Explanation
BACKGROUND: In 1999 the Short North Special Improvement District of Columbus, Inc. was created by the property owners in a defined area of High Street in the Short North. The SID was created for a 12 year period and was very successful. The initial twelve-year SID period concluded in December, 2011 and was reauthorized for a 5 year term which will conclude in July of this year 2016. The property owners have initiated a one petition process in which at least 60% of the property owners within the District signed that they approve of the reauthorization of the SID and they approve of the plan for improvements and services to be provided by the SID, on file with the Clerk of the Columbus City Council.
A companion ordinance is being presented that approves the petition and articles of incorporation of the Short North Special Improvement District of Columbus, Inc. and the inclusion of properties owned by the City of Columbus in the district.
This legislation is for the approval of the Plan for Improvement and Services to be provided by Short North Special Improvement District, Inc. pursuant to Ohio Revised Code Chapter 1710. This legislation is also for the approval of the properties of the municipal corporation in said plan for improvements and services.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the plan for improvements and services to be provided by the Short North Special Improvement District, Inc.; and to approve the properties of the municipal corporation in said plan for improvements and services.
Body
WHEREAS, the property owners located in the Short North area have initiated a petition to reauthorize the Special Improvement District (SID) and to approve the plan for improvements and services and have filed the petitions with the Clerk of the Columbus City Council along with the Articles of Incorporation for Special Improvement District, Inc. a non-profit corporation to be responsible for the operation...
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