Explanation
Background: Pursuant to the Big Darby Accord Watershed Master Plan and Resolution 0216X-2008 adopted by Columbus City Council on April 20, 2009, three revenue generation sources were identified: tax increment financing (TIF), new community authority (NCA) development charges, and per unit developer contributions (collectively the “Big Darby Revenue”) for Big Darby Accord public improvements and other regionally beneficial public improvements within the Big Darby Accord area (the “Big Darby Revenue Program”). Blauser Capital LTD. (the “Developer”) has applied for rezoning (Rezoning Application #Z18-065) and received approval from the Development Commission in May 2019 to rezone property at or near the southeast corner of the intersection of West Broad Street and Alton & Darby Creek Road within the Big Darby Accord area and generally located at 6145 West Broad Street (tax parcel ID: 010-256886, known as the “Developer Property”). The Developer owns the ±126.3 acres encompassing the Developer Property and intends for a private investment of approximately $96.2 million to construct two-hundred sixty (260) multi-family units, one-hundred ninety-one (191) single family housing units, a maximum of 150,000 square feet of commercial uses, and private improvements (the “Development”). Consistent with Ordinance 0411-2021 submitted for City Council consideration to rezone, the Developer Property is subject to the requirements of the Big Darby Revenue Program.
This legislation authorizes the Director of the Department of Development to enter into an agreement (the “Big Darby Development Agreement”) with the Developer to outline the plans and respective commitments of the City and Developer for the fulfillment of Big Darby Revenue Program requirements in relation to the Developer Property.
Fiscal Impact: No funding is required for this legislation.
Emergency Justification: Emergency legislation is necessary to authorize the Director of Development to enter into ...
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