Explanation
BACKGROUND: This Ordinance amends Ordinance 2157-2011 which renewed six of the City’s Community Reinvestment Areas. This Ordinance will order continue and expand real property tax exemptions for residentially-zoned parcels within designated areas by continuing the existing program as well as expanding boundaries and allowable activities. The Ordinance will also create the North Central Community Reinvestment Area. All Exhibits referenced in this Ordinance are on file with the City Clerk’s Office.
Emergency action is requested so that development opportunities in the eligible areas can proceed.
FISCAL IMPACT: No City funding is required for this legislation.
Title
To amend Ordinance 2157-2011 to modify the Linden/Area A Community Reinvestment Area, North of Broad/Area B Community Reinvestment Area, Southside/Area C Community Reinvestment Area, and Hilltop /Area D Community Reinvestment Area, to create the North Central/ Area H Community Reinvestment Area, to expand boundaries and allowable activities within these areas and to continue to authorize real property tax exemptions as established in the Ohio Revised Code; and to declare an emergency.
Body
WHEREAS, the council of the City of Columbus (hereinafter “Council”) desires to pursue reasonable and legitimate incentive measures to assist and encourage development in specific areas of the City of Columbus that have not enjoyed significant reinvestment from remodeling or new construction; and
WHEREAS, Ordinance 1698-78, approved August 3, 1978, as amended by Ordinance 1345-02, approved July 29, 2002, authorized the Department of Development to carry out a Community Reinvestment Program, pursuant to Sections 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and
WHEREAS, the Linden/ Area A, North of Broad/ Area B, Southside/ Area C, Hilltop/ Area D, and South of Main/Area E Community Reinvestment Areas are active as established b...
Click here for full text