To amend Ordinance No. 2545-2020, as previously amended by Ordinance No. 3265-2021, by removing Franklin County Tax ID Parcel Nos 010-303975, 010-300555, and 010-300556 owned by Confluence Development LLC from the Stadium 41 TIF; to declare the improvements to those parcels to be a public purpose and exempt from real property taxation pursuant to R.C. 5709.41 to create the new Astor Park TIF; to require the owners of those 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 Schools; to establish an urban redevelopment tax increment equivalent fund for the deposit of the remainder of those service payments; to appropriate and authorize the expenditure and transfer of revenues deposited in the aforementioned Astor Park TIF fund; to authorize the Director of the Department of Development to enter into an amendment to the Tax Increment Financing and Cooperative Agreement dated February 23, 2021 by and among the City, the Confluence Community Authority, and Confluence Development LLC to provide those appropriated revenues to the Confluence Community Authority for certain obligations thereunder; and to declare an emergency.($0.00)

What this record is

Held by

Confluence Development LLC

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

Field

Public safety

public safety contracts in OH that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Economic Development & Small and Minority Business Committee

Requested by

Dev Drafter

Introduced

November 7, 2024

On agenda

November 18, 2024

Passed

November 21, 2024

Where it was heard

Columbus City Council Nov 18, 2024 Approved Pass

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