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File #: 0311-2019    Version: 1
Type: Ordinance Status: Passed
File created: 1/22/2019 In control: Economic Development Committee
On agenda: 6/24/2019 Final action: 6/27/2019
Title: To authorize the Director of the Department of Development to approve petitions submitted by the owners of real property within the City requesting that their property be added to the territory of the Columbus Regional Energy Special Improvement District and plans for public improvements and public services attached to those petitions on behalf of the Council of the City; to approve program guidelines for the implementation of property assessed clean energy financing on commercial and industrial real property within the City; to approve and authorize the City to execute, deliver, and perform a Standing Assignment Agreement with respect to property assessed clean energy transactions in cooperation with the Columbus Regional Energy Special Improvement District; and to declare an emergency.
Attachments: 1. ORD0311-2019 031-19 ESID Standing Agreement Legislation, 2. ORD0311-2019 Exhibit B Columbus Standing Assignment Agreement
Explanation
BACKGROUND: Chapter 1710 of the Ohio Revised Code allows property owners to petition the municipal corporation within which their property is located to include the property in an energy special improvement district, the purpose of which is to provide “special energy improvement projects,” as defined in Section 1710.01 of the Ohio Revised Code. Section 1710.02(F) of the Ohio Revised Code also allows such property owners to submit an initial plan of services for approval with the petition. Upon receipt of a petition and an initial plan submitted by the owners 100% of the properties requesting to be included in the energy special improvement district, the municipal corporation may approve the petition, cause the addition of the property to the energy special improvement district, and proceed to levy special assessments to pay the costs of the special energy improvement projects to be completed pursuant to the petition and the initial plan.

On November 23, 2015, the Council passed Resolution No. 0261X-2015, which approved a petition, program plan, and the articles of incorporation for the Columbus Regional Energy Special Improvement District (the “District”), and created the District.

Section 1710.02 of the Ohio Revised Code allows the owners of real property within a municipal corporation which has created an energy special improvement district to submit to the municipal corporation petitions (“Petitions”) and plans that supplement the program plan (“Supplemental Plans”). Upon its receipt of a Petition and Supplemental Plan signed by the owners of 100% of the properties requesting to be added to the energy special improvement district, the municipal corporation may approve the Petition and Supplemental Plan and proceed to levy special assessments to pay the costs of the special energy improvement projects to be completed pursuant to the Petition and the Supplemental Plan.

This legislation is to authorize the Director of the Department of Developme...

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