Explanation
BACKGROUND: In 2003 the Discovery District Development Corporation asked Capitol South Community Urban Redevelopment Corporation to initiate an effort to work with Discovery District property owners to create a Special Improvement District (SID) on the east side of downtown. Property owners were surveyed and overwhelmingly were in support of seeing a proposal to create a SID. The SID was created for a five year period and has been very successful. The SID property owners now wish to terminate the existing Plan for Improvements and Services a year early and reauthorize the Discovery Special Improvement District for an additional five year period, with slightly different boundaries, but still called the Discovery Special Improvement District (map attached). The property owners initiated a one-petition process to reauthorize the SID in which at least 60% of the property owners within the District signed that they are interested in reauthorizing the SID and they approve of the plan for improvement and services to be provided by the SID (plan for improvements and services attached).
Companion legislation 0479-2010 is being presented that approves the petition and Articles of Incorporation of the Discovery Special Improvement District and the inclusion of properties owned by the City of Columbus in the district.
This resolution is for the approval of the Plan for Improvement and Services to be provided by the Discovery Special Improvement District of Columbus, Inc. pursuant to Ohio Revised Code Chapter 1710. This legislation is also for the approval of the properties of the municipal corporation in said plan for improvements and services.
FISCAL IMPACT: No funding is required for this legislation.
Title
To approve the plan for improvements and services to be provided by the Discovery Special Improvement District of Columbus, Inc.; and to approve the properties of the municipal corporation in said plan for improvements and services.
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