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File #: 1959-2004    Version:
Type: Ordinance Status: Passed
File created: 10/27/2004 In control: Development Committee
On agenda: 11/22/2004 Final action: 11/24/2004
Title: To adopt the Hayden Run Corridor Economic Development Plan as a guide for future economic development and in support of a tax increment financing district and to declare an emergency.
Attachments: 1. ORD1959-2004 Hayden Run ED Plan.pdf, 2. ORD1959-2004 Hayden Run EDP - Exhibit A map.pdf
Explanation
 
BACKGROUND:
 
The Department of Development is proposing the establishment of an incentive district under Section 5709.40(C) of the Ohio Revised Code.  The proposed district is in Hayden Run Corridor area. One of the prerequisites for the creation of an incentive district is adoption by City Council of a written Economic Development Plan.
 
 
FISCAL IMPACT:  No funding is required for this legislation.
 
 
 
 
Title
 
To adopt the Hayden Run Corridor Economic Development Plan as a guide for future economic development and in support of a tax increment financing district and to declare an emergency.
 
 
 
Body
 
               WHEREAS, Section 5709.40 of the Ohio Revised Code authorizes the legislative authority of a municipal corporation to create, by ordinance, an incentive district and declare improvements within that district to be of public purpose; and
 
WHEREAS, an incentive district must contain distress characteristics which may be defined as inadequate public infrastructure, as evidenced by a written economic development plan; and
 
WHEREAS, the Planning Division of the Department of Development has studied the Hayden Run area west of I-270 and prepared the Hayden Run Corridor Economic Development Plan, which is itself an outgrowth of the council-adopted 2004 Interim Hayden Run Corridor Plan; and
 
WHEREAS, recommendations included in the Hayden Run Corridor Economic Development Plan address such issues as growth, land use, parkland, public facilities and infrastructure; and
 
WHEREAS, through the 21st Century Growth Team process, Columbus has established a new approach to financing public facilities and infrastructure in growth areas, entitled Pay As We Grow, and
 
WHEREAS, the Pay As We Grow initiative calls for consideration of varied and innovative financing tools including tax increment financing; and  now, therefore,
 
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to pass this ordinance as an emergency measure because of  the need that the Hayden Run Corridor Economic Development Plan be in effect at the time City Council considers an ordinance establishing the TIF district for the preservation of the public health, peace, property, safety, and welfare; now therefore
 
 
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
 
 
           Section 1.     That the Hayden Run Corridor Economic Development Plan is hereby adopted by adopted by this Council.
 
          Section 2.     That the Department of Development and all departments and divisions of the City administration are hereby authorized and directed to use the Hayden Run Corridor Economic Development Plan to initiate projects that will implement the provisions of the plan, including the establishment of a tax increment financing district to provide financing for public infrastructure improvements.
 
           Section 3.     That copies of the Hayden Run Corridor Economic Development Plan shall be kept on file in the Department of Development, Planning Division.
            
            Section 4.     That this ordinance shall take effect and be in force from and after the earliest period allowed by law.  That for the reasons stated in the preamble hereto, which is hereby made a paart hereof, this ordinance is hereby 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 passage if  the Mayor neither approves nor vetoes the same.