Explanation
BACKGROUND: In 1999 the Capital South Community Urban Redevelopment Corporation, the Greater Columbus Chamber of Commerce, and the Columbus Department of Trade and Development initiated an effort to work with downtown property owners to create a Special Improvement District (SID) in the core area of downtown. Property owners were surveyed and overwhelmingly were in support of creating a SID. In 2000 the Capital Crossroads Special Improvement District of Columbus (the Capital Crossroads SID) was created for a five year term. Due to the success of the Capital Crossroads SID, it was reauthorized in 2006, 2011, and 2016.
The property owners within the Capital Crossroads SID at this time wish to authorize an overlapping “Transit Services Plan” as a plan for improvements and services applicable only to non-residential and non-parking properties within the Capital Crossroads SID. A one petition process has been initiated in which the owners of at least 60% of the front footage within the portion of the Capital Crossroads SID covered by the Transit Services Plan signed that they are interested in having the Transit Services Plan adopted and they approve of the improvements and services to be provided by the Capital Crossroads SID under the Transit Services Plan. This legislation is one of the first actions required by Chapter 1710 of the Ohio Revised Code to authorize the Transit Services Plan.
This Council is being asked to approve a Petition to Adopt the Transit Services Plan (the Petition) (Attached). The Petition is on file with the Clerk of the Columbus City Council.
This Council is also being asked to include the properties owned by the City of Columbus within the Capital Crossroads SID as properties covered by the Transit Services Plan.
Emergency action is required to allow the Capital Crossroads SID to obtain the public improvements and public services described in the Transit Services Plan in a timely manner.
FISCAL IMPACT: No funding is re...
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