Explanation
Background: This ordinance authorizes the Director of the Department of Development to enter into a Joint Economic Development District Contract and an Annexation Moratorium Agreement with the Village of Ashville, the Village of South Bloomfield, and the Township of Harrison in Pickaway County, Ohio in order to provide for the long term joint economic development within the southern Franklin and northern Pickaway County areas. The creation of the Northern Pickaway County Joint Economic Development District (the "JEDD") will facilitate and further promote economic development projects and activities which currently are pending or proposed within and adjacent to the Rickenbacker Port Authority and will otherwise create or preserve jobs and employment opportunities, and improve the economic welfare of the citizens within the State, the JEDD parties, and the District. The initial term of the Contract will extend until January 1, 2056, and will provide for certain governmental services and the sharing of responsibilities for the construction of capital improvements and other infrastructure required for development within the District and the distribution of revenues. Initially, the District will be governed by a Board of Directors who shall be appointed by the JEDD parties and exercise the powers set forth in the contract and as provided by law. As a condition of the Contract the JEDD parties have agreed to execute an Annexation Moratorium Agreement to help insure that the territory within the District will be reserved exclusively for joint economic development purposes and to establish a legal and policy framework to achieve that goal. In conjunction with the creation of the JEDD and the Annexation Moratorium Agreement, and by separate ordinance, the Department of Public Utilities also is proposing to enter into a contract with the Earnhart Hill Regional Water and Sewer District to provide adequate water supplies to commercial and industrial pr...
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