Explanation
Background:
The City of Columbus has entered into an Economic Development Agreement with the Gravity Project 2 LLC and Columbus Housing Partnership, Inc., dba Homeport for the Gravity 2 development project that will redevelop property generally bounded by West Broad Street to the North, McDowell Street to the West, CSX Transportation railroad tracks to the East and West State Street to the South. The City committed in the Economic Development Agreement to form a new community authority pursuant to ORC Chapter 349 to support that redevelopment. On November 11, 2019, a Petition for the Organization of the Gravity II Community Authority was submitted to City Council. City Council, as the organization board of commissioners, is now required by ORC Chapter 349 to determine the sufficiency of the Petition and set a public hearing date on the Petition.
Emergency Justification: Emergency action is requested in order to comply with statutory notice and hearing requirements and to facilitate the development of this project in a timely manner.
Fiscal Impact: No funding is required for this legislation.
Title
To determine that a petition to establish the Gravity II New Community Authority and District is sufficient and complies with the requirements of Ohio Revised Code Section 349.03 in form and substance; to set the time and place for a hearing on the petition; to authorize the notice by publication of such hearing; and to declare an emergency.
Body
WHEREAS, the Gravity Project 2 LLC (also known as The Gravity Project 2, LLC, and together, the “Developer”) plans to facilitate the redevelopment of approximately 5.34 acres of real property located within the municipal corporate boundaries of the City of Columbus, Ohio (the “City”), as a mixed-use development consisting of new retail, residential, commercial, and structured parking facilities and other complementary uses, as described in R.C. Chapter 349; and
WHEREAS, on November 11, 2019 the Developer...
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