Explanation
BACKGROUND: The Council of the City of Columbus previously adopted Resolution 0261X-2015 approving a petition for the creation of the Columbus Regional Energy Special Improvement District, Inc. (the “District”), articles of incorporation for the nonprofit corporation, the board of directors of which governs the District, and an initial plan for the District. Pursuant to that resolution, the District has been formed. The initial plan previously approved by the Council provides that special assessments levied by the Council pursuant to Chapters 727 and 1710 of the Ohio Revised Code be used to pay the costs of “special energy improvement projects,” as that term is defined in Section 1710.01 of the Ohio Revised Code, to be constructed pursuant to the initial plan.
This legislation is to declare the necessity of levying special assessments to pay the costs of “special energy improvement projects” set forth in the initial plan, all pursuant to Chapters 727 and 1710 of the Ohio Revised Code.
Emergency action is requested on this legislation to allow the special assessment process to proceed in a timely manner and allow financing for the special energy improvement projects to be obtained by the District.
FISCAL IMPACT: No funding is required for this legislation.
Title
To declare the necessity of acquiring, constructing, and improving certain public improvements in the City in cooperation with the Columbus Regional Energy Special Improvement District; and to declare an emergency.
Body
WHEREAS, Ohio Revised Code Section 1710.06(C) provides that a political subdivision which has approved a petition for special assessments for public improvements in an energy special improvement district and an initial plan pursuant to Ohio Revised Code Section 1710.02(F) shall levy the requested special assessments pursuant to Ohio Revised Code Chapter 727; and
WHEREAS, NC Plaza LLC (the “Owner”) petitioned for the creation of the Columbus Regional Energy Special I...
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