Explanation
BACKGROUND: The goal of a Community Reinvestment Area is neighborhood revitalization and stabilization.
This Ordinance amends Ordinance 1835-2013, passed July 22, 2013, to amend the Fifth by Northwest Community Reinvestment Area (CRA). The purpose of this amendment is to add parcels within the boundaries of the area that have been recently annexed to the City of Columbus from Clinton Township and provide for real property tax exemptions for residentially-zoned and used parcels within the area.
Emergency action is being requested so that the additional parcels can be eligible for abatement as soon as possible.
FISCAL IMPACT: No funding is required for this legislation.
Title
To amend the Fifth by Northwest Community Reinvestment Area to authorize real property tax exemptions as established in the Ohio Revised Code; and to declare an emergency.
Body
WHEREAS, Ordinance 1835-2013 passed July 22, 2013 amended the Fifth by Northwest CRA; and
WHEREAS, additional parcels have been annexed into the City of Columbus since Ordinance 1835-2013 has been passed; and
WHEREAS, the owners of these parcels wish to participate in the benefits available from the CRA; and
WHEREAS, an updated survey of housing (see Exhibit A) as required by Ohio Revised Code (ORC) Section 3735.66 and a list of parcels (Exhibit B) has been prepared and included in this Ordinance; and
WHEREAS, the continued remodeling of existing buildings for residential use and construction of new residential structures in this Community Reinvestment Area would serve to encourage economic stability and maintain real property values; and
WHEREAS, the continued remodeling of existing buildings for residential use and the construction of new residential structures in this Community Reinvestment Area constitutes a public purpose for which real property exemptions may be granted; and
WHEREAS, the proposal is a public/private partnership intended to promote and expand conforming uses in the designated area; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to amend the CRA so it can take effect as soon as possible thereby preserving the public health, safety, and welfare; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That Section 1 of Ordinance 1835-2013 is hereby amended to read as follows.
The Community Reinvestment Area is approximately depicted as the area on the maps in Exhibit C, attached to this Ordinance; on the list of parcel numbers marked Exhibit B, and by this reference incorporated herein. Specifically including parcels 130-005581 which is being renamed 420-293796, which was annexed by ordinance 1215-2014, and 130-002454 which is being renamed 420-293797, which was annexed by ordinance 1217-2014.
Only residential properties consistent with the applicable zoning regulations and variances thereto within the designated Community Reinvestment Area will be eligible for exemptions under this Program.
SECTION 2. Except as provided in this Ordinance, all other provisions of the Original CRA Ordinance as amended shall remain in full force and effect.
SECTION 3. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this Ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.