Explanation
BACKGROUND: On February 13, 2006, the Columbus City Council approved ordinance No. 0276-2006, pursuant to Section 1710.02 (E) of the Ohio Revised Code, approving the creation of the Reauthorized Capital Crossroads Special Improvement District of Columbus, Inc., and approving the articles of incorporation for a non-profit corporation, Reauthorized Capital Crossroads Special Improvement District of Columbus, Inc., to govern the new district. The new district consists primarily of the existing Capital Crossroads Special Improvement District of Columbus, with the addition of some further properties (map attached). The existing district is governed by an existing non-profit corporation called Capital Crossroads Special Improvement District of Columbus, Inc. In order to make the transition from the old district to the new, expanded district more efficient and avoid duplication of efforts and expense this ordinance authorizes the existing corporation Capital Crossroads Special Improvement District of Columbus, Inc., pursuant to Ohio Revised Code Section 1710.02 (E) to amend its articles of incorporation to include the expanded boundaries. This process will allow the existing corporation to assume governance of the new, expanded district. In order to accomplish the above, this legislation will repeal Ordinance No. 0276-2006 and ask Council to accept the petitions and amended Articles of Incorporation of the existing Capital Crossroads Special Improvement District of Columbus, Inc. City Council is also being asked to approve the inclusion of City owned property as part of the Special Improvement District.
Emergency action is required to allow the Capital Crossroads Special Improvement District of Columbus, Inc. to continue the reauthorization of the Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation.
Title
To repeal Ordinance No. 0276-2006; to approve the Petition and the amended Arti...
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