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 known as (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 Special Improvement District (University District SID) within the boundaries of the map (attached). The property owners have initiated a one petition process in which the owners of at least 75% of the area of all real property located within the District signed, acknowledging that they are interested in the creation of a Special Improvement District and they approve of the Plan for Improvements and Services to be provided by the University District SID.
This legislation is the first of a series of actions required by Chapter 1710 of the Ohio Revised Code. City Council must approve the Petition and the Articles of Incorporation (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.
A companion piece of legislation will ask City Council to approve the Plan for Improvement and Services to be provided by the University District SID.
Emergency action is required to allow the University District Special Improvement District of Columbus, Inc. to continue to establish a Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the University District Special Improvement District of Columbus, Inc. Petition and Articles of Incorporation; and to declare an emergency.
Body
WHEREAS, Chapter 1710 of the Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts (SIDs), by non-profit corporations governed by trustees elected by the property owners for the provision of special services in a designated district; and
WHEREAS, the property owners located in the University District have initiated a petition to create the University District Special Improvement District of Columbus, Inc. and have filed the petition with the Columbus City Council along with the Articles of Incorporation of the University District Special Improvement District of Columbus, Inc. an Ohio non-profit corporation, created pursuant to Chapter 1702 of the Revised Code; and
WHEREAS, the Clerk of Columbus City Council finds that the property owners per the signed Petition, if authorized by this Council represents 75% of the area of all real property located within the District, all as provided by Section 1710.02 of the Revised Code; and
WHEREAS, it is the determination of the Columbus City Council that the Special Improvement District is a valuable tool for continuing to further economic development and a means of continuing to revitalize the University area; and
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to approve the Petition, and the Articles of Incorporation for the University Special Improvement District of Columbus, Inc., all for the immediate preservation of the public health, property, safety and welfare; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Petition for the creation of the University District Special Improvement District of Columbus, Inc. and the Articles of Incorporation of the University District Special Improvement District of Columbus, Inc., now on file with the Clerk of the Columbus City Council, and incorporated herein as an Attachment, are hereby approved.
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 days after its passage if the Mayor neither approves nor vetoes the same.