Explanation
Background: M/I Homes of Central Ohio, LLC (the “Developer”) is the owner of approximately 12.04± acres of property situated in the northwest portion of the 61.23± acres of property that was divided amongst the Developer, Village Communities and Pulte Homes of Ohio, LLC located at 5830 Ulry Road (the “Developer Property”). The Developer Property is located in the Northeast area of the Columbus Pay as We Grow (“PAWG”) program. City Council passed Ordinance No. 0958-2016 on October 7, 2016, which rezoned the Developer Property as PUD-6, Planned Unit Development District (Rezoning # Z14-059) and included a commitment by the Applicant, Metro Development, to pay the required Pay as We Grow fees. As the current property owner of a portion of the Developer Property, M/I Homes of Central Ohio, LLC has assumed a proportionate share of that commitment. This legislation authorizes the Director of the Department of Development to enter into a Memorandum of Understanding (MOU) (the “Agreement”) with the Developer for the fulfillment of PAWG requirements.
In following the City's PAWG policy for the Northeast Area, is a ratified agreement with the Developer and the City that the Developer did make a total contribution in the form of cash payments to the City in the amount of $2,300.00 multiplied by the number of residential units constructed on the Developer’s portion of the Developer Property, which is 48 single family units.
The Developer agrees to support inclusion of the Developer Property within a Tax Increment Financing (TIF) District, whether such TIF District is new or existing. If requested to do so by the Columbus Department of Development, the Developer will provide a letter indicating such support and take other reasonable actions in support of said TIF District.
In a deviation from the City’s PAWG policy for the Northeast Area, the City and Developer agree that due to an overlap in the timing of processing the Agreement and the development of the ...
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