Explanation
BACKGROUND: The Council of the City of Columbus previously passed a resolution approving a petition for the creation of the Columbus Regional Energy Special Improvement District (the “District”), articles of incorporation for the nonprofit corporation, the board of directors of which governs the District, and an initial plan for the District. Pursuant to that resolution, the District has been formed. The initial plan previously approved by the Council provides that special assessments levied by the Council pursuant to Chapters 727 and 1710 of the Ohio Revised Code be used to pay the costs of “special energy improvement projects,” as that term is defined in Section 1710.01 of the Ohio Revised Code, to be constructed pursuant to the initial plan.
The Council, by resolution, has further determined the necessity of proceeding to levy special assessments for the purposes set forth in the initial plan for the Columbus Regional Energy Special Improvement District.
This legislation is to determine to proceed with the levying of the special assessments and to levy such special assessments, all pursuant to Chapters 727 and 1710 of the Ohio Revised Code, and pursuant to the Charter of the City of Columbus.
Emergency action is requested on this legislation to allow the special assessment process to proceed in a timely manner and allow financing for the special energy improvement projects to be obtained by the District.
FISCAL IMPACT: No funding is required for this legislation.
Title
To determine to proceed with levying special assessments for the purpose of acquiring, constructing, and improving certain public improvements in the City in cooperation with the Columbus Regional Energy Special Improvement District; to levy such special assessments; and to declare an emergency.
Body
WHEREAS, this Council (“Council”) of the City of Columbus, Ohio (the “City”) duly adopted Resolution 0269X-2015 on December 7, 2015 (the “Resolution of Necessity”) and decl...
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