Explanation
BACKGROUND: Chapter 1710 of the Ohio Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts, by non-profit corporations governed by trustees elected by the property owners for the provision of special services in a designated district. The City of Columbus currently has four Special Improvement Districts (SIDS), they are the Capital Crossroads SID, Discovery SID, Short North SID, and the Morse Road SID. All have been very successful and all have been reauthorized attesting to that success. We now have a petition to approve a new SID in the University area to be known as the "University District SID". The property owners have initiated a one petition process in which the property owners of at least 75% of the area of all real property located within the District signed that they are interested in the creation of a SID and they approve of the Plan for Improvements and Services to be provided by the SID.
This legislation is one of the first actions required by Chapter 1710 of the Ohio Revised Code. City Council must approve the Initial Plan of Improvements and Services (attached) of the University District Special Improvement District of Columbus, Inc., an Ohio not-for-profit corporation organized pursuant to Chapter 1702 of the Revised Code.
Companion legislation is being presented that approves the Petition and the Articles of Incorporation of the University District Special Improvement District.
This legislation is for the approval of the Plan for Improvement and Services to be provided by the University District Special Improvement District of Columbus, Inc. pursuant to Ohio Revised Code Chapter 1710.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the Initial Plan for Improvements and Services to be provided by the University District Special Improvement District of Columbus, Inc.
Body
WHEREAS, the property owners located in the University area have initiated a petition to create the University District Special Improvement District (SID) and to approve the Initial Plan for Improvements and Services and have filed the Petition with the Columbus City Council along with the Articles of Incorporation for Special Improvement District, Inc. a non-profit corporation to be responsible for the operation of the SID; and
WHEREAS, companion legislation to approve the Petition and Articles of Incorporation to create the Special Improvement District, Inc. is simultaneously being presented to Columbus City Council; and
WHEREAS, this legislation is for the approval of the Plan for Improvements and Services to be provided by the University District Special Improvement District of Columbus, Inc. pursuant to Ohio Revised Code Chapter 1710; and
WHEREAS, the Clerk of Columbus City Council finds the property owners per the signed petition and the City per this resolution represents at least seventy-five percent (75%) of the of the area of all property located in the University District Special Improvement District per Section 1710.02; and
WHEREAS, it is the determination of the City Council that the Special Improvement District is a valuable tool for economic development and a means of continuing to improve the University District area; NOW, THEREFORE,
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the attached Initial Plan of Improvements and Services, including the estimate of cost of the improvements and services to be provided by the University District Special Improvement District of Columbus, Inc., now on file with the Clerk of Columbus City Council, and all of which are incorporated herein as an Attachment are hereby approved.
SECTION 2. That the Clerk of Columbus City Council is hereby directed to post a copy of this Resolution in the Office of the Clerk of Columbus City Council as provided by the Ohio Revised Code, Chapter 1710.
SECTION 3. That this Resolution shall take effect and be in force from and after the earliest period allowed by law.