Explanation
Background: Metro Development (“Developer”) is the owner of approximately 23.5± acres of property in the northeast portion of the 61.23± acres of property at 5830 Ulry Road (the “Developer Property”). The Developer Property is located in the Northeast Area of the Columbus Pay as We Grow (“PAWG”) program. City Council passed Ordinance No. 0958-2016 on October 3, 2016 rezoned the property as PUD-6, Planned Unit Development District (Rezoning # Z14-059). This legislation authorizes the Director of the Department of Development to enter into a Pay As We Grow and Grow with a Plan Agreement (the “Agreement”) with the Developer for the fulfillment of PAWG requirements.
In following the City's PAWG policy for the Northeast Area, is a ratified agreement with the Developer and the City of Columbus that they will make a total contribution in the form of electronic wired payments to Columbus in the amount of $2,300.00 multiplied by the number of residential units constructed on the Developer Property, which is 180 single family units or less.
In a deviation from the City’s PAWG policy for the Northeast Area, the City and Developer agree that due to an overlap in the timing of processing the Agreement and the development of the Developer Property, that requiring the Developer to encumber the Developer Property with a Declaration of Covenants and Restrictions for the Central College Community Development District (the “CCCDD”) is not viable. The City and the Developer also agree that due to the same circumstances, it is not viable for the Developer to file a petition with Columbus City Council to join the CCCDD.
Emergency action is requested in order to allow planning and other project actions to begin without delay.
Fiscal Impact: There is no financial impact for this legislation. No funding is required.
Title
To authorize the Director of the Department of Development to enter into a Pay As We Grow and Grow with a Plan Agreement with Metro Development for fu...
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