Explanation
: This legislation authorizes the Director of the Department of Development to enter into a pre-annexation agreement with The New Albany Company, LLC, a Delaware limited liability company, the owner of a 6.5 acre tract of land on the east side of Harlem Road and south of Central College Road in Plain Township. The New Albany Company intends to develop this property for residential and associated uses.
The area to be annexed is within the "Pay As We Grow" boundaries as identified by the City of Columbus. There are financial contributions that must be made by the developer of the annexed property in order to cover costs associated with the infrastructure and services provided by the City of Columbus. The annexing party agrees that upon delivering the subject property a fair share payment must be made to the City, which could consist of roadway improvements, road dedications, infrastructure installation, a cash payment at the time of construction or other contribution as agreed to by the parties. The exact form of payment will be determined at the time of development by the City of Columbus and the annexing party or its subsequent owner. As long as the annexed property is not developed, the City is not permitted to levy "Pay As We Grow" fees on the owner(s). The owner(s) acknowledges that the property is within a rapidly developing area of the City of Columbus and any attempt to develop the property will trigger the associated development fees which must be paid as determined in concert with the City or no permits will be issued to allow development of the subject property.
Emergency action is requested so that the annexation be can be accepted as soon as possible
Title
To authorize the Director of the Department of Development to enter into a pre-annexation agreement with The New Albany Company, LLC ; and to declare an emergency.
Body
WHEREAS, The New Albany Company, LLC filed a request to annex 6.5 acres i...
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