Explanation
BACKGROUND:
This legislation is a resolution of support for Cristo Rey Columbus High School in its efforts to receive Ohio State Historic Preservation Tax Credits for the redevelopment of the former Ohio School for the Deaf at 400 East Town Street.
This resolution illustrates Columbus' continued support to encourage reinvestment in and rehabilitation of the city's historic structures. The tax credit is an important financing tool that makes a variety of historic preservation projects economically feasible.
FISCAL IMPACT:
There are no costs to the City of Columbus associated with this resolution.
Title
A resolution of support for Cristo Rey Columbus High School in its efforts to receive Ohio State Historic Preservation Tax Credits for the redevelopment of the former Ohio School for the Deaf at 400 East Town Street; and to declare an emergency.
Body
WHEREAS, the Ohio Department of Development operates the Ohio State Historic Preservation Tax Credit program which awards additional points within its scoring system to projects that are consistent with local government strategic plans; and
WHEREAS, by indicating City Council's support of this project and its belief that this project is consistent with the plans to continue revitalizing the Discovery District and center city, it is Council's intent to assist the Cristo Rey Columbus High School in receiving Ohio State Historic Preservation Tax Credits to help fund the renovation of the Old Deaf School; and
WHEREAS, Ohio has a significant untapped resource of 3,700 National Register-listed properties, 3rd most nationally; and
WHEREAS, the Ohio Historic Preservation Tax Credit stimulates the opportunity to take advantage of more federal tax incentives; and
WHEREAS, City Council believes that this project is consistent with the downtown strategic plan, the Discovery District's success and in-line with the commitment of the City of Columbus to the downtown area; and
WHEREAS, an emergency exists in the usual daily operation of City of Columbus in that it is immediately necessary to express its support for support for Cristo Rey Columbus High School in its efforts to receive Ohio State Historic Preservation Tax Credits for the redevelopment of the former Ohio School for the Deaf at 400 East Town Street, now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City of Columbus supports Cristo Rey Columbus High School in its efforts to receive Ohio State Historic Preservation Tax Credits for the redevelopment of the former Ohio School for the Deaf at 400 East Town Street.
Section 2.That for reasons stated in the preamble hereto, which is hereby made a part hereof, this resolution is declared to be an emergency measure and shall take effect and be in force from and after its adoption and approval by the Mayor, or ten days after adoption if the Mayor neither approves nor vetoes the same.