Explanation
BACKGROUND: Chapter 1710 of the Ohio Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts, by non-profit corporations governed by trustees elected by the property owners for the provision of special services in a designated district. In 2015, a petition to create a new SID in the University area to be known as the University District Special Improvement District (SID) was approved by Council. The property owners initiated a one petition process in which the owners of at least 75% of the area of all real property located within the District signed, acknowledging that they are interested in the creation of a Special Improvement District and they approve of the Plan for Improvements and Services to be provided by the University District SID. This petition was accepted and approved by Columbus City Council by Ordinance 0641-2015, passed March 23, 2015. Another action required by the Ohio Revised Code is the approval of the Plan for Improvements and Services in said plan. This legislation was approved by Columbus City Council by Resolution No. 0061X-2015, passed March 23, 2015. The third piece of legislation was to declare the necessity to implement the Plan of Services adopted by the Discovery Special Improvement District of Columbus, Inc., and to levy a special assessment for the services. This legislation was approved by Columbus City Council by Resolution No. 0096-2015, passed April 27, 2015. A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance No. 1892-2015, passed July 27, 2015. Each assessment is to be returned to the SID for operational requirements as set forth in the District Plan.
This legislation appropriates and approves the expenditure of assessments collected in fiscal year 2019 that are to be returned to the SID. This legislation also allows the Director of Development to enter into a contract with the University Dist...
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