Explanation
BACKGROUND: The Short North Special Improvement District (SID) was created in 1998 for a term of 12 years through 2011. In 2011, the property owners sought and obtained reauthorization for a period of 5 years. In 2016 the SID was reauthorized for another 5 years. The petition to reauthorize the SID and Articles of Incorporation were approved by City Council by Ordinance No. 0612-2016, passed March 14, 2016. City Council also approved the Plan for Improvements and Services to be provided by the Short North SID by Resolution No. 0044X-2016 passed March 21, 2016. The necessity to implement the Plan of Improvements and Services and to levy a special assessment for the improvements and services was approved by City Council by Resolution No. 0099X-2016, passed May 2, 2016. A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance No. 1580-2016, passed June 20, 2016. A portion of each assessment is to be returned to the SID for operational requirements as set forth in the District Plan.
This legislation appropriates and approves the expenditure of that portion of assessments collected in FY 2019 that is to be returned to the SID. This legislation would also allow the Director of Development to enter into a contract with the Short North Special Improvement District, Inc.
Emergency action is necessary to allow vital program services to continue without interruption.
FISCAL IMPACT: Funds for this expenditure will be received from the levy of assessments collected from property owners in the Short North Special Improvement District. These funds are deposited into and expended from Agency Fund 3306.
Title
To authorize the Director of the Department of Development to enter into a contract with the Short North Special Improvement District, Inc. for the implementation of services and improvements set forth in the District Plan; to authorize the City Auditor to appropriate and expend up to $75...
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