Explanation
BACKGROUND: In 1999 the Capitol South Community Urban Redevelopment Corporation, the Greater Columbus Chamber of Commerce and the Columbus Department of Trade and Development initiated an effort to work with downtown property owners to create a Special Improvement District (SID) in the core area of downtown. Property owners were surveyed and overwhelmingly were in support of creating a SID. The SID was created for a five (5) year period and was very successful. The 5 year period concluded in 2006 and the property owners started again with the creation of another SID, with slightly different boundaries, but still called the Capital Crossroads Special Improvement District. In 2011 the SID was reauthorized for another 5 years. The property owners initiated a one petition process in which at least 60% of the property owners within the District signed that they were interested in forming a SID and approving the Articles of Incorporation. This petition was accepted and approved by Columbus City Council by Ordinance 0338-2011, passed March 14, 2011. Another action required by the Ohio Revised Code is the approval of the Plan of Improvements and Services and the inclusion of City owned property in said plan. This legislation was approved by Columbus City Council by Resolution 0025X-2011, passed March 14, 2011. The third piece of legislation was to declare the necessity to implement the Plan of Services adopted by the Capital Crossroads Special Improvement District of Columbus, Inc., and to levy a special assessment for the services. This legislation was approved by Columbus City Council by Resolution 0046X-2011, passed April 4, 2011. A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance 0936-2011, passed June 20, 2011. Each assessment is to be returned to the SID for operational requirements as set forth in the District Plan.
This legislation appropriates and approves the expenditure of assessments collected in Fiscal Year 2013 that are to be returned to the SID. This legislation also allows the Director of Development to enter into a contract with the Capital Crossroads Special Improvement District of Columbus, Inc. for disbursement of these funds.
FISCAL IMPACT: Funds for this expenditure will be received from the levy of assessments collected from property owners in the Capital Crossroads Special Improvement District. These funds are deposited into and expended from Agency Fund 307.
Title
To authorize the Director of the Department of Development to enter into a contract with the Capital Crossroads Special Improvement District of Columbus, Inc. for the implementation of services set forth in the District Plan; to direct the City Auditor to appropriate and expend up to $2,280,000.00 from assessments levied from property owners; and to declare an emergency. ($2,280,000.00)
Body
WHEREAS, City Council approved the creation and implementation of a plan for services for the Capital Crossroads Special Improvement District of Columbus, Inc. for a period of 5 years from July 1, 2011 through June 30, 2016; and
WHEREAS, City Council has also levied assessments in accordance with the Ohio Revised Code, Chapter 1710 for such purposes, which funds are in the process of collection and are required by law to be distributed to the District by the City; and
WHEREAS, the assessment funds collected by the County and forwarded to the City for disbursement will be available in March 2013; and
WHEREAS, emergency action is necessary because the Capital Crossroads SID needs this money to operate its' organization and to fund its' initiatives in a timely manner; and
WHEREAS, there is an emergency in the usual daily operation of the City, requiring the distribution of such funds, and for the further 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 Director of the Department of Development is hereby authorized to enter into a contract with the Capital Crossroads Special Improvement District of Columbus, Inc. for the implementation of services previously approved by City Council.
Section 2. That the City Auditor is hereby authorized to expend from the year 2013 appropriation to the Capital Crossroads SID Fund 307, Object Level One 05, Object Level Three 5911, OCA 441307, for the operations requirements set forth in the District Plan from assessments levied pursuant to Resolution 0046X-2011 an amount not to exceed $2,280,000.00 for assessments, penalties and fees.
Section 3. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
Section 4. That for the reasons stated in the preamble hereto, which is hereby made a part 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.