Explanation
Background
The Short North CRA needs to be updated to reflect the recent changes made to Chapter 4565 of the City’s Code. This ordinance will modify the Short North Community Reinvestment Area by modifying the minimum investment required to apply for the Incentive and to make administrative corrections to terms to align with Chapter 4565.
FISCAL IMPACT: Not applicable.
Title
To amend the Short North Community Reinvestment Area to make modifications to align with the updates located in Chapter 4565 of the Columbus City Code (“CCC”); to modify the minimum investment required to apply for the Incentive; and to amend Ordinance No. 1292-2012, as amended by Ordinance Nos. 2194-2018 and 1884-2022. ($0.00)
Body
WHEREAS, the Council of the City of Columbus (hereinafter "Council") desires to pursue reasonable and legitimate incentive measures to assist and encourage development in specific areas of the City of Columbus that have not enjoyed reinvestment from remodeling or new construction; and
WHEREAS, Resolution 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 1292-2012 created the Short North Community Reinvestment Area and authorized real property tax exemptions within it, as provided per Ohio Revised Code (“ORC”); and
WHEREAS, it has become necessary in the usual daily operation the City of Columbus wishes to make administrative updates to the Short North Community Reinvestment Area to align to updates to Chapter 4565 of CCC and to the minimum investment costs as described by the Ohio Revised Code; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That Section 3 of Ordinance 1292-2012, as amended by Ordinance 2194-2018 (in Section 1 thereof) and Ordinance No. 1884-2022, is hereby ame...
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