Explanation
BACKGROUND: This ordinance authorizes the Director of the Columbus Department of Development to petition the Director of the Ohio Department of Development for an amendment to the certification of a designated area within the City of Columbus (City) as a Community Reinvestment Area (CRA). Community Reinvestment Areas have been designated by Columbus City Council under the general guidelines of Ordinance 1698-78. Such areas allow for the granting of real property tax incentives to encourage industrial, commercial and residential growth. This designated area, known as the Rickenbacker CRA number 049-18000-14, was authorized by Columbus City Council (Council) by Resolution 0090X-2007, passed on June 11, 2007 and certified by the State of Ohio on July 14, 2007.
This ordinance will amend the existing Rickenbacker CRA to include 32.5 acres resulting from a boundary adjustment from the Village of Obetz, comprised of parcels 495-287286 and 495-287287.
The Columbus City School District has been advised of the proposal as required under State law.
Emergency action is requested to facilitate further development of land within the Rickenbacker CRA.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to amend the existing Rickenbacker Community Reinvestment Area as established by the Ohio Revised Code to include 32.5 acres transferred from the Village of Obetz; and to declare an emergency.
Body
WHEREAS, City Council desires to pursue all reasonable and legitimate incentive measures to assist in encouraging housing maintenance and economic and community development; and
WHEREAS, Ordinance 1698-78, approved August 3, 1978, authorized the Department of Development to implement a Community Reinvestment Program, pursuant to Section 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and
WHEREAS, the proposed site ...
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