Explanation
Background: This ordinance authorizes the Director of Development to enter into a Joint Economic Development District Contract with the Township of Prairie in Franklin County, Ohio in order to provide for long term joint economic development and job creation within the southwestern area of Franklin County. The creation of the Prairie Township Joint Economic Development District (the "JEDD") will further promote the interest of the City in developing this area and is a top priority for the Township. Prairie Township has been among the key partners of the City of Columbus in establishing and implementing the Big Darby Accord Watershed Master Plan.
Fiscal Impact: The City will incur no direct costs in connection with the JEDD other than those anticipated in a future income tax administration agreement between the JEDD and the City of Columbus, and those anticipated costs will be fully covered in that contract. The City stands to benefit from a share of revenues resulting from the JEDD.
Title
To authorize the Director of the Department of Development to enter into a contract for the establishment of the Prairie Township Joint Economic Development District with the Township of Prairie in Franklin County, Ohio.
Body
Whereas, the City of Columbus has engaged in discussions with the Township of Prairie, Franklin County, Ohio about joining in promoting economic development and job creation opportunities in southwestern Franklin County; and
Whereas, pursuant to Ohio Revised Code Sections 715.72 through 718.81 (the "JEDD Statutes"), the City and the Township have negotiated the Joint Economic Development District Contract in the form now on file with the City Clerk (the "JEDD Contract") creating the Prairie Township Joint Economic Development District (the "JEDD") encompassing the territory described in Exhibit A attached to the JEDD Contract; and
Whereas, pursuant to the JEDD Statutes the City published notice of the time and pl...
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