Explanation
BACKGROUND:
This resolution is presented as a result of Columbus City Council Ordinance No. 1607-02, passed October 21, 2002, regarding the creation of the Jeffrey Place New Community Authority (the "Authority") and acknowledges that Authority as a body politic and corporate within the new community district (the "District") along with its associated Board of Trustees.
Jeffrey Place will provide traditional Neighborhood development to include over 850 residential units, a neighborhood school and hotel, retail space and over 300,000 square feet of office space. Total investment is estimated at over $200 million. The site encompasses 43 acres in Italian Village just north of downtown.
Jeffrey Place Development LLC; the developer, wishes to create the authority to set forth and administer real estate covenants, restrictions, community development charges and other plans regarding development, fees and obligations. A public hearing is required by law to establish a community authority.
FISCAL IMPACT:
No funding is required for this legislation.
Title
To resolve to declare the Jeffrey Place New Community Authority organized as a body politic and corporate, within the new community district, along with its associated Board of Trustees and to post notice of the Jeffrey Place New Community Authority's creation in the City Bulletin and notify the Board of County Commissioners of Franklin County; and to declare an emergency.
Body
WHEREAS, pursuant to Chapter 349 of the Revised Code, a petition (the "Petition") for the establishment of the Jeffrey Place New Community Authority (the "Authority") for a proposed new community district (the "District") was filed with the City of Columbus and accepted by Ordinance No. 1607-02 passed by this Council on October 21, 2002; and
WHEREAS, pursuant to Section 349.03 of the Revised Code, the Columbus City Council held a public hearing on November 25, 2002 after public notice was du...
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