Explanation
BACKGROUND: In 1999 the Short North Special Improvement District of Columbus, Inc. was created by the property owners in a defined area of High Street in the Short North. The SID was created for a 12 year period and was very successful. The twelve-year SID period concludes in December, 2011 and now the property owners wish to reauthorize the SID, with slightly different boundaries, but again still called the Short North Special Improvement District (map attached). The property owners have initiated a one petition process in which at least 60% of the property owners within the District signed that they approve of the reauthorization of the SID and they approve of the plan for improvements and services to be provided by the SID (plan for improvements and services attached).
Companion legislation is being presented that approves the petition and articles of incorporation of the Short North Special Improvement District of Columbus, Inc. and the inclusion of properties owned by the City of Columbus in the district.
This legislation is for the approval of the Plan for Improvement and Services to be provided by Short North Special Improvement District, Inc. pursuant to Ohio Revised Code Chapter 1710. This legislation is also for the approval of the properties of the municipal corporation in said plan for improvements and services and approving the City of Columbus' cost share.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the plan for improvements and services to be provided by the Short North Special Improvement District, Inc.; to approve the properties of the municipal corporation in said plan for improvements and services; and to approve the City of Columbus cost share.
Body
WHEREAS, the property owners located in the Short North area have initiated a petition to create the Special Improvement District (SID) and to approve the plan for improvements and services and have filed the petitions with...
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