Explanation
BACKGROUND: The Director of the Department of Development entered into an agreement with the Short North Special Improvement District, Inc. for professional services for the establishment of a Special Improvement District (SID) on North high Street from the railroad viaduct at the Convention Center north to Smith Place. The Short North SID was created in 1998 for a duration of 12 years through 2011. In 2011 the property owners sought and obtained reauthorization for a period of 5 years. The first petition to reauthorize the SID and Articles of Incorporation was approved by City Council by Ordinance 0341-2011, passed March 14, 2011. City Council also adopted the Plan for Improvements and Services to be provided by the Short North SID by Resolution 0026X-2011 passed March 14, 2011. The necessity to implement the Plan of Improvements and Services and to levy a special assessment for the improvements and services was adopted by City Council by Resolution 0047X-2011, passed April 4, 2011. A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance 0934-2011, passed June 20, 2011. A portion of each assessment is to be returned to the SID for operational requirements as set forth in the District Plan.
This legislation appropriates and approves the expenditure of that portion of assessments collected in FY 2014 that is to be returned to the SID. This legislation would also allow the Director of Development to enter into a contract with the Short North Special Improvement District, Inc.
FISCAL IMPACT: Funds for this expenditure will be received from the levy of assessments collected from property owners in the Short North Special Improvement District. These funds are deposited into and expended from Agency Fund 306.
Title
To authorize and direct the Director of the Department of Development to enter into a contract with the Short North Special Improvement District, Inc. for the implemen...
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