Explanation
BACKGROUND: Chapter 1710 of the Ohio Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts, by non-profit corporations governed by trustees elected by the property owners for the provision of special services in a designated district. The City of Columbus currently has four Special Improvement Districts known as (SIDS); they are the Capital Crossroads SID, Discovery SID, Short North SID, and the Morse Road SID. All have been very successful and all have been reauthorized attesting to that success. A petition to approve a new SID in the University area to be known as the “University District Special Improvement District (University District SID) was approved by Ordinance 0639-2015. The property owners initiated a one petition process in which the owners of more than 75% of the area of all real property located within the District signed, acknowledging that they were interested in the creation of a Special Improvement District and they approved of the Plan for Improvements and Services to be provided by the University District SID.
Another action required by the Ohio Revised Code is the approval of the Plan for Improvements and Services and the inclusion of City owned property in said plan. This legislation was approved by Columbus City Council by Resolution 006X-2015, passed March 23, 2015.
This legislation is to declare the necessity to implement the Plan of Improvements and Services adopted by the University District Special Improvement District of Columbus, Inc. and the necessity to levy a special assessment for the services set forth in the plan pursuant to the Ohio Revised Code Chapter 1710.02 and 1719.06.
Emergency action is required to allow the University District Special Improvement District of Columbus, Inc. to continue to establish a Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation.
Title
To declare the necessity to implement ...
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