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File #: 1988-2023    Version: 1
Type: Ordinance Status: Passed
File created: 6/26/2023 In control: Economic Development Committee
On agenda: 7/24/2023 Final action: 7/26/2023
Title: To amend Ordinance No. 3097-2015 to add the former Kroger Bakery and Ford Motor Company Branch Assembly Plant site and other parcels surrounding the existing Milo-Grogan TIF to that TIF area; to declare the nonresidential improvements to said parcels to be a public purpose and exempt from real property taxation for the same exemption percentage and term as the existing Milo-Grogan TIF parcels; to require the owner(s) of said parcels to make service payments in lieu of taxes; to require the distribution of the applicable portion of those service payments to the Columbus City School District; and to deposit the remainder of those service payments into the Milo-Grogan TIF Fund and used to finance certain public infrastructure improvements as provided by R.C. 5709.40(A)(8).
Attachments: 1. 1988-2023 Exhibit A Milo-Grogan TIF Parcels Map 6-20-23
Explanation

Background: Around the time Rogue Fitness planned to consolidate production and administrative operations at the former Timken Co. site southwest of Cleveland Avenue and 5th Avenue, City Council passed Ordinance No. 3097-2015 (the “Original TIF Ordinance”) on December 14, 2015 to establish a non-school tax increment financing (TIF) area pursuant to R.C. Section 5709.40(B) on the Timken Co. site and in the vicinity of the Milo-Grogan neighborhood (the “Milo-Grogan TIF”). The non-school portion of those service payments in lieu of taxes (the “Service Payments”) paid to the City for deposit into the Milo-Grogan TIF Fund created by the Original TIF Ordinance are to be used to finance public infrastructure improvements benefiting the Milo-Grogan TIF parcels in anticipation of new developments around the neighborhood. The Service Payments were previously authorized by Ordinance No. 1417-2021, passed on June 15, 2021 by City Council, to finance approximately $145,000 of now completed new public sidewalk and street tree installation along Reynolds Avenue east of Cleveland Avenue to support a new 192-unit multi-family project and the existing single family homes adjacent to it.

Now, Half Baked Holdings, LLC (the “Developer”) is redeveloping the former Kroger Bakery site on Cleveland Avenue (the “Site”) directly south of the Milo-Grogan TIF into a mixed-use development which the Developer expects to consist of approximately 40,300 square feet of office, 9,600 square feet of retail, 363 multi-family units, 401 garage parking spaces, and an urban green space (collectively, the “Project”). Pursuant to Ordinance No. 0508-2021 passed on March 8, 2021 by City Council, the City entered the southern manufacturing building on the Site, which is also the former Ford Motor Company Branch Assembly Plant, on the Columbus Register of Historic Properties.

To further support the preservation of the now vacant, historical Site, and repurposing it for the Project, this ordin...

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