Explanation
The City of Columbus (this “City”), Harrison Township (the “Township”) and the Village of Ashville (the “Village”) executed a Joint Economic Development District Contract, executed as of August, 2007 the “Original JEDD Contract”), creating the Northern Pickaway County Joint Economic Development District (the “JEDD”). The JEDD currently encompasses a portion of the Township (the “Original JEDD Area”). Pursuant to the Original JEDD Contract, the Board of Directors for the JEDD (the “JEDD Board”) imposed a 2.50% tax on income withheld from employees working within the JEDD Territory and on net business profits sitused in the Original JEDD Area. NorthPoint Development, LLC (“NorthPoint”) desires to develop a parcel of land for commercial purposes (the “Project” or “Project Area”) at a site within the boundaries of the Township (the “JEDD Addition,”) provided that the appropriate economic development incentives are available to support the economic viability of the Project. The JEDD Addition is located outside of the Original JEDD Area. The Original JEDD Area and the JEDD Addition are referred to collectively here in as the “Expanded JEDD Area.” The City desires to add the JEDD Addition to the Original JEDD Area by executing a First Amendment to Northern Pickaway County Joint Economic Development Contract (the “First Amendment to JEDD Contract”).
Title
To authorize the Director of Development, on behalf of the City, to execute the First Amendment to the Northern Pickaway Joint Economic Development District (JEDD) Contract and the First Amendment to the Harrison Township Annexation Moratorium Agreement; and to declare an emergency.
Body
WHEREAS, pursuant to Ohio Revised Code (“R.C.”) Section 715.70-72 (the “JEDD Statute”), the City of Columbus (this “City”), Harrison Township (the “Township”) and the Village of Ashville (the “Village”) executed a Joint Economic Development District Contract, executed as of August 30, 2007 (the “Original JEDD Contract...
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