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File #: 0133X-2020    Version: 1
Type: Resolution Status: Passed
File created: 9/14/2020 In control: Economic Development Committee
On agenda: 9/21/2020 Final action: 9/24/2020
Title: To accept the recommendations of the 2020 Columbus Tax Incentive Review Council regarding the continuation, modification or cancellation of all property tax incentives based on the evaluation of Reporting Year 2019; and to declare an emergency.
Sponsors: Emmanuel V. Remy
Attachments: 1. 2020 TIRC Council Summary of Recommendations w Memo

 

Explanation

The annual City of Columbus (the “CITY”) Tax Incentive Review Council (the “TIRC”) was held on August 21, 2020 to evaluate the compliance status of the CITY’s property tax related incentives -Enterprise Zone Agreements, Post-1994 Community Reinvestment Area Agreements, Pre-1994 Community Reinvestment Areas and Tax Increment Finance Districts - for Reporting Year 2019. The Ohio Revised Code (under Section 5709.85) stipulates that on the basis of the determinations of the TIRC, on or before the first day of September of each year the TIRC must submit to the legislative authority written recommendations for continuation, modification or cancellation of each agreement. Additionally, a legislative authority that receives such recommendations must within sixty (60) days of receipt, hold a meeting and vote to accept, reject, or modify all or any portion of the recommendations. In a memorandum from the Director of the Department of Development to Columbus City Council (“COUNCIL”) dated August 27, 2020, the results of the TIRC were presented and attached to this memorandum was the document “2020 Columbus TIRC Summary of Recommendations.” A meeting was held on September 10, 2019 between representatives from COUNCIL and the Department of Development to review the recommendations. This resolution is requested to be considered to fulfill the stipulations set forth in Section 5709.85 of the Ohio Revised Code and by this resolution will accept the recommendations of the 2020 TIRC.

 

Title

To accept the recommendations of the 2020 Columbus Tax Incentive Review Council regarding the continuation, modification or cancellation of all property tax incentives based on the evaluation of Reporting Year 2019; and to declare an emergency.

 

Body

WHEREAS, the annual City of Columbus Tax Incentive Review Council (the “TIRC”) was held on August 21, 2020 to evaluate the compliance status of the CITY’s property tax related incentives for Reporting Year 2019; and

 

WHEREAS, these incentives included Enterprise Zone Agreements, Post-1994 Community Reinvestment Area Agreements, Pre-1994 Community Reinvestment Areas and Tax Increment Finance Districts; and

 

WHEREAS, Ohio Revised Code Section 5709.85 stipulates that on the basis of the determinations of the TIRC, on or before the first day of September of each year, the TIRC must submit to the legislative authority written recommendations for continuation, modification or cancellation of each agreement; and

 

WHEREAS, in a memorandum from the Director of the Department of Development to Columbus City Council dated August 27, 2020, the results of the TIRC were presented and attached to this memorandum was the document “2020 Columbus TIRC Summary of Recommendations” (see attached “2020 Columbus TIRC Summary of Recommendations”); and

 

WHEREAS, a legislative authority that receives such recommendations must within sixty (60) days of receipt, hold a meeting and vote to accept, reject, or modify all or any portion of the recommendations; and

 

WHEREAS, an emergency exists in the usual daily operation of the Columbus Department of Development for City Council to accept, reject, or modify all or any portion of the recommendations of the 2020 Columbus Tax Incentive Review Council; now, therefore,

 

BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBUS:

 

SECTION 1. That Columbus City Council hereby accepts the written recommendations presented by the 2020 Columbus Tax Incentive Review Council (see attached “2019 Columbus TIRC Summary of Recommendations”) thus fulfilling the obligations set forth in Ohio Revised Code Section 5709.85.

 

SECTION 2. That the Director of Development is hereby directed to notify as necessary any and all local and state agencies regarding this resolution.

 

SECTION 3. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this resolution is hereby declared to be an emergency measure and shall take effect and be in force from and after its adoption and approval by the mayor or ten days after adoption if the mayor neither approves nor vetoes the same.