Explanation
BACKGROUND: The goal of a Community Reinvestment Area (CRA) is neighborhood revitalization and stabilization.
This Ordinance amends Ordinance 1209-2015, passed May 18, 2015, to add parcels within the boundaries of the CRA 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. It will also extend the date that Council may reevaluate the CRA designation until December 31, 2021.
Emergency action is being requested so that the additional parcels can be eligible for abatement as soon as possible.
FISCAL IMPACT: No fiscal impact. No funding is required for this legislation.
Title
To amend Ordinance 1209-2015, passed May 18, 2015, to add parcels within the boundaries of the Fifth by Northwest Community Reinvestment 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; 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, a 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 Reinvestmen...
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