Explanation
BACKGROUND: The Columbus City Council passed Ordinance 0349-2005 on April, 4, 2005 establishing the Hayden Road North and the Hayden Road South TIF Incentive Districts (TIF District) benefiting parcels near the Hayden Run Road area pursuant to Section 5709.40(C) of the Ohio Revised Code. That Ordinance also declared the improvements to certain parcels of real property located within the corporate boundaries of the City to be a public purpose and exempt from taxation, required the owner of each parcel to make service payments in lieu of taxes, and specified public infrastructure improvements made, to be made or in the process of being made that directly benefit, or that once made will directly benefit, those parcels.
A road was constructed (a continuation of Hayden Run Blvd.) in the northeast corner of the Hayden Run South TIF District cutting off a pie shaped parcel which was combined into a larger parcel (010-265636) in the Hayden Run North TIF District (Exhibit A map). Due to this combination the entire larger parcel no longer holds TIF exemption status.
The purpose of this legislation is to amend Ordinance 0349-2005 to adjust the boundaries of the Hayden Road North & South TIF Incentive to reestablish the TIF exemption status for a combined parcel.
FISCAL IMPACT: No City funding is required for this legislation.
Title
To amend Ordinance 0349-2005 by adjusting the boundaries of the Hayden Run North and Hayden Run South TIF Incentive Districts to reestablish the TIF exemption status for a combined parcel; and to declare an emergency.
Body
WHEREAS, Sections 5709.40(C), 5709.42 and 5709.43 of the Ohio Revised Code authorize this Council, by ordinance, to declare the improvements to certain parcels of real property located within the corporate boundaries of the City to be a public purpose and exempt from taxation, and to require the owner of each parcel to make service payments in lieu of taxes, and to specify public infrastructure improvements made, to be made or in the process of being made that directly benefit, or that once made will directly benefit, those parcels; and
WHEREAS, pursuant to Ordinance 0349-2005, passed on April, 4, 2005, this Council established the Hayden Road North and the Hayden Road South TIF Incentive Districts (TIF District) benefiting parcels near Hayden Run Road area pursuant to Section 5709.40(C) of the Ohio Revised Code; and
WHEREAS, a newly constructed stretch of Hayden Run Blvd. in the northeast corner of the Hayden Run South TIF District severed a pie shaped piece of land which was combined into a larger parcel (010-265636) in the Hayden Run North TIF District (Exhibit A map); and
WHEREAS, due to this combination the entire parcel (010-265636) no longer holds TIF exemption status; and
WHEREAS, the need exists to amend Ordinance 0349-2005 to adjust the boundaries of the Hayden Road North & South TIF Incentive Districts to reestablish the TIF exemption status for parcel (010-265636), the combined parcel; and
WHEREAS, the need exists to amend the southern boundary of the Hayden Run North TIF District to extend to the southern boundary of parcel 010-265636 between Eagle River /Cross River Falls and Silver Falls Blvd., and the boundary of the Hayden Run South TIF District be amended so that the new boundary is the northern boundary of parcel 010-289111 between Eagle River/Cross River Falls and Silver Falls St.; and
WHEREAS, an emergency exists in that this Ordinance is required to be immediately effective so that the TIF exemption for a large parcel in the Hayden Run North TIF District may be reestablished by the filing deadline, such immediate action being necessary for the preservation of the public health, peace, property and safety; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That Ordinance 0349-2005 is hereby amended by adjusting the southern boundary of the Hayden Run North TIF District to extend to the southern boundary of parcel 010-265636 between Eagle River/Cross River Falls and Silver Falls St., and by adjusting the boundary of the Hayden Run South TIF District so that the boundary is the northern boundary of parcel 010-289111 between Eagle River/Cross River Falls and Silver Falls St., as illustrated in Exhibit A attached to this ordinance.
SECTION 2. 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 (10) days after passage if the Mayor neither approves nor vetoes the Ordinance.