Explanation
BACKGROUND: The Powell Community Infrastructure Financing District (the “District”), as a new community district under Chapter 349 of the Ohio Revised Code, exists within the boundaries of the City of Powell. The Board of Trustees (the “Board”) of the Powell Community Infrastructure Financing Authority (the “Authority”) desires to expand the boundaries of the District to include an additional approximately 69.79 acres of real property in the City of Powell (the “Property”) in the vicinity of the corner of Home Road and Steitz Road, upon which is planned the development by Metro Development LLC of a one hundred and nineteen (119) individually platted single-family residential development together with infrastructure, a public park, bicycle and walking paths and streetscaping. The City of Columbus (the “City”) may be defined as a “proximate city” under Section 349.01(M) of the Ohio Revised Code and has thus been informed of this proposed expansion.
Emergency action is requested on this legislation to allow the Powell Community Infrastructure Financing District and the Delaware County Commissioners to act on this expansion in a timely manner.
FISCAL IMPACT: No funding is required for this legislation.
Title
To declare a Resolution of No Objection to the expansion of the Powell Community Infrastructure Financing Authority District to include an additional approximately 69.79 acres of real property in the City of Powell in the vicinity of the corner of Home Road and Steitz Road; and to declare an emergency.
Body
WHEREAS, the Powell Community Infrastructure Financing District (the “District”), as a new community district under Chapter 349 of the Ohio Revised Code, exists within the boundaries of the City of Powell; and
WHEREAS, the Board of Trustees (the “Board”) of the Powell Community Infrastructure Financing Authority (the “Authority”) desires to expand the boundaries of the District to include an additional approximately 69.79 acres of real...
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