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 2.75 acres of real property in the City of Powell (the “Property”) along Sawmill Road to the south of the current District boundary. The Property will be added to an existing 2.83 acre parcel of real property within the District to total a 5.58 acre tract of land at the southeast corner of Sawmill Road and Gray Oaks Drive, upon which is planned the development by Epcon Sawmill, LLC of The Courtyards on Sawmill, a residential community of twenty-three (23) detached condominium homes together with a bike path, water features and a private pavilion. The City of Columbus (the “City”) is 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 2.75 acres of real property in the City of Powell along Sawmill Road to the south of the current District boundary; 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 Co...
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