Explanation
BACKGROUND: This Ordinance is presented as a result of Columbus City Council Resolution No 0281X-2019, passed November 25, 2019, determining the sufficiency of the petition to create the Gravity II New Community Authority (the “Authority”) and acknowledges that Authority as a body politic and corporate within the new community district (the “District”) along with its associated Board of Trustees.
Gravity Project 2 LLC (also known as The Gravity Project 2, LLC, and together, the “Developer”) plans to redevelop an approximately 5.34-acre site located within the municipal corporate boundaries of the City as a mixed-use development consisting of new retail, residential, commercial, and structured parking facilities and other complementary uses.
A public hearing, as required by Ohio Revised Code (“R.C.”) Section 349.03(A)(8) to establish a new community authority, was held on December 16, 2019.
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 determine that the Gravity II New Community Authority will be conducive to the public safety, convenience and welfare and is intended to result in the development of a new community; to declare that the Gravity II New Community Authority will be organized as a body politic and corporate, within the new community district, along with its associated Board of Trustees; to define the boundaries of the new community district; 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 com...
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