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.
This Council is being asked to approve the Petition, and the Articles of Incorporation of the Capital Crossroads Improvement District of Columbus, Inc., an Ohio not-for-profit corporation organized pursuant to ORC 1710.
The Petition and Articles of Incorporation are on file with the Clerk of the Columbus City Council.
This Council is also being asked to also approve the inclusion of City owned property as part of the Special Improvement District.
Emergency action is required to allow the Capital Crossroads Special Improvement District of Columbus, Inc. to continue the reauthorization of their Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the Capital Crossroads Special Improvement District of Columbus, Inc., Petition and Articles of Incorporation and the inclusion of the properties owned by the City of Columbus in said district; and to declare an emergency.
Body
WHEREAS, C...
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