Explanation
BACKGROUND:
This ordinance authorizes the Director of Development, or designee, to amend the Madison Township Joint Economic Development District Contract for the purpose of including certain additional township property within the district; approving the Second Amended and Restated Madison Township Joint Economic Development District Contract and approving an amendment to an Annexation Moratorium Agreement.
Pursuant to Ohio Revised Code (“O.R.C.”) Chapter 715, including particularly O.R.C. 715.72 of current law (the “JEDD Act”), the City of Columbus, Township, and the Village executed the Madison Township Joint Economic Development District Contract (the “Original JEDD Contract”) effective June 30, 2010 for their mutual benefit and for the benefit of their residents and of the State of Ohio.
The City of Columbus, Madison Township, and the Village of Ashville, desire to facilitate the addition of the Expanded JEDD Area to the territory of the Original JEDD Area and the Current JEDD Area.
The Project Thor Additional Property, CT Residential Parcel, Northpoint Residential Parcel, Core5 Additional Property, and Northpoint Additional Property are referred to collectively herein as the “Expanded JEDD Area.”
EMERGENCY DESIGNATION: An emergency exists in that it is immediately necessary to amend the Madison Township Joint Economic Development District Contract for the purpose of including certain additional township property within the district; approve the Second Amended and Restated Madison Township Joint Economic Development District Contact and approve an amendment to an Annexation Moratorium Agreement.
FISCAL IMPACT: N/A
Title
To authorize the Director of the Department of Development, or designee, on behalf of the City of Columbus, to amend the Madison Township Joint Economic Development District Contract for the purpose of including certain additional township property, referred to as the Expanded JEDD Area, within th...
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