Explanation
BACKGROUND:
The Department of Development is proposing to establish an incentive district under Section 5709.40 (C) of the Ohio Revised Code. The proposed district includes portions of the Harrison West neighborhood northwest of downtown Columbus. One of the prerequisites for the creation of an incentive district is adoption, by the City Council, of a written economic development plan for the incentive district. The Harrison West Economic Development Plan has been prepared to enable the creation of the proposed incentive district in Harrison West and is the subject of this ordinance.
FISCAL IMPACT: No funding is required for this legislation.
Title
To adopt the Harrison West Economic Development Plan as a guide for future economic development and in support of a tax increment financing district; and to declare an emergency.
Body
WHEREAS, Section 5709.40 of the Ohio Revised Code authorizes the legislative authority of a municipal corporation to create, by ordinance, an incentive district and declare improvements within that district to be of public purpose; and
WHEREAS, an incentive district must contain distress characteristics which may be defined as inadequate public infrastructure, as evidenced by a written economic development plan; and
WHEREAS, the Planning Division of the Department of Development has studied the Harrison West neighborhood and prepared the Harrison West Economic Development Plan to facilitate the creation of an incentive district in Harrison West; and
WHEREAS, the recommendations contained in the Harrison West Economic Development Plan address the impacts of growth, infrastructure needs, and the insufficiency of neighborhood parkland; and
WHEREAS, an emergency exists in the usual daily operation of the Development Department in that it is immediately necessary to adopt the Harrison West Economic Development Plan as a necessary component in the creation of a Ta...
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