of Franklin County; and
WHEREAS, the parties to this Agreement recognize that the uniqueness of the developments contemplated by the rezonings in the Hayden Run Corridor presents an unparalleled opportunity for public and private participation in the funding and completion of infrastructure improvements; and
WHEREAS, in order to affirm the financing commitments for infrastructure improvements in the Hayden Run Corridor, the Memorandum of Understanding, in substantially the form on file with the City Clerk is hereby approved, with such changes as approved by the Director of Development which are not substantially adverse to the City, and which if made by the Director of Development, shall be conclusively evidenced by the execution of the Memorandum of Understanding by the Director of Development; and,
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, in that it is immediately necessary to authorize the Director of Development to enter into agreement with the Franklin County Engineer's Office, MI Homes of Central Ohio, LLC, Dominion Homes, Inc., Huntington Tower Associates, LLC, and Lifestyle Communities LTD., without delay so that planning and other actions can begin that are necessary to implement the Pay As We Grow Plan for the Hayden Run Corridor thereby preserving the public health, peace, property, safety and welfare;
Now, Therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of Development is hereby authorized to enter into an agreement with the Franklin County Engineer's Office, MI Homes of Central Ohio, LLC, Dominion Homes, Inc., Huntington Tower Associates, LLC, and Lifestyle Communities Ltd to affirm financing commitments for infrastructure improvements based upon the Pay As We Grow Plan in the Hayden Run Corridor.
Section 2. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.