Explanation
Background: Ordinance 1685-2020 passed by Council on November 9, 2020 (the “Rezoning Ordinance) rezoned the property at the northeast, southwest, and southeast corners of Alton & Darby Creek Road and Renner Road and generally located at 1980 Alton & Darby Creek Road (tax parcel ID’s 203-299511, 203-299510, 203-299512, 203-299509, 203-299508, 203-299507, and 125-299513, the “Developers’ Property”) now owned or controlled by Pulte Homes of Ohio LLC and Harmony Development Group, LLC (collectively, the “Developers”). The Developers purchased or have an option to purchase the ±369.2 acres encompassing the Developer Property in order privately invest approximately $300 million to construct 555 single family homes, 121 empty nester/patio style homes, and 432 apartments pursuant to the Rezoning Ordinance as well as $70 million for public infrastructure improvements. Consistent with the Big Darby Accord Watershed Master Plan and the Rezoning Ordinance, the Developers’ Property is subject to the requirements of the “Big Darby Revenue Program” pursuant to Resolution 0216X-2008 adopted by Columbus City Council on April 20, 2009. The Big Darby Revenue Program identified three revenue generation sources: tax increment financing (TIF), new community authority (NCA) charges, and per unit developer contributions (collectively the “Big Darby Revenue”) for Big Darby Accord Purposes, i.e. Big Darby public improvements, and other regional public improvements. Pursuant to Ordinance 1557-2020 passed by Council on November 16, 2020, the Director of Development entered into an agreement (the “Big Darby Agreement”) dated March 10, 2021 with the Developers to outline the plans and respective commitments of the City and Developer for the fulfillment of Big Darby Revenue Program requirements, including establishing a new NCA, in relation to the Developers’ Property. On or about July 14, 2021, a petition for the organization of the Sugar Farm-Renner South NCA (the “Petition”) was ...
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