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 five-year period concluded in the summer of 2006 and the property owners wish to start again with the creation of another SID, with slightly different boundaries, but 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. 02546-2006, passed April 3, 2006. 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 Resolution 0016X-2006, passed February 27, 2006. The third piece of legislation was to declare the necessity to implement the Plan of Services adopted by the Capital Crossroads Special Improvement District of Columbus, Inc., and to levy a special assessment for the services. This legislation was approved by Columbus City Council Resolution 0067X-2006, passed April 24, 2006. A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance No. 1177-2006, passed July 10, 2006. Each assessment is to be returned to the SID for operational requirements as set forth in the District Plan.
This legislation appropriates and approves the expenditure of assessments collected i...
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