Explanation
BACKGROUND: In 2003 the Discovery District Development Corporation asked Capitol South Community Urban Redevelopment Corporation to initiate an effort to work with Discovery District property owners to create a Special Improvement District (SID) on the east side of downtown. Property owners were surveyed and overwhelmingly were in support of seeing a proposal to create a SID. One of the first actions required by Chapter 1710 of the Ohio Revised Code is to have not less than 60% of the property owners within the District sign a petition that states they are interested in forming a SID.
City Council must then accept the petitions and the Articles of Incorporation of the Discovery Special Improvement District of Columbus, Inc., an Ohio not-for-profit corporation organized pursuant to Chapter 1710 of the Revised Code.
City 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 Discovery Special Improvement District of Columbus, Inc. to continue the establishment of a Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the Discovery 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, Chapter 1710 of the Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts (SIDS), by non-profit corporations governed by trustees elected by the property owners for the provision of special services in a designated district; and
WHEREAS, the property owners located on the east side of downtown have initiated a petition to create the SID and have filed the petition with the Columbus City Council along with the Articles of Incorporation of the Wareh...
Click here for full text