Explanation
Following the submission of a petition for the organization of a new community authority (the “Petition”) under Chapter 349 of the Ohio Revised Code filed by M/I Homes of Central Ohio LLC, Dominion Homes, Inc., and Homewood Corporation (collectively, the “Developers”), City Council accepted and determined the Petition sufficient pursuant to Ordinance 0976-2008 passed on June 16, 2008 and Ordinance 1122-2008 passed on July 7, 2008. City Council then passed Ordinance 1271-2008 on July 28, 2008 to establish both the Central College Community Development Authority (the “Authority”) as a body politic and corporate and the Authority’s new community district. The four original citizen and local government representative trustees of the Authority (the “Trustees”) were appointed by Ordinance 1271-2008, and those Trustees have been subsequently replaced with new appointments by the processes provided in the Petition pursuant to Ordinance 1271-2008 and by the procedures established by City Council pursuant to Ordinance 1516-2011 passed on September 26, 2011. The Developers were responsible for appointing three of the original members of the Trustees, and they will be replaced pursuant to the procedures in the Petition and Ordinance 1516-2011. Section 349.04(C) of the Ohio Revised Code also stipulates that if a vacancy occurs in the office of a member other than a member appointed by the Developers, City Council may appoint a successor member for the remainder of the unexpired term. The purpose of this resolution is to appoint new members to the Trustees.
Emergency Justification: Emergency action is requested to allow the immediate appointment of members to the board of trustees of the Central College Community Development Authority in order for them to have a quorum to conduct business as required by Section 349.04 of the Ohio Revised Code prior to the Franklin County Auditor’s deadline to assess community development charges.
FISCAL IMPACT: No funding is requi...
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