Explanation
Background: This ordinance authorizes the Mayor of the City of Columbus to execute a new annexation agreement (the “New Agreement”) with the Columbus Regional Airport Authority (CRAA). The New Agreement will expire twenty (20) years from the effective date of the executed agreement (the “Original Term”). The New Agreement will automatically renew for up to two (2) additional five (5) year periods (“Renewal Terms”) thereafter unless notice to terminate the New Agreement is provided by the City or CRAA at least ninety (90) days before the date the Original Term or Renewal Term would otherwise expire.
The New Agreement will replace the existing Annexation Agreement (the “Original Agreement”) entered between the City of Columbus (the “City”) and the Rickenbacker Port Authority ("RPA") on September 9, 1996 to establish for each party obligations related to annexation of RPA property to the City (the "Original Agreement"). The Original Agreement was extended by an amendment executed on December 27, 2007 between Columbus and the CRAA, successor to the RPA. The Original Agreement was further modified by a Second Amendment executed February 29, 2008 (authorized by Ordinance 1839-2007), a Third Amendment executed on May 8, 2017 (authorized by Ordinance 1008-2017), and a Fourth Amendment executed on December 11, 2018 (authorized by Ordinance 3212-2018).
The Fourth Amendment to the Original Agreement expires July 31, 2019. The City and the CRAA believe that it is necessary to create a New Agreement to incorporate updated provisions, processes, and maps as it relates to the development of the property owned by the CRAA (the “Property”) that they wish to annex into the City. The New Agreement also outlines how and when City services will be provided to Property. The City will also ask in future legislation for Columbus City Council to approve $15 million in City capital investment for public infrastructure projects (to be mutually determined) to supp...
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