Explanation
BACKGROUND: This ordinance expresses City Council's determination that the petition to create a proposed new community district to be governed by The RiverSouth Authority will be conducive to the public health, safety, convenience, and welfare, and is intended to result in the development of a new community. This ordinance also declares The RiverSouth Authority to be organized and a body politic and corporate, designates the name of the Authority, defines the boundary of the new community district, provides the method of selecting the board of trustees of the new community authority, appoints the five members of its board of trustees to be appointed by the City fixes the surety for the trustees' bonds, and declares an emergency.
This ordinance is being submitted as an emergency in order to comply with the conditions set forth in Chapter 329 of the Ohio Revised Code for establishing a community authority.
FISCAL IMPACT: No funding is required for this legislation.
Title
To make a finding that the proposed new community district to be governed by The RiverSouth Authority will be conducive to the public health, safety, convenience, and welfare, and is intended to result in the development of a new community; to declare The RiverSouth Authority to be organized and a body politic and corporate; to designate the name of the new community authority; to define the boundary of the new community district; to provide the method of selecting the board of trustees of the new community authority; to appoint the four members of the board of trustees to be appointed by the city as citizen members and the one member of the board of trustees to be appointed by the City as the representative of local government; to fix the surety for the trustees' bonds; and to declare an emergency.
Body
WHEREAS, pursuant to Chapter 349 of the Ohio Revised Code, a petition (the "Petition") for the establishment of The RiverSouth Authority...
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