Explanation
Background: The City of Columbus, Village of Ashville and the Board of Trustees of Madison Township executed a Joint Economic Development Contract on June 30, 2010 known as the Madison Township Joint Economic Development District (the “JEDD”). The territory of the District is located entirely within Madison and does not include any “parcel of land”, as defined in R.C. 715.70(B)(1) that is owned in fee by or is leased to a municipal corporation or a township. Franklin County and Pickaway County are adjacent counties as required by R.C. 715.72(B) and the territory of each JEDD Party is contiguous to the territory of at least one other JEDD Party or contiguous to the territory of a township or municipal corporation that is contiguous to another JEDD Party, as required by R.C. 715.72(C)(1) (Exhibit A).
The City Council of the City of Columbus, Village Council of the Village of Ashville and the Board of Trustees of Madison Township, Pickaway County Ohio desires to enter into an Amended and Restated Madison Township Joint Economic Development District Contract (the “Amended and Restated JEDD Contract”) to make certain amendments to the contract and add area to the existing JEDD Territory. Property located within the territory generally defined as the area of Madison south of the Franklin County line and bounded by the township line to the west, the Walnut Creek to the east and Duval Road to the south (Exhibit B) (the “Northern Industrial Area”) shall be eligible to be added to the Madison Township JEDD.
The City Council of the City of Columbus, Village Council of the Village of Ashville and the Board of Trustees of Madison Township, Pickaway County Ohio desires to amend the Madison Township Joint Economic Development District Contract to include the Office of the City Auditor, instead of the Department of Finance, to assist the Treasurer with the duties of that office. The Tax Agreement shall provide that the City Auditor of the City of Columbus, sh...
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