Explanation
BACKGROUND: This legislation authorizes the appropriation and expenditure of up to $315,000.00 and the Director of Development to enter into a contract with the Franklinton Special Improvement District of Columbus, Inc. in an amount up to $315,000.00.
In 2020 the Franklinton Special Improvement District of Columbus, Inc. was established for the purpose of creating a Special Improvement District (SID) within a designated area of the Franklinton neighborhood.
Columbus City Council approved Ordinance No. 0810-2020 on May 4, 2020 authorizing the SID Petition, Articles of Incorporation and the inclusion of properties owned by the City of Columbus in said district.
City Council then approved the Plan of Services to be provided by the Franklinton SID by Resolution No. 0069X-2020 passed May 18, 2020. The necessity to implement the Plan of Services and to levy a special assessment for the improvements and services was approved by City Council by Resolution No. 0103X-2020, passed June 29, 2020.
A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance No. 1895-2020, passed September 14, 2020. A portion of each assessment is to be returned to the SID for operational requirements as set forth in the District Plan.
This legislation disburses assessments to be collected in fiscal year 2021 to be returned to the SID.
Emergency action is requested to continue services without interruption.
FISCAL IMPACT: Funds for this expenditure will be received from the levy of assessments collected from property owners in the Franklinton Special Improvement District in 2021. These funds are deposited into and expended from Agency Fund 3314.
CONTRACT COMPLIANCE: Contractor compliance is pending.
Title
To authorize the appropriation and expenditure of up to $315,000.00 from Agency Fund 3314; authorize the Director of Development to enter into a contract with the Franklinton Special Improvement Distr...
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