Explanation
BACKGROUND:
Ordinance 0472-2009, passed April 6, 2009, created the Petzinger Road Community Reinvestment Area (CRA). Following its review of the city's Petition for Area Certification for the new CRA, the Ohio Department of Development requested that language contained within Section 3735.67 of the Ohio Revised Code which establishes minimum threshold investments for abated properties located within the boundaries of the new CRA be added to the relevant sections of the ordinance. An additional section to the ordinance is also being added which will designate the city's Department of Development's Housing Administrator as the Housing Officer designated to implement and administer the provisions of the ordinance as cited in Sections 3735.65 through 3735.70 of the Ohio Revised Code.
FISCAL IMPACT:
No funding is required for this legislation.
Title
To amend Ordinance 0472-2009, passed April 6, 2009, creating the Petzinger Road Community Reinvestment Area for the purpose of including language from the Ohio Revised Code as well as the inclusion of an additional Section designating the Development Department's Housing Administrator as the designated Housing Officer.
Body
WHEREAS, ordinance 0472-2009, passed April 6, 2009, created the Petzinger Road Community Reinvestment Area (CRA); and
WHEREAS, following its review of the city's Petition for Area Certification the State's Department of Development requested the inclusion of language within Section 3735.67 of the Ohio Revised Code be added to relevant sections of the ordinance establishing minimum threshold investments for abated properties located within the boundaries of the Petzinger Road CRA; and
WHEREAS, an additional Section to Ordinance 0472-2009 is being added which designates the city's Department of Development's Housing Administrator as the Housing Officer designated to implement and administer the provisions of the of the ordinance as cited in Sections 3735-65 through 3735.70 of the Ohio Revised Code; Now, Therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That Section 3 of Ordinance 0472-2009 is hereby amended to read as follows.
Section 3. A tax exemption on the increase in the assessed valuation, resulting from improvements as described herein, shall be granted upon proper application by the property owner and approval by the designated Housing Officer.
Abatement terms and percentages are as follows:
(a) One hundred percent (100%) for ten (10) years for the remodeling of:
* owner-occupied dwellings containing not more than two housing units and upon which the remodeling cost is at least twenty percent (20%) of the current assessed value of the existing structure (excluding land) as determined by the County Auditor for the tax year prior to the improvement and upon which the cost of remodeling is at least $2500.00, as described in ORC Section 3735. 67;
* rental housing, containing not more than two housing units, upon which the remodeling cost is at least fifty percent (50%) of the current assessed value of the existing structure (excluding land) as determined by the County Auditor for the tax year prior to the improvement and upon which the cost of remodeling is at least $2500.00, as described in ORC Section 3735.67;
* conversion of rental housing to owner-occupied housing, containing not more than two units, upon which the remodeling cost is at least fifty percent (50%) of the current assessed value of the existing structure (excluding land) as determined by the County Auditor for the tax year prior to the improvement;
* conversion of existing commercial property containing not more than two units, to owner-occupied housing units upon which the remodeling cost is at least fifty percent (50%) of the current assessed value of the existing structure (excluding land) as determined by the County Auditor for the tax year prior to the improvement.
(b) One hundred percent (100%) for twelve (12) years for the remodeling of:
* owner-occupied dwellings containing more than two housing units and upon which the remodeling cost is at least twenty percent (20%) of the current assessed value of the existing structure (excluding land) as determined by the County Auditor for the tax year prior to the improvement and upon which the cost of remodeling is at least $5000.00 as described in ORC Section 3735.67;
* existing rental housing, containing more than two housing units, upon which the remodeling cost is at least fifty percent (50%) of the current assessed value of the existing structure (excluding land) as determined by the County Auditor for the tax year prior to the improvement and upon which the cost of remodeling is at least $5000.00 as described in ORC Section 3735.67;
* conversion of rental housing to owner-occupied housing, containing more than two units, upon which the remodeling cost is at least fifty percent (50%) of the current assessed value of the existing structure (excluding land) as determined by the County Auditor for the tax year prior to the improvement.
* conversion of existing commercial property containing more than two units, to owner-occupied housing units upon which the remodeling cost is at least fifty percent (50%) of the current assessed value of the existing structure (excluding land) as determined by the County Auditor for the tax year prior to the improvement.
(c) Fifty percent (50%) for fifteen (15) years for:
* construction of new owner-occupied and rental dwellings .
* construction of new owner-occupied and rental dwellings containing more than two housing units.
A pre-application will be required to insure the compatibility with neighborhood plans and to insure the maintenance of existing streetscape lines, style, scale setbacks and landscaping features compatible with neighborhood.
Section 2. That Ordinance 0472-2009 is hereby amended to include the following Section:
Section 9. To administer and implement the provisions of this Ordinance, the Administrator of the Department of Development's Housing Division is designated as the Housing Officer as described in Sections 3735.65 through 3735.70 of the Ohio Revised Code.
Section 3. This Ordinance shall take effect and be in force from and the earliest period allowed by law.