Explanation
BACKGROUND: Council previously adopted Resolution 0077X-2014 (the "Resolution of Necessity") on May 12, 2014, which declared the necessity of 1) constructing streetscape improvements and 2) levying a special assessment in the City of Columbus, Ohio (the "City") for streetscape improvements on the south side of Nationwide Boulevard between North Front Street and North High Street, the north and south sides of and in the median of Nationwide Boulevard between North High Street and North 4th Street, parcels at the intersection of Nationwide Boulevard, and North High Street north to the south edge of the railroad bridge, all in Downtown Columbus, all as shown on the Plans and Specifications on file in the office of the Director of the Department of Public Service.
The Resolution of Necessity imposed Special Assessments on the Assessed Parcels in proportion to the special benefits conferred upon such Assessed Parcels from the Project in order to pay for a portion of the cost and expense of the Project.
This Ordinance authorizes the levy of the special assessment upon the lots and lands of the Special Benefit District ("Assessed Parcels") benefited by the construction of streetscape improvements along the south side of Nationwide Boulevard between North Front Street and North High Street, the north and south sides of and in the median of Nationwide Boulevard between North High Street and North 4th Street, and parcels at the intersection of Nationwide Boulevard and North High Street north to the south edge of the railroad bridge in Downtown Columbus, known as the Roadway Improvements - Nationwide Boulevard Improvements project (the "Project") in Downtown Columbus, as contemplated in Resolution 0077X-2014 and Ordinance 1194-2014 pursuant to Section 55(b) of the Charter of the City of Columbus determining that such action is necessary.
All of the costs of the Project have been encumbered by City Council; the final assessment amount has been determined, the ...
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