Explanation
Background: This ordinance authorizes the Director of the Department of Development to enter into an economic development agreement with the City of Dublin relating to the development of approximately 277 acres located north of State Route 161/Post Road and west of Hyland-Croy Road, and which is proposed to be annexed to the City of Dublin. Contemporaneous herewith it is proposed that the Dublin Sewer and Water Contracts be amended to include within the Dublin service area the approximately 277 acres. The economic development agreement will provide for sharing of the income tax revenue generated from the property to be annexed.
Fiscal Impact: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to enter into an Economic Development Agreement with the City of Dublin, Ohio.
Body
Whereas, the City and Dublin have cooperated to provide shared development and growth opportunities for the two communities; and
Whereas, it is anticipated that approximately 277 acres adjacent to the City of Dublin will become annexed to the City of Dublin; and
Whereas, the City and Dublin have agreed to amend (i) that certain contract between Columbus and Dublin for water service, originally entered into on the 13th day of April, 1993 (the "Water Service Contract"), and (ii) that certain contract between Columbus and Dublin for sewage disposal services originally entered into on the 13th day of April, 1993 (the "Sewer Service Contract") to provide for the modification of the Dublin Exclusive Area by expanding that area into the Negotiated Area; and
Whereas, the City and Dublin have agreed to establish an area, "the Revenue Sharing Area," within the "Negotiated Expansion Area" of the Water Service Contract and the Sewer Service Contract whereby Dublin will have the exclusive right to annex the property; and
Whereas, the City and Dublin want to promote economic development and job creation opportunities within the Revenue Sharing Area; and
Whereas, the City and Dublin have proposed an Economic Development Agreement for the sharing of income tax revenue generated from the Revenue Sharing Area; and
Whereas, the City and Dublin have agreed to work cooperatively on important regional growth and safety issues to assure that regional growth and development is served properly and environmentally responsibly by centralized sewer systems, and the Parties have further agreed to cooperate in opposing the construction and use of alternative waste water treatment systems, such as land application systems, throughout the region and opposing the further expansion of other water and sewer service providers within the Revenue Sharing Area; now therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development be, and he is hereby, authorized to enter an Economic Development Agreement with the City of Dublin, Ohio to provide for the sharing of income tax revenue generated from property to be annexed to Dublin.
Section 2. That this Ordinance shall take effect and be in force immediately from and after the earliest period allowed by law.