Explanation
The Weinland Park-University/Area F Community Reinvestment Area creation ordinance (Ordinance 1939-2006, amended by Ordinance 2156-2011, Ordinance 1716-2012, Ordinance 0643-2015, Ordinance 2196-2018, and Ordinance 2781-2018) needs to be amended to incorporate language that addresses the circumstances under which parcel(s) outside of the original CRA boundaries but subsequently combined with parcels within the CRA will be deemed to be within CRA and to incorporate clarifying language to exemption requirements.
FISCAL IMPACT
No fiscal impact. There is no funding required for this legislation.
Title
To amend several sections of Ordinance Number 1939-2006 regarding the Weinland Park CRA to set forth the circumstances under which a combined parcel resulting from the combination of a parcel within the original CRA boundaries and parcel(s) outside of the original CRA boundaries will be deemed to be within the CRA; and to further clarify exemption requirements.
Body
WHEREAS, Resolution No. 1698-78, approved August 3, 1978, authorized the Department of Development to carry out a Community Reinvestment Program, pursuant to Sections 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and
WHEREAS, Ordinance 1939-2006 created the Weinland Park-University/Area F Community Reinvestment Area and authorized real property tax exemptions within it, as provided per Ohio Revised Code; and
WHEREAS, amendments have been made to the Weinland Park-University/Area F Community Reinvestment Area boundaries, as well as other provisions, since its creation by Ordinance 2156-2011, Ordinance 1716-2012, Ordinance 0643-2015, Ordinance 2196-2018, and Ordinance 2781-2018; and
WHEREAS, the need to add clarifying language to the boundary description exists to address the treatment of parcel combinations and to clarify the circumstances under which a combined parcel resulting from the combination of a parcel within the original CRA boundaries and parcel(s) outside of the original CRA boundaries will be deemed to be within CRA.; and
WHEREAS, the need to add additional language outlining the exemptions requirements for the CRA exists; and
WHEREAS, it has become necessary in the usual daily operation of the Department of Development to amend the Weinland Park CRA;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That Section 2 of Ordinance 1939-2006, setting forth the boundaries of the Weinland Park-University/Area F Community Reinvestment Area, as amended by Ordinance 2156-2011, Ordinance 1716-2012, Ordinance 0643-2015, Ordinance 2196-2018, and Ordinance 2781-2018, is hereby amended as follows:
Pursuant to ORC Section 3735.66, the Weinland Park-University/Area F Community Reinvestment Area is hereby established in the following described area:
North: Bounded by Hudson Street (including the rear property lines on the north side of Hudson Street).
South: Bounded by East Fifth Avenue (including rear property lines on the south side of East Fifth Avenue).
West: Bounded by High Street (including rear property lines on the west side of High Street between West Fifth Avenue and East Eleventh Avenue; and between West Lane Avenue and West Hudson Street); Pearl Alley between Chittenden Avenue and East Woodruff Avenue; and between East Frambes Avenue and East Lane Avenue. Tuller Street between East Woodruff Avenue and East Frambes Avenue.
East: Interstate 71 and Cleveland Avenue between East Fifth Avenue and East Third Avenue.
The parcels within the Community Reinvestment Area are listed in Exhibit A. The area of the Community Reinvestment Area is approximately depicted on the map attached to this Ordinance, marked Exhibit B. Each of these Exhibits by this reference is incorporated herein.
In the event that an owner of a parcel within the Community Reinvestment Area combines the parcel within the Community Reinvestment Area with adjoining parcel(s) outside the Community Reinvestment Area, the resultant combined parcel shall be deemed to be within the Community Reinvestment Area only if (1) the parcel that was within the Community Reinvestment Area prior to the parcel combination constitutes at least fifty percent of the total parcel area of the combined parcel; (2) the parcels were combined into the parcel number listed in Exhibit C to be included in the Community Reinvestment Area; and (3) the parcel(s) that were combined with the parcel inside of the Community Reinvestment Area are all contiguous with and adjacent to the parcel within the Community Reinvestment Area.
Only properties that are residentially zoned pursuant to the Columbus City Codes or are located on a parcel for which a variance permitting residential use has been granted will be eligible for exemptions under this program. For purposes of ORC Sections 3735.65 to 3735.70, rental housing, including without limitation rental housing located in a structure containing multiple residential housing units, is classified as residential.
Section 2. That Section 4 of Ordinance 1939-2006, as amended by Ordinance 2156-2011, Ordinance 1716-2012, and Ordinance 2196-2018, is hereby repealed and replaced with the following:
A tax exemption on the assessed valuation of new structure(s) or in the increased assessed valuation of existing structure(s) after remodeling, resulting from improvements as described herein shall be granted upon proper application by the property owner, filed with the Housing Officer no later than two years after construction completion, and certification thereof by the designated Housing Officer for the following periods:
:
(a) For a development project that consists of remodeling structures containing not more than three (3) family units:
One hundred percent (100%) for fifteen (15) years if the area is designated Ready for Opportunity, Ready for Revitalization, or Market Ready.
(b) For construction of a new development project containing not more than three (3) family units:
• One hundred percent (100%) for fifteen (15) years if the area is designated Ready for Opportunity or Ready for Revitalization.
• If the area is designated Market Ready, one hundred percent (100%) for fifteen years only if all units within the development project are Affordable Housing Units (as the term Affordable Housing Unit is defined in Section 4565.02(A)), with the exemption revocable upon transfer of title to the structure or any of the units if not in conformity with deed restrictions for affordability. For development projects containing three (3) family units, one (1) Affordable Housing Unit must be affordable to occupants whose annual household income is up to eighty percent (80%) AMI, and two (2) Affordable Housing Units must be affordable to occupants who annual household income is up to one hundred percent (100%) AMI. For development projects containing two (2) family units, one (1) Affordable Housing Unit must be affordable to occupants whose annual household income is up to eighty percent (80%) AMI, and one (1) Affordable Housing Unit must be affordable to occupants who annual household income is up to one hundred percent (100%) AMI. For structures that constitute one affordable housing unit, the Affordable Housing Unit must be affordable to occupants whose annual household income is up to eighty percent (80%) AMI.
(c) For remodeling of a development project or construction of a new development project containing four (4) or more family units:
• One hundred percent (100%) for fifteen (15) years if the area is designated Ready for Opportunity.
• One hundred percent (100%) for fifteen (15) years if the area is designated Ready for Revitalization or Market Ready, subject to and contingent upon the owner of the structure and the City entering into a written agreement as described in Section 4565.07 or 4565.08, prior to the commencement of construction.
Designation of the Weinland Park Community Reinvestment Area as a Ready for Opportunity Area, a Ready for Revitalization Area, or a Market Ready Area shall be made by the Development Director pursuant to Section 4565.03.
The tax exemptions provided for herein shall further be governed by the terms and conditions contained in Chapter 4565 of the Columbus City Codes, including any amendments thereto, as well as the requirements contained in Sections 3735.65 to 3735.70 of the Ohio Revised Code, including the minimum investment requirements set forth therein. For a remodeling development project, including one with multiple structures, the cost of remodeling of any structure containing not more than two (2) family units must be at least two thousand five hundred dollars ($2500) or twenty percent (20%) of the assessed value of the structure, whichever is more. For a remodeling development project, including one with multiple structures, the cost of remodeling any structure containing more than two (2) family units must be at least five thousand dollars ($5000) or twenty percent (20%) of the assessed value of the structure, whichever is more.
Section 3. All other provisions of Ordinance Number 1939-2006 regarding the Weinland Park CRA remain effective as adopted prior to this ordinance.
Section 4. The Mayor of the City of Columbus is hereby authorized to submit such documentation to the Director of the Ohio Development Services Agency as is necessary to confirm the findings herein.
Section 5. The Director of Development is hereby authorized and directed to submit such documentation to the Franklin County Auditor, the Franklin County Treasurer, and any other officer necessary to implement the findings and provisions of this Ordinance.
Section 6. That this ordinance shall take effect and be in force from and after the earliest date allowed by law.