Explanation
BACKGROUND: The Director of the Department of Development entered into an agreement with the Short North Special Improvement District, Inc. for professional services for the establishment of a Special Improvement District (SID) on North High Street from the railroad viaduct at the Convention Center north to Smith Place. The first petition to create the SID and Articles of Incorporation was approved by City Council by Ordinance No. 1839-98, passed July 13, 1998. City Council also approved the Plan for Improvements and Services to be provided by the Short North SID by Resolution No. 32X-99, passed March 22, 1999. The necessity to implement the Plan of Improvements and Services and to levy a special assessment for the improvements and services was approved by City Council by Resolution No. 49X-99, passed April 22, 1999. A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance No. 1719-99, passed July 12, 1999. A portion of each assessment is to be returned to the SID for operational requirements as set forth in the District Plan.
This legislation appropriates and approves the expenditure of that portion of assessments collected in FY 2008 that is to be returned to the SID. This legislation would also allow the Director of Development to enter into a contract with the Short North Special Improvement District, Inc.
FISCAL IMPACT: Funds for this expenditure will be received from the levy of assessments collected from property owners in the Short North Special Improvement District. These funds are deposited into and expended from Agency Fund 306.
Title
To authorize and direct the Director of the Department of Development to enter into a contract with the Short North Special Improvement District, Inc. for the implementation of services and improvements set forth in the District Plan; to authorize the City Auditor to appropriate and expend up to $125,000 from assessments ...
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