Explanation
BACKGROUND: This ordinance authorizes the Director of Development to enter into an Intergovernmental Cooperation Agreement with The Hayden Run Community Development Authority regarding the placement and use of community charge funds expected to come to the Authority two times per year from the Franklin County Auditor. The new community authority was created by Columbus City Council Legislation in September 2007 as provided under Chapter 349 of the Ohio Revised Code.
The Hayden Run Community Development District encompasses the northwest side of Columbus generally bounded by the Columbus City Limits on the North, the Conrail Railroad Tracks on the East, Hayden Run Road on the South, and Cosgray Road on the West, all to be developed as part of an area characterized by well-balanced and diversified land use patterns to provide facilities for the conduct of commercial, residential, cultural, educational, and recreational activities.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of Development to enter into, on behalf of the City of Columbus and the Columbus City Council, an Intergovernmental Cooperation Agreement with The Hayden Run Community Development Authority; and to declare an emergency.
Body
WHEREAS, based on mutual interests, the City engaged in a cooperative dialogue with the development community, adjoining municipalities and townships, and various stakeholders that resulted in the Interim Hayden Run Corridor Plan (the "Interim Plan"); and
WHEREAS, in order to provide for the implementation of the Interim Plan and in accordance with the City's "Pay As We Grow and Grow with a Plan" initiative, the City entered into an unprecedented Memorandum of Understanding (the "MOU") with MI Homes of Central Ohio, LLC, Dominion Homes, Inc., Huntington Tower Associates, LLC, and Lifestyle Communities Ltd (the "Developers") to secure the Developers' commitment to participate in the ...
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