Explanation
This Ordinance amends Ordinance No. 2168-2020 to modify the boundaries of the existing Far South Community Reinvestment Area ("Far South CRA") and extend real property tax exemptions for residentially zoned parcels within the existing boundaries. There is a need to amend the current boundaries to encourage new housing construction and the repair of existing facilities or structures. All exhibits referenced in this Ordinance are on file with the City Clerk’s office.
Title
To amend the Far South CRA to modify its geographic boundaries; to provide that the City’s existing Community Reinvestment Area Housing Council shall serve as the Housing Council for the Far South Community Reinvestment Area, as amended herein.
Body
WHEREAS, the City of Columbus has established a goal of fostering private sector investment to build mixed income neighborhoods dispersed throughout the City; and
WHEREAS, Ordinance No. 1698-78, approved August 3, 1978, authorized the Department of Development to carry out a Community Reinvestment Program, pursuant to Sections 3735.65 to 3735.70 of the Ohio Revised Code, and approved certain administrative procedures for the program; and
WHEREAS, Ordinance No. 2168-2020 created the Far South Community Reinvestment Area ("Far South CRA") and authorized real property tax exemptions within it, as provided per Ohio Revised Code; and
WHEREAS, Ordinance No. 1870-2022 and Ordinance No. 3357-2022 amended the Far South CRA to adopt the revised residential incentive policy codified in Chapter 4565 of the Columbus City Code; and
WHEREAS, the City’s current CRA Housing Council formed by the passage of Ordinance No. 2412-2003 on November 10, 2003, as required by R.C. Section 3735.69, shall serve as the CRA Housing Council for the Far South CRA; and
WHEREAS, the need exists to modify the current geographic boundaries of the Far South CRA to encourage new housing construction and the repair of existing facilities or structures; and
WHEREAS,...
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