Explanation
This Ordinance amends Ordinance 1877-2022 to modify the boundaries of the existing Fifth by Northwest Community Reinvestment Area ("CRA") and extend real property tax exemptions for residentially zoned parcels within the expanded boundaries. There is a need to amend the current boundaries to encourage new housing construction and the repair of existing facilities or structures. All exhibits referenced in this Ordinance are on file with the City Clerk’s office.
Title
To amend the Fifth by Northwest Community Reinvestment Area and to modify its geographic boundaries; to provide that the City’s existing Community Reinvestment Area Housing Council shall serve as the Housing Council for the Fifth by Northwest Community Reinvestment Area.
Body
WHEREAS, the City of Columbus has established a goal of fostering private sector investment to build mixed income neighborhoods dispersed throughout the City; and
WHEREAS, Ordinance No. 1698-78, approved August 3, 1978, authorized the Department of Development to carry out a Community Reinvestment Program, pursuant to Sections 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and
WHEREAS, Ordinance 0479-2011 created the Fifth by Northwest Community Reinvestment Area ("CRA") and authorized real property tax exemptions within it, as provided per Ohio Revised Code; and
WHEREAS, since the creation of the Fifth by Northwest CRA in Ordinance 0479-2011, the boundaries of the Fifth by Northwest CRA have been amended by Ordinance 1723-2012; Ordinance 1835-2013; Ordinance 1209-2015; Ordinance 1543-2016; Ordinance 2186-2018; and Ordinance 1877-2022; and
WHEREAS, Ordinance 1877-2022 amended the Fifth by Northwest CRA to adopt the revised residential incentive policy codified in Chapter 4565 of the Columbus City Code and to modify its geographic boundaries; and
WHEREAS, the City’s current CRA Housing Council formed by the passage of Ordinance 2412-2003 on Nov...
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