Explanation
BACKGROUND: Chapter 1710 of the Ohio Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts (SID), by non-profit corporations governed by trustees elected by the property owners for the provision of special services in a designated district. The City of Columbus currently has five Special Improvement Districts (SIDS), they are the Capital Crossroads SID, Discovery SID, Short North SID, Morse Road SID, and the University District SID, all have been very successful. We now have a petition to approve a new SID in the East Main Street area, from Bexley to Whitehall, to be known as the “East Main Street Special Improvement District, (East Main Street SID). The property owners have initiated a one petition process in which the property owners of at least 60% of the front footage of all real property located within the District signed that they are interested in the creation of a SID and they approve of the Plan for Improvements and Services to be provided by the SID.
This legislation is one of the first actions required by Chapter 1710 of the Ohio Revised Code. City Council must approve the Initial Plan of Improvements and Services (attached) of the East Main Street Special Improvement District of Columbus, Inc., an Ohio not-for-profit corporation organized pursuant to Chapter 1710 of the Revised Code.
Companion legislation is being presented that approves the Petition and the Articles of Incorporation of the East Main Street Special Improvement District.
This legislation is for the approval of the Plan for Improvement and Services (Attached) to be provided by the East Main Street Special Improvement District of Columbus, Inc. pursuant to Ohio Revised Code Chapter 1710.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the Initial Plan for Improvements and Services to be provided by the East Main Street Special Improvement District of Columbus, Inc., and to approve the prope...
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