Explanation
BACKGROUND:
The Department of Development is proposing the establishment of an incentive district under Section 5709.40(C) of the Ohio Revised Code. The proposed district is in Upper Albany area of the Rocky Fork - Blacklick Accord area. One of the prerequisites for the creation of an incentive district is adoption by City Council of a written Economic Development Plan.
FISCAL IMPACT:
No funding is required for this legislation.
Title
An ordinance adopting the Rocky Fork Economic Development Plan as a guide for future economic development and in support of a tax increment financing district and to declare an emergency.
Body
WHEREAS, the Planning Division of the Department of Development has studied the Rocky Fork - Blacklick Accord area and prepared the Rocky Fork Economic Development Plan; and
WHEREAS, recommendations included in the Rocky Economic Development Plan address land use, housing and public infrastructure; and now, therefore,
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to pass this ordinance as an emergency measure because the State requires that the Rocky Fork Economic Development Plan be adopted prior to City Council's consideration of the Tax Increment Financing district legislation for the preservation of the public health, peace, property, safety, and welfare; now therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Rocky Fork Economic Development Plan is hereby adopted by this Council.
Section 2. That the Department of Development and all department and divisions of the City administration are hereby authorized and directed to use the Rocky Fork Economic Development Plan to initiate projects that will implement the provisions of the plan, including the establishment of a tax increment financing district to provide financing for public infrastructure...
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