Explanation
BACKGROUND: NRI Equity Land Investments, LLC is the owner of a 1.263 acre parcel of land, the legal description of which is attached hereto as Exhibit A which is in the City of Columbus (the “Columbus Parcel”) and a 0.812 acre parcel of land, the legal description of which is attached hereto as Exhibit B which is in Grandview Heights (the “Grandview Heights Parcel” and, together with the Columbus Parcel, the “Property”).
NRI Equity Land Investments, LLC desires to construct a commercial building on the Property, a portion of which will be located on the Columbus Parcel and a portion of which will be located on the Grandview Heights Parcel. Columbus, Grandview Heights and NRI Equity Land Investments, LLC desire to reach agreement relative to providing municipal services to the Property, the jurisdiction for the enforcement of applicable codes and regulations, the sharing of income taxes between Grandview Heights and Columbus and municipal fees generated from the Property.
FISCAL IMPACT: No City funding is required for this legislation.
Title
To authorize the Director of Development to enter into an Agreement Regarding Municipal Services and Taxes For Office Building between the City of Columbus, the City of Grandview Heights, and NRI Equity Land Investments, LLC relative to providing the jurisdiction for the enforcement of applicable codes and regulations, the sharing of income taxes between Grandview Heights and Columbus, and municipal fees generated from the Property; and to declare an emergency.
Body
WHEREAS, NRI Equity Land Investments, LLC is the owner of a 1.263 acre parcel of land, the legal description of which is attached hereto as Exhibit A which is in the City of Columbus (the “Columbus Parcel”) and a 0.812 acre parcel of land, the legal description of which is attached hereto as Exhibit B which is in Grandview Heights (the “Grandview Heights Parcel” and, together with the Columbus Parcel, the “Property”); and
WHEREAS, NRI Equit...
Click here for full text