Explanation
BACKGROUND:
This ordinance authorizes the Director of Development, or designee, to amend the Madison Township Joint Economic Development District Contract for the purpose of including certain additional township property within the district; approving the Second Amended and Restated Madison Township Joint Economic Development District Contract and approving an amendment to an 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, Township, and the Village executed the Madison Township Joint Economic Development District Contract (the “Original JEDD Contract”) effective June 30, 2010 for their mutual benefit and for the benefit of their residents and of the State of Ohio.
The City of Columbus, Madison Township, and the Village of Ashville, desire to facilitate the addition of the Expanded JEDD Area to the territory of the Original JEDD Area and the Current JEDD Area.
The Project Thor Additional Property, CT Residential Parcel, Northpoint Residential Parcel, Core5 Additional Property, and Northpoint Additional Property are referred to collectively herein as the “Expanded JEDD Area.”
EMERGENCY DESIGNATION: An emergency exists in that it is immediately necessary to amend the Madison Township Joint Economic Development District Contract for the purpose of including certain additional township property within the district; approve the Second Amended and Restated Madison Township Joint Economic Development District Contact and approve an amendment to an Annexation Moratorium Agreement.
FISCAL IMPACT: N/A
Title
To authorize the Director of the Department of Development, or designee, on behalf of the City of Columbus, to amend the Madison Township Joint Economic Development District Contract for the purpose of including certain additional township property, referred to as the Expanded JEDD Area, within the district; approve the Second Amended and Restated Madison Township Joint Economic Development District Contract; and approve an amendment to an Annexation Moratorium Agreement; and to declare an emergency. ($0.00)
Body
WHEREAS, 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, Township, and the Village executed the Madison Township Joint Economic Development District Contract (the “Original JEDD Contract”) effective June 30, 2010 for their mutual benefit and for the benefit of their residents and of the State of Ohio; and
WHEREAS, the City of Columbus, Madison Township, and the Village of Ashville, desires to facilitate the addition of the “Expanded JEDD Area” to the Original JEDD Area and the Current JEDD Area; and
WHEREAS, The Project Thor Additional Property, CT Residential Parcel, Northpoint Residential Parcel, Core5 Additional Property, and Northpoint Additional Property are referred to collectively herein as the “Expanded JEDD Area”; and
WHEREAS, an emergency exist in the usual daily operation of the Department of Development in that it is immediately necessary to authorize the Director, or designee, to amend the Madison Township Joint Economic Development District Contract for the purpose of including certain additional township property within the district, referred to as the Expanded JEDD Area; approve the Second Amendment and Restated Madison Township Joint Economic Development District Contract; and to approve an amendment to an Annexation Moratorium Agreement; for the immediate preservation of the public peace, health, property safety and welfare; NOW THEREFORE,
BE IT ORDAINED by the Council of the City of Columbus:
SECTION 1. That this Council hereby finds and determines that the amendment to the Madison Township Joint Economic Development District Contract; the Second Amendment and Restated Madison Township Joint Economic Development District Contract; and the amendment to an Annexation Moratorium Agreement is in the best interest of this City and its residents and will enhance economic development, create jobs and employment opportunities, and improve the economic welfare of the people in the City of Columbus, Township and Village.
SECTION 2. That this Council hereby approves the execution of the amendment to the Madison Township Joint Economic Development District Contract; the Second Amendment and Restated Madison Township Joint Economic Development District Contract; and an amendment to the Annexation Moratorium Agreement and authorizes the Director of the Department of Development, or designee, to execute the Amended JEDD Contract on behalf of this City substantially in the form attached hereto as with such non-material and/or non-adverse changes as may be deemed appropriate by the Director of Development and as attached hereto. Such execution on behalf of this City shall constitute conclusive evidence of this Council’s approval of any such changes. This Council further authorizes and directs the Development Director, or designee, to take any further actions, and to execute and deliver any further agreements, certificates or documents that are necessary, reasonable or appropriate to carry out the purpose of the Amended Madison Township Joint Economic Development District Contract.
SECTION 3. That the City Clerk, or her designee, is hereby authorized and directed to file with the Director of the Ohio Department of Development, in conjunction with the Village and Township, all documents required to be filed under O.R.C. Sections 715.72(O), including, without limitation, (i) a signed copy of the Amendment to the Madison Township Joint Economic Development District Contract, (ii) a description of the area to be added to the Original JEDD Area, including a map in sufficient detail to denote the specific boundaries of the area and to indicate any zoning restrictions applicable to the area, (iii) a certified copy of this Ordinance, (iv) a certificate from this City that the public hearing required by O.R.C. Sections 715.72(L)(2) were held, the date of the hearings, and evidence of publication of the notice of the hearings (v) a petition signed by the owner (s) of the JEDD Addition, and (vi) the petition signed by Developers as the only owners of a business located within the JEDD Addition.
SECTION 4. That this Council hereby consents, pursuant to O.R.C. 715.72(U), to the granting of tax exemptions in the Expanded JEDD Area, including but not limited to exemptions under O.R.C. Section 3735.67, notwithstanding anything to the contrary in the JEDD Agreement.
SECTION 5. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this Ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves nor vetoes the same.