City of Columbus - File #: 2038-2025

• File #: 2038-2025
• Version: 1
• Type: Ordinance
• Status: Second Reading
• File created: 7/10/2025
• In control: Economic Development & Small and Minority Business Committee
• On agenda: 7/28/2025
• Title: To authorize a second amendment to the TIF Agreement with OhioHealth; to amend Ordinance No. 1224-2009 to remove certain tax parcels exempted by that ordinance from the OhioHealth TIF; to create the Olentangy 315 North TIF with one of those removed parcels; to declare the improvements to the Olentangy 315 North TIF parcel(s) to be a public purpose and exempt from real property taxation; to require the owner(s) of the parcel(s) in the Olentangy 315 North TIF to make service payments in lieu of taxes; to require the distribution of the applicable portion of those service payments to the Columbus City School District; to deposit the remainder of those service payments into the Olentangy 315 North TIF Fund for financing public infrastructure improvements as allowed under R.C. Section 5709.40(A)(8). ($0.00)

Date	Ver.	Action By	Action	Result
7/21/2025	1	Columbus City Council	Read for the First Time

Explanation

Background: Ordinance No. 1224-2009 established a tax increment financing (TIF) area pursuant to Ohio R.C. Section 5709.40(B) around the OhioHealth Riverside Methodist Hospital (the “OhioHealth TIF”). Pursuant to Ordinance No. 1689-2009 and Ordinance No. 1020-2016, the City and OhioHealth entered into a Tax Increment Financing Agreement dated June 1, 2011, as amended by its First Amendment dated September 23, 2016 (together, the “OhioHealth TIF Agreement”). The City is now in the process of partnering with the Central Ohio Transit Authority to develop bus rapid transit from Downtown Columbus to Dublin including along Olentangy River Road (the “Northwest BRT Corridor”) where Riverside Methodist Hospital is located. The City has implemented ZoneIn Phase 1 and is implementing ZoneIn Phase 2 to allow for higher density residential and mixed-use developments along parts of the Northwest BRT Corridor. In addition, two separate projects have been proposed along the Northwest BRT Corridor within the OhioHealth TIF for which Continental Development Ventures, LLC and Crawford Hoying, Ltd. have respectively requested tax increment financing to support public infrastructure improvements as allowed under R.C. Section 5709.40(A)(8). OhioHealth has agreed to allow the parcels in the two new projects to be removed from the OhioHealth TIF and placed into the two new proposed TIFs.

This Ordinance will authorize an amendment to both the OhioHealth TIF and the OhioHeath TIF Agreement for such aforementioned purposes. This Ordinance will also establish a new tax increment financing area at 3654 Olentangy River Road on Franklin County Tax Parcel ID No. 010-126692 (the “Olentangy 315 North TIF”) pursuant to R.C. Sections 5709.40(B), 5709.42, 5709.43. The proposed Olentangy 315 North TIF will provide for a one-hundred percent (100%) exemption from real property taxation on the improvements to the parcel(s) within such TIF for a concurrent period for all parcel(s) of not m...