Explanation
BACKGROUND: This legislation is to request that Council approves the Petition and the Articles of Incorporation (attached) of the Downtown Central Special Improvement District of Columbus, Inc., an Ohio not-for-profit corporation.
Chapter 1710 of the Ohio Revised Code, effective September 29, 1994, provides for the creation of Special Improvement Districts, by non-profit corporations governed by trustees elected by the property owners for the provision of special services in a designated district.
The property owners have initiated a one petition process in which the owners of at least 60% of the front footage of all real property located within the District signed, acknowledging that they are interested in the creation of Special Improvement District and they approve of the Plan for Improvements and Services to be provided by Downtown Central Special Improvement District of Columbus, Inc.
The petition proposes to authorize the Downtown Central Special Improvement District of Columbus, Inc. for a five-year period starting January 1, 2026, and ending December 31, 2031.
The petition and Articles of Incorporation are on file with the Clerk of the Columbus City Council.
The Council is also being asked to approve the inclusion of a City-owned properties as part of the Special Improvement District.
Emergency action is required to allow the Downtown Central Special Improvement District of Columbus, Inc. to continue to establish a Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation
Title
To approve the Downtown Central Special Improvement District of Columbus, Inc. Petition and Articles of Incorporation; to include the properties owned by the City of Columbus in said district; and to declare an emergency. ($0.00)
Body
WHEREAS, Chapter 1710 of the Revised Code, effective September 29, 1994, provides for the creation of Special Improvement Districts, by non-profit corporations governed by trust...
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