Explanation
Background: A Metro Park Development Agreement among Metro Parks, Plain Township, New Albany and Columbus, authorized by Columbus City Ordinance 1262-2007, was executed on February 26, 2008. The agreement established land acquisition and development parameters for a Rocky Fork Metro Park in the Park Zone north of Walnut Street in Northeastern Franklin County.
This ordinance authorizes an amendment to the Metro Park Development Agreement in order to specify additional financial contributions by each of the parties to continue progress on the Rocky Fork Metro Park.
Columbus will, exclusively from the Rocky Fork TIF Fund, contribute to Metro Parks $250,000 per year in each of 2013, 2014, 2015, 2016 and 2017 in order to acquire more strategically located land for the Rocky Park Metro Park. New Albany will also contribute to Metro Parks $250,000 per year for each of the same five years in order to acquire more strategically located land for the Rocky Fork Metro Park. Metro Parks will place into its dedicated Rocky Fork Metro Park Fund $250,000 per year for each of the same five years, to be used for a combination of land acquisition and park development. Plain Township will contribute to Metro Parks $50,000 per year for each of the same five years in order to advance park development. Metro Parks agrees to grant easements for a sewer line to the Columbus Department of Utilities at no cost to Columbus.
Fiscal Impact: No impact on the City General Fund Budget. The $250,000 per year Columbus contribution for five years (2013-2017) will come exclusively from the Rocky Fork TIF District Fund. Ordinance No. 1657-2010 authorized the appropriation and expenditure of monies on deposit in the Rocky Fork Blacklick TIF Fund.
Title
To authorize the Director of Development to enter into an amendment to the Metro Park Development Agreement with Metro Parks, the City of New Albany and Plain Township for the purpose of continuing to fund the acquisition of land for...
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