Explanation
1. BACKGROUND
This ordinance declares City Council’s determination to proceed with acquiring, constructing, installing, equipping, or improving off-street parking facilities at the northwest corner of High Street and 2nd Avenue in the Short North area of Columbus.
Pursuant to Ordinance No. 1336-2016, the City and WC Partners, LLC entered into a Contribution Agreement on July 22, 2016 (the “Agreement”), through which the City agreed to contribute $10,000 per parking space, in a total amount not-to-exceed $1,000,000, for costs associated with constructing 104 public parking spaces and WC Partners, LLC agreed to make annual payments to the City through the form of a 30-Year special assessment totaling $1,950,000.00.
On November 20, 2017, Council approved Resolution No. 0282X-2017 declaring the necessity of acquiring, constructing, installing, equipping, or improving off-street parking facilities at the northwest corner of the intersection of High Street and 2nd Avenue in the Short North area of Columbus and levying a special assessment in order to fund a portion of the costs to construct a parking garage that will include 104 public parking spaces.
2. FISCAL IMPACT
No funding is required for this ordinance.
3. EMERGENCY DESIGNATION
Emergency legislation is requested in order to maintain the project schedule and meet community commitments.
2. FISCAL IMPACT
No funding is required for this ordinance.
3. EMERGENCY DESIGNATION
Emergency legislation is requested in order to maintain the project schedule and meet community commitments.
Title
To determine to proceed with acquiring, constructing, installing, equipping, and improving off street parking facilities at the northwest corner of the intersection of High Street and 2nd Avenue in the Short North area of Columbus, and acquiring interests in the site thereof, together with all necessary and proper appurtenances, and determining that such action is necessary, and to declare an emergency.
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