Explanation
BACKGROUND: This ordinance authorizes the Director of Development to enter into an Intergovernmental Cooperation Agreement (“Agreement”) with the Central College Community Development Authority (“Authority”) regarding the placement and use of community development charge revenues held by and expected to come to the Authority two times per year from the Franklin County Auditor. Columbus City Council Ordinance 1271-2008 approved the establishment of the Authority and the Central College Community Development District (“District”) as provided under Chapter 349 of the Ohio Revised Code.
The District encompasses various neighborhoods in northeast Columbus generally to be developed as part of an area characterized by well-balanced and diversified land use patterns to provide facilities for the conduct of commercial, residential, cultural, educational, and recreational activities under the City’s program to Pay as We Grow (PAWG) and Grow with a Plan.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to enter into, on behalf of the City of Columbus, an Intergovernmental Cooperation Agreement with the Central College Community Development Authority; and to declare an emergency.
Body
WHEREAS, pursuant to Chapter 349 of the Ohio Revised Code (“Chapter 349”) and in accordance with a February 23, 2006 Memorandum of Understanding (the “NE MOU”) among M/I Homes of Central Ohio, LLC, Dominion Homes, Inc., Homewood Corporation, and the City, which was signed February 23, 2006, and amended August 16, 2010 (the “Amended MOU,” and together with the NE MOU and any amendments and administrative revisions thereto, including the May 5, 2011 administratively agreed upon revision thereto and any future administratively agreed upon revisions, the “MOU”), which first amendment among other things added Village Communities Corporation as a party and Murphy Development Company for limited purpose...
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