Explanation
This Ordinance repeals Ordinance No. 3358-2022 due to clerical errors and amends Ordinance No. 1871- 2022 to modify the boundaries of the existing Far West Broad Community Reinvestment Area ("CRA") and extend real property tax exemptions for residentially zoned parcels within the expanded boundaries. There is a need to amend the current boundaries to encourage new housing construction and the repair of existing facilities or structures. All exhibits referenced in this Ordinance are on file with the City Clerk’s office.
Title
To repeal Ordinance No. 3358-2022 due to clerical errors and to amend Ordinance No. 1871-2022 for the Far West Broad Community Reinvestment Area to align with the updates located in Chapter 4565 of the Columbus City Codes; to modify its geographic boundaries; to provide that the City’s existing Community Reinvestment Area Housing Council shall serve as the Housing Council for the Far West Broad Community Reinvestment Area.
Body
WHEREAS, the City of Columbus has established a goal of fostering private sector investment to build mixed income neighborhoods dispersed throughout the City; and
WHEREAS, Ordinance No. 1698-78, approved August 3, 1978, authorized the Department of Development to carry out a Community Reinvestment Program, pursuant to Sections 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and
WHEREAS, Ordinance No. 3279-2021 created the Far West Broad Community Reinvestment Area ("CRA") and authorized real property tax exemptions within it, as provided per Ohio Revised Code; and
WHEREAS, since the creation of the Far West Broad CRA in Ordinance No. 3279-2021, the boundaries of the Far West Broad CRA have been amended by Ordinance No. 1871-2022; and
WHEREAS, Ordinance No. 1871-2022 amended the Far West Broad CRA to adopt the revised residential incentive policy codified in Chapter 4565 of the Columbus City Code and to modify its geographic boundarie...
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