header-left
Share to Facebook Share to Twitter Bookmark and Share
File #: 3154-2022    Version: 1
Type: Ordinance Status: Passed
File created: 11/7/2022 In control: Economic Development Committee
On agenda: 11/21/2022 Final action: 11/23/2022
Title: To amend Ordinance 1947-2008 by removing Tax Parcel ID Nos. 010-306518 and 010-306519 (the “Additional Parcels”), Tax Parcel ID Nos. 010-287875 and 010-297361 owned by the City, and Tax Parcel ID Nos. 010-296933, 010-291856, and 010-291855 owned by the Board of Trustees of Prairie Township, from the Blauser-Summerlyn TIF; to amend Ordinance 2990-2021 to add the Additional Parcels to the West Broad Street TIF; to declare the improvements to the Additional Parcels to be a public purpose and exempt from real property taxation for the same exemption rate and period as the original West Broad Street TIF parcels; to require the owner(s) of the Additional Parcels to make service payments in lieu of taxes; to require the distribution of the applicable portion of those service payments to the Columbus City School District; to deposit the remainder of those service payments into the West Broad Street TIF Fund for certain public infrastructure improvements contemplated by the Big Darby - Blauser ...
Attachments: 1. 3154-2022 Exhibit A
Explanation

Background: Pursuant to the Big Darby Accord Watershed Master Plan and Resolution 0216X-2008, the City enacted a revenue program for public improvements within the Big Darby Accord area (the “Big Darby Revenue Program”). Ordinance 1947-2008 established a tax increment financing (TIF) incentive district south of West Broad Street between Galloway Road and Alton Darby Creek Road (the “Blauser-Summerlyn TIF”) pursuant to Ohio Revised Code Section 5709.40(C) to support the Big Darby Revenue Program and the then planned single-family development on the eastern portion of the Blauser-Summerlyn TIF. Due to the effects of the Great Recession, the western portion of the Blauser-Summerlyn TIF was not immediately developed, but by Ordinance 0411-2021, the City rezoned it to allow two-hundred sixty (260) multi-family units, one-hundred ninety-one (191) single family housing units, and a maximum of 150,000 square feet of commercial uses (the “Project”).

By authorization of Ordinance 2659-2021, the City and the Blauser Capital Ltd. (the “Developer”) then entered into the Big Darby - Blauser Farms Development Agreement dated November 22, 2021 (the “Agreement”). Per the Agreement, the parties desire to maximize the Big Darby Revenue Program from the Project by TIF exempting the multi-family improvements to immediately occur on Tax Parcel ID Nos. 010-306518 and 010-306519 (together the “Additional Parcels”) for a term not to exceed 30 years. Pursuant to Ohio Revised Code Section 5709.40(B) and Ordinance 2990-2021, the City established a new TIF area over Tax Parcel ID No. 570-184818 at the corner of West Broad Street and Doherty Road (the “West Broad Street TIF”) near the Project to support the Big Darby Revenue Program.

This legislation will amend Ordinance 1947-2008 to remove the Additional Parcels from the Blauser-Summerlyn TIF and amend Ordinance 2990-2021 to add the Additional Parcels to the West Broad Street TIF. The Columbus City Schools will continue to re...

Click here for full text