Explanation
BACKGROUND: This ordinance authorizes the Director of the Columbus Department of Development to petition the Director of the Ohio Development Services Agency for an amendment to the certification of an area designated within the City of Columbus (City) as a Community Reinvestment Area (CRA). CRAs have been designated by Columbus City Council under the general guidelines of Ordinance 1698-78. Such areas allow for the granting of real property tax incentives to encourage industrial, commercial and residential growth. This designated area, known as the Easton Square Place CRA, number 049-18000-15, was authorized by Council by Resolution 0110X-2007, adopted on July 16, 2007 and certified by the State of Ohio on December 12, 2007.
This amending ordinance as permitted in Sections 3735.65 to 3735.70 of the Ohio Revised Code will authorize the expansion of the existing Easton Square Place CRA and will continue to provide the City the ability to offer real property tax exemptions for parcels within the expansion area shown on Exhibit A.
The Columbus City School District and the Westerville City School District have been advised of this proposal.
Emergency action is requested to facilitate further development of real estate within the Easton Square Place CRA.
FISCAL IMPACT: No funding is required for this legislation.
Title
To authorize the Director of the Department of Development to amend the existing Easton Square Place Community Reinvestment Area and to petition the Director of the Ohio Development Services Agency for an amendment to the certification of the Easton Square Place Community Reinvestment Area; and to declare an emergency.
Body
WHEREAS, City Council desires to pursue all reasonable and legitimate incentive measures to assist in encouraging housing maintenance and community development; and
WHEREAS, Ordinance 1698-78, approved by City Council on August 3, 1978, authorized the Columbus Department of Development to implement a Communit...
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