Explanation
BACKGROUND: Council previously adopted Resolution 0278X-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 Gravity Project located at the terminus of North May Avenue in the East Franklinton neighborhood of Columbus and levying a special assessment in order to fund a portion of the costs to construct a parking garage that will include 200 public parking spaces (the “Project”). Council subsequently adopted Ordinance No. 2096-2022 (the "Ordinance to Proceed") on July 18, 2022, 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 terminus of North May Avenue in the East Franklinton neighborhood of Columbus, known as the Economic Development - East Franklinton Parking Garage, as contemplated in Resolution 0278X-2017 and Ordinance 2096-2022 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 the assessments on the specially benefited lots and lan...
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