Explanation
Background: Crew SC Stadium Company, LLC, the Board of County Commissioners of Franklin County, Ohio and the City have entered into a Development Agreement for the new Columbus Crew stadium project and surrounding development that will redevelop property generally bounded by Interstate 670 to the North, Ohio State Route 315 to the West, CSX Transportation railroad tracks to the East and West Nationwide Boulevard to the South. The City committed in the Development Agreement to form a new community authority pursuant to ORC Chapter 349 to support that redevelopment. On August 9, 2019, a Petition for the Organization of the Confluence Community Authority was submitted to City Council. City Council, by Resolution No. 230X-2019, passed September 9, 2019, determined the sufficiency of the Petition and set a public hearing date on the Petition, which was held on September 16, 2019. This resolution officially creates the proposed new community authority and makes the City’s initial appointments to the authority’s board of trustees.
Emergency Justification: Emergency action is requested in order to facilitate the development of this project in a timely manner.
Fiscal Impact: No funding is required for this legislation.
Title
To declare the Confluence Community Authority to be organized and a body politic and corporate; to define the boundary of the Authority’s new community district; to provide the method of selecting the board of trustees of the Authority and fix the surety for their bonds; and to declare an emergency.
Body
WHEREAS, Crew SC Stadium Company, LLC (the “Developer”), the Board of County Commissioners of Franklin County, Ohio and the City have entered into a Development Agreement for the redevelopment of an approximately 28.6-acre site generally bounded by Interstate 670 to the North, Ohio State Route 315 to the West, CSX Transportation railroad tracks to the East and W. Nationwide Boulevard to the South as a mixed use entertainment, comme...
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