Explanation
Background: Ciminello Incorporated an Ohio Corporation (“Developer”) owns approximately 113± acres of property for east side of the property associated with Ordinance 1765-2019 and the west side of the property that is associated with Ordinance 1703-2017 (the “Developer Property”) in the northeast area of Columbus Pay as We Grow (PAWG) program.
Columbus City Council passed Ordinance 1703-2017 thereby rezoning + 33 acres of the Developer Property, being Franklin County Parcel # 010-267723-00, for PUD Development (Rezoning #Z16-086), and passed Ordinance 1765-2019 on July 17th 2019 thereby rezoning + 80 acres being Franklin county Parcel 010-267725-00 of the Developer Property PUD-6 for Planned Unit Development District (Rezoning #Z18-050).
This legislation authorizes the Director of the Department of Development to enter into a Pay as We Grow Agreement (“Agreement”) with the Developer for the fulfillment of PAWG requirements.
The Parties agree that in lieu of the Developer making per 734 residential unit Pay as We Grow payments to Columbus at the standard Northeast area rate of $2,300 per unit, the Developer shall construct the regional beneficial public infrastructure improvements. These improvements are East Walnut Street in front of Developer Property is required to be widened to three lane section, responsible for the design and construction of Phase II of Hamilton Road Extension.
In following the City's PAWG policy for the Northeast Area, the Developer shall: 1) encumber the Developer Property with a Declaration of Covenants and Restrictions for the Central College Community Development District (the "CCCDD Covenants"), subject to acceptance of the Developer Property within the CCCDD by the Central College Community Development Authority (the "CCCDA"). The CCCDD Covenants shall run with the land and shall require each current and future owner of all or any portion of the Developer Property to pay an annual Community Development Charge, as s...
Click here for full text