Explanation
BACKGROUND: In 2003 the Discovery District Development Corporation asked Capitol South Community Urban Redevelopment Corporation to initiate an effort to work with Discovery District property owners to create a Special Improvement District on the east side of downtown. Property owners were surveyed and overwhelmingly were in support of the proposal and created the Discovery Special Improvement District (Discovery SID). The Discovery SID has operated successfully since its inception and the property owners now wish to reauthorize for an additional five year period, with slightly different boundaries (Map Attached).
In reauthorizing the Discovery SID, property owners are initiating a one petition process in which property owners representing at least 60% of the frontage of property, per Ohio Revised Code Chapter 1710 (ORC Chapter 1710) within the District, sign a Petition approving the Plan for Improvements and Services to be provided by the Discovery SID (Petition Attached). This legislation is the first of a series of actions required by ORC 1710 to reauthorize the Discovery SID.
City Council is being asked to approve the Petition, and the Articles of Incorporation of the Discovery Special Improvement District of Columbus, Inc., an Ohio not-for-profit corporation organized pursuant to ORC Chapter 1710.
Companion legislation is being presented simultaneously that approves the Plan for Improvements and Services of the Discovery SID.
City Council is also being asked to approve the inclusion of City owned property as part of the Discovery Special Improvement District.
Emergency action is required to allow the Discovery Special Improvement District of Columbus, Inc. to reauthorize the Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the Discovery Special Improvement District of Columbus, Inc., Petition and Articles of Incorporation and the inclusion of the properties ...
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