City of Columbus - File #: 1101-2004

• File #: 1101-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/10/2004
• In control: Health, Housing & Human Services Committee
• On agenda: 6/21/2004
• Final action: 6/23/2004
• Title: To amend Ordinance Number 1140-02, the Linden/Area A Community Reinvestment Area; to authorize real property tax exemptions as established in Section 3735.65 to 3735.70 of the Ohio Revised Code; and to declare an emergency. (AMENDED BY ORD. 1950-2006 PASSED 11/06/2006)

Date	Ver.	Action By	Action	Result
6/23/2004	1	CITY CLERK	Attest
6/22/2004	1	MAYOR	Signed
6/21/2004	1	Columbus City Council	Approved	Pass
6/21/2004	1	COUNCIL PRESIDENT	Signed
6/14/2004	1	Dev Drafter	Sent for Approval
6/14/2004	1	CITY ATTORNEY	Reviewed and Approved
6/14/2004	1	Dev Drafter	Sent to Clerk's Office for Council
6/11/2004	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
6/10/2004	1	Dev Drafter	Sent for Approval

Explanation

Background:

This Ordinance will amend Ordinance Number 0040-02, the Linden/Area A Community Reinvestment Area (see Exhibit B) and provide for real property tax exemptions for residentially zoned parcels within the expansion area.

The goal of designating Community Reinvestment Areas, known as Neighborhood Investment Districts, is neighborhood revitalization and stabilization. The designation will help to stabilize and increase school enrollment and increase the supply of affordable home-ownership housing in the City.

Fiscal Impact:

No fiscal impact.



Title

To amend Ordinance Number 1140-02, the Linden/Area A Community Reinvestment Area; to authorize real property tax exemptions as established in Section 3735.65 to 3735.70 of the Ohio Revised Code; and to declare an emergency. (AMENDED BY ORD. 1950-2006 PASSED 11/06/2006)



Body

WHEREAS, the council of the City of Columbus (hereinafter "Council") desires to pursue reasonable and legitimate incentive measures to assist and encourage development in specific areas of the City of Columbus that have not enjoyed reinvestment from remodeling or new construction; and

WHEREAS, Resolution No. 1698-78, approved August 3, 1978, authorized the Department of Development to carry out a Community Reinvestment Program, pursuant to Sections 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and

WHEREAS, a survey of housing (see Exhibit A) as required by Ohio Revised Code (ORC) Section 3735.66 has been prepared and included in this proposed Community Reinvestment Area; and

WHEREAS, the remodeling of existing and construction of new residential structures in this Community Reinvestment Area would serve to encourage economic stability, maintain real property values, and generate new employment opportunities; and

WHEREAS, the remodeling of existing and the construction of new residential structures in this Community Reinvestment Area constitu...