Explanation
BACKGROUND: Chapter 1710 of the Ohio Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts (SID), by non-profit corporations governed by trustees elected by the property owners for the provision of specified services in a designated district. In 2015 a petition to create a new SID in the University area to be known as the University District Special Improvement District (District) was approved by Council for a 5-year term. In 2020 members of the SID approved a reauthorization to continue SID services. The property owners initiated a one petition process in which the owners of at least 60% of the area of all real property located within the District signed, acknowledging that they supported the reauthorization of the Special Improvement District and their approval of the Base Plan for Public Services and Improvements (the Base Plan) delineating the services to be provided by the University District SID. This petition was accepted and approved by Columbus City Council by Ordinance 0800-2020, passed May 4, 2020, for a 5-year term. Subsequently, two Resolutions were approved by the City Council: 0066X-2020 on May 18, 2020 and 0102X-2020, passed on June 29, 2020. A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance No. 1894-2020, passed September 14, 2020 for a 5-year term from January 1, 2021 to December 31, 2025. Each assessment is to be returned to the SID for operational requirements as set forth in the Plan of Pubic Services and Improvements.
This legislation appropriates and approves the expenditure of that portion of assessments collected in FY 2023 that is to be returned to the SID. This legislation would also allow the Director of Development to enter into a contract with the University District Special Improvement District for disbursements of these funds.
Emergency designation is requested to prevent any interruption ...
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