Explanation
Background: This ordinance amends the Annexation Agreement originally entered between the City of Columbus and the Rickenbacker Port Authority ("RPA") in September 1996 to establish for each party obligations related to annexation of Rickenbacker property to Columbus (the "Original Agreement"). The Original Agreement was extended by an amendment executed in December, 2007 between Columbus and the Columbus Regional Airport Authority (“CRAA”), successor by merger to Rickenbacker. The Agreement was further modified by a Second Amendment executed in February, 2008 and a third amendment in April of 2017. The Agreement provides for a termination date of July 31, 2019 unless terminated earlier or extended upon written mutual consent of the parties. The City of Columbus and the CRAA desire to extend the term of the Annexation Agreement at this time for 7 months to ensure development can continue while Columbus and the CRAA resolve additional terms and conditions as required for a new long term Annexation Agreement. This ordinance is submitted as emergency in order to allow pending development proposals to proceed on schedule.
Fiscal Impact: No funding is required for this legislation.
Title
To authorize the Mayor of the City of Columbus to execute a Fourth Amendment to the Annexation Agreement between the City of Columbus and the Columbus Regional Airport Authority to extend the term thereof and for other provisions, to execute any and all other documents and instruments necessary and incident thereto; and to declare an emergency.
Body
Whereas, the City of Columbus (Columbus) and the Rickenbacker Port Authority (Rickenbacker) entered into an Annexation Agreement in September 1996, to establish for each party obligations related to annexation of Rickenbacker property to Columbus (the "Original Agreement"); and
Whereas, the Original Agreement was extended in 2007 between Columbus and the Columbus Regional Airport Authority (“CRAA”), successor by merg...
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