To amend Ordinance No. 1159-2005 to remove certain tax parcels exempted by that ordinance from the Lucent Commercial TIF and the East Broad Commercial TIF; to create the East Broad Westbourne TIF with those removed parcels plus additional adjacent parcels; to declare the improvements to the East Broad Westbourne TIF parcels to be a public purpose and exempt from real property taxation; to require the owner(s) of the parcels in the East Broad Westbourne TIF 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, Gahanna Jefferson City School District, and the Eastland-Fairfield Career & Technical School District; to deposit the remainder of those service payments into the East Broad Westbourne TIF Fund for financing public infrastructure improvements.

Committee

Economic Development & Small and Minority Business Committee

Requested by

Dev Drafter

Introduced

May 14, 2024

On agenda

June 24, 2024

Passed

June 26, 2024

Where it was heard

Columbus City Council Jun 24, 2024 Approved Pass Columbus City Council Jun 10, 2024 Read for the First Time

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