Explanation
BACKGROUND: This ordinance expresses City Council's determination that the petition to create a proposed new community district to be governed by The Central College Community Development Authority will be conducive to the public health, safety, convenience, and welfare, and is intended to result in the development of a new community. This ordinance also declares The Central College Community Development Authority to be organized and a body politic and corporate, designates the name of the new community authority, defines the boundary of the new community district, provides the method of selecting the board of trustees of the new community authority, appoints the four members of its board of trustees to be appointed by the City, and fixes the surety for the trustees' bonds.
FISCAL IMPACT: No funding is required for this legislation.
Title
To find that the proposed new community district to be governed by The Central College Community Development Authority will be conducive to the public health, safety, convenience and welfare, and is intended to result in the development of a new community; to declare that Authority to be organized in that name and a body politic and corporate and define its boundary; to provide the method of selecting that Authority's board of trustees and appoint four members to that board; and to fix the surety for the trustees' bonds.
Body
WHEREAS, pursuant to Chapter 349 of the Ohio Revised Code, a petition (the "Petition") for the establishment of The Central College Community Development Authority (the "Authority") to govern The Central College Community Development District (the "District") was filed with the office of the clerk of the Franklin County Board of Commissioners and the office of the Clerk of the Columbus City Council, as required by Chapter 349 of the Ohio Revised Code, on June 27, 2008; and
WHEREAS, the "organizational board of commissioners," as that term is defined in Section 349....
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