Explanation
Background: Columbus City Council passed Ordinance 0349-2005 on April 4, 2005 establishing the Hayden Run South tax increment financing district (TIF District) declaring improvements to those parcels to be a public purpose and exempt from taxation. The City of Columbus (City) with consent of the property owner, Dominion Homes, Inc. filed an exemption application for all parcels in the TIF District and the exemption was granted by the Ohio Department of Taxation by DTE case number NE-2196, finalized November 30, 2007. Subsequently, parcel No. 010-287876 within the TIF District, was acquired by the City for parkland. The City filed an application to exempt the parcel under Section 5709.08, of the Ohio Revised Code, public purpose. However, under Ohio Revised Code 5709.911, if the original exemption application is filed with the owner’s consent, and if more than one real property tax exemption applies by law to the property or a portion of the property, no other exemption shall be granted for the portion already exempt under 5709.40 of the Ohio Revised Code unless the municipality that enacted the authorizing ordinance for the earlier exemption provides its duly authorized written consent to the subsequent exemption by means of an ordinance or resolution satisfying the provisions of Ohio Revised Code 5709.911(B)(1). This ordinance provides duly authorized written consent to the subsequent exemption so that the City may be granted 100% exemption.
Fiscal Impact: No City funding is required for this legislation.
Title
To provide duly authorized consent allowing a subsequent exemption to be granted in the Hayden Run South Tax Increment Financing District so that the City may be 100% exempt from taxation and service payments for parkland.
Body
WHEREAS, Sections 5709.40 (C), 5709.42 and 5709.43 of the Ohio Revised Code authorize this Council, by ordinance, to declare the improvement to certain parcels of real property located within the corpo...
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