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 SID was created for a five year term. Due to the success of the SID, it was reauthorized in 2006 and again in 2011. The current five year term concludes this summer of 2016. The property owners wish to authorize for another 5 year term. A one petition process has been initiated in which at least 60% of the property owners within the District signed that they are interested in reauthorizing the SID and they approve of the plan for improvements and services to be provided by the SID. This legislation is one of the first actions required by Chapter 1710 of the Ohio Revised Code to reauthorize.
A companion ordinance is being presented that approves the Petition and Articles of Incorporation of the Capital Crossroads Special Improvement District and the inclusion of properties owned by the City of Columbus in the district.
This legislation is for the approval of the Plan for Improvement and Services to be provided by the Capital Crossroads Special Improvement District of Columbus, Inc. pursuant to Ohio Revised Code Chapter 1710. This legislation is also for the approval of the properties of the municipal corporation in said plan for improvements and services.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the plan for improvements and services to be provided by the Capital Crossroads Special Improvement District of Columbus, Inc.; and to approve the properties of the municipal corporation in said plan for improvements and services.
Body
Special Improvement District (SID) and to approve the plan for improvements a...
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