Explanation
BACKGROUND: In 1999 the Short North Special Improvement District of Columbus, Inc. (SID) 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 initial twelve-year SID period concluded in December, 2011 and was reauthorized for a 5 year term which will conclude in July of this year 2016. The property owners wish to reauthorize the SID for another 5 year term. 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. This legislation is one of the first actions required by Chapter 1710 of the Ohio Revised Code.
This Council is being asked to approve the Petition to reauthorize and the Articles of Incorporation of the Short North Special Improvement District, Inc., an Ohio not-for-profit corporation organized pursuant to Chapter 1710 of the Revised Code.
The Petition, Articles of Incorporation and Plan of Services are on file with the Clerk of the Columbus City Council.
This Council is being asked to also approve the inclusion of City owned property as part of the Special Improvement District.
Emergency action is required to allow the Short North Special Improvement District, Inc to continue the establishment of a Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the Short North Special Improvement District, Inc. Petition and Articles of Incorporation and the inclusion of the properties owned by the City of Columbus in said district; and to declare an emergency.
Body
WHEREAS, Chapter 1710 of the Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts (SIDS), by non-profit corporations governed by trustees electe...
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