Explanation
BACKGROUND: This legislation is to request the Council to approve the Petition, and the Articles of Incorporation (Attached) of the 5th Avenue and 4th Street Special Improvement District of Columbus, Inc., an Ohio not-for-profit corporation.
Chapter 1710 of the Ohio Revised Code, effective September 29, 1994 provides for the creation of Special Improvement Districts, by non-profit corporations governed by trustees elected by the property owners for the provision of special services in a designated district.
The City of Columbus currently has six Special Improvement Districts known as (SIDS): they are the Capital Crossroads SID, Discovery SID, Short North SID, Morse Road SID, University District SID and the East Main Street SID.
We now have a petition to approve a new SID in the 5th Avenue and 4th Street area to be known as the 5th Avenue and 4th Street Special Improvement District (5th Avenue and 4th Street SID) within the boundaries of the map, included in the Petition.
The property owners have initiated a one petition process in which the owners of at least 60% of the front footage of all real property located within the District signed, acknowledging that they are interested in the creation of Special Improvement District and they approve of the Plan for Improvements and Services to be provided by the 5th Avenue and 4th Street SID.
The petition and Articles of Incorporation are on file with the Clerk of the Columbus City Council.
The Council is also being asked to approve the inclusion of City owned properties as part of the Special Improvement District.
Emergency action is required to allow the 5th Avenue and 4th Street Special Improvement District of Columbus, Inc. to continue to establish a Special Improvement District in a timely manner.
FISCAL IMPACT: No funding is required for this legislation
Title
To approve the 5th Avenue and 4th Street Special Improvement District of Columbus, Inc. Petition and Articles of Incorporation and the inc...
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