Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Public Utilities to enter into a water and sewer agreement with Pizzuti/Creekside Land Holdings LLC to provide for water and sanitary sewer service to the real property known as the Golden Wedge Tract (hereinafter “Property”) pending its annexation to the City.
The Property for which water and sanitary sewer services will be authorized is an industrial site located within the Rickenbacker area. The Property is in the process of being developed and is therefore in need of water and sanitary sewer service. As part of this agreement, Pizzuti, or any other developer to which the land may be transferred, must agree to petition for annexation to the City within a specified timeframe. Failure to do so would be cause for termination of the agreement. Development of this Property is beneficial to the City; therefore, it is important to provide the area with needed water and sewer services.
FISCAL IMPACT: There is no direct fiscal impact for this legislation. However, in the future, new water and sewer revenue for the City of Columbus will be realized from development of the Property.
Title
To authorize the Director of Public Utilities to enter into an agreement with the Pizzuti/Creekside Land Holdings LLC to provide for water and sanitary sewer service to the real property known as the Golden Wedge Tract, pending its annexation to the City; and to declare an emergency.
Body
WHEREAS, the Property owned by Pizzuti/Creekside Land Holdings LLC, located within the Rickenbacker area, is in need of water and sanitary sewer services; and
WHEREAS, the City of Columbus has agreed to provide these services to the Property pending its annexation into the City of Columbus; and
WHEREAS, failure to annex the aforementioned Property into the City within a stated timeframe will result in termination of the aforementioned agreement; and
WHEREAS, development of the aforementioned Property is b...
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