Explanation
BACKGROUND: In 1999 the Capitol South Community Urban Redevelopment Corporation, the Greater Columbus Chamber of Commerce and the Columbus Department of Trade and Development initiated an effort to work with downtown property owners to create a Special Improvement District (SID) in the core area of downtown. Property owners were surveyed and overwhelmingly were in support of creating a SID. The SID was created for a five year period and was very successful. The first five-year SID period concluded in the summer of 2006 and the property owners reauthorized the SID, with slightly different boundaries, but still called the Capital Crossroads Special Improvement District. The second five-year SID will conclude in the summer of 2011 and now the property owners wish to reauthorize the SID, with slightly different boundaries, but again still called the Capital Crossroads Special Improvement District. The property owners initiated a one petition process in which at least 60% of the property owners within the District signed that they are interested in forming a SID and approving the Articles of Incorporation. This petition was accepted and approved by Columbus City Council by Ordinance No. 0338-2011, passed March 14, 2011. Another action required by the Ohio Revised Code is the approval of the Plan of Improvements and Services and the inclusion of City owned property in said plan. This legislation was approved by Columbus City Council by Resolution No. 0025X-2011, passed March 14, 2011.
This resolution is to declare the necessity to implement the Plan of Improvements and Services adopted by the Capital Crossroads Special Improvement District of Columbus, Inc. and the necessity to levy a special assessment for the services set forth in the plan pursuant to the Ohio Revised Code Chapter 1710.02 and 1719.06.
Emergency action is requested on this resolution to allow the special assessment process to proceed in a timely manner.
FISCAL IMPACT: No fundin...
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