Explanation
This Ordinance repeals and replaces certain sections of Ordinance No. 1507-2021 and Ordinance No. 1890-2022 to modify the boundaries of the existing Southeast Community Reinvestment Area ("Southeast CRA") and extend real property tax exemptions for residentially zoned parcels within the existing boundaries. There is a need to re-affirm the current outer boundaries and to incorporate newly annexed parcels within the outer boundaries into the Southeast CRA, to encourage new housing construction and the repair of existing facilities or structures. All exhibits referenced in this Ordinance are on file with the City Clerk’s office.
Title
To repeal certain sections of Ordinance No. 1507-2021 and Ordinance No. 1890-2022 for the Southeast CRA to include newly annexed parcels within the outer geographic boundaries of the Southeast CRA; to provide that the City’s existing Community Reinvestment Area Housing Council shall serve as the Housing Council for the Southeast Community Reinvestment Area, as amended herein.
Body
WHEREAS, the City of Columbus has established a goal of fostering private sector investment to build mixed income neighborhoods dispersed throughout the City; and
WHEREAS, Ordinance No. 1698-78, approved August 3, 1978, authorized the Department of Development to carry out a Community Reinvestment Program, pursuant to Sections 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and
WHEREAS, Ordinance No. 1507-2021 created the Southeast Community Reinvestment Area ("Southeast CRA") and authorized real property tax exemptions within it, as provided per Ohio Revised Code; and
WHEREAS, since the creation of the Southeast CRA in Ordinance No. 1507-2021, the boundaries of the Southeast CRA have been amended by Ordinance No. 1890-2022; and
WHEREAS, Ordinance No. 1890-2022 amended the Southeast CRA to adopt the revised residential incentive policy codified in Chapter 4565 of the Colum...
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