Explanation
BACKGROUND: Council previously adopted Resolution 0279X-2017 (the "Resolution of Necessity") on November 20, 2017, which declared the necessity of acquiring, constructing, installing, equipping, or improving off-street parking facilities at the northeast corner of the intersection of Lincoln Street and Pearl Street in the Short North area of Columbus and levying a special assessment in order to fund a portion of the costs to construct a parking garage that will include 125 public parking spaces (the “Project”). Council subsequently adopted Ordinance No. 1997-2018 (the "Ordinance to Proceed") on July 23, 2018, therein determining to proceed with the Project and the special assessment.
The Resolution of Necessity imposed Special Assessments on the Assessed Parcels in proportion to the special benefits conferred upon such Assessed Parcels from the Project in order to pay for a portion of the cost and expense of the Project.
This Ordinance authorizes the levy of the special assessment upon the lots and lands of the Special Benefit District ("Assessed Parcels") benefited by the construction of parking structure improvements at the northeast corner of the intersection of Lincoln Street and Pearl Street in the Short North area of Columbus, known as the Miscellaneous Economic Development - Short North Parking Garage - Lincoln & Pearl, as contemplated in Resolution 0279X-2017 and Ordinance 1997-2018 pursuant to Section 55(b) of the Charter of the City of Columbus determining that such action is necessary.
All of the costs of the Project have been assembled; the final assessment amount has been determined, the final assessment report prepared, and the assessing Ordinance should now be passed pursuant to Section 178 of the Charter of the City of Columbus.
FISCAL IMPACT: No funding is required for this ordinance.
EMERGENCY DESIGNATION: Emergency action is requested in order that the assessment process may be completed in time for the County Auditor to place ...
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