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TO AUTHORIZE THE MAYOR TO ENTER INTO CONTRACT WITH THE COMMUNITY IMPROVEMENT CORPORATION FOR IMPLEMENTATION OF THEIR STRATEGIC GOALS; TO SUPPLEMENTALLY APPROPRIATE $350,000 FROM THE URBAN REDEVELOPMENT TAX INCREMENT EQUIVALENT FUND TO THE GAHANNA COMMUNITY IMPROVEMENT CORPORATION (CIC).
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WHEREAS, the City of Gahanna by Ordinance 121-78, passed 12-19-78, enacted Code Section 133.06, to create the "Urban Redevelopment Tax Increment Equivalent Fund" as authorized by Ohio R.C. 5705.13 and 5709.43; and
WHEREAS, Gahanna Code Section 133.06(b)3 states monies deposited into the "Urban Redevelopment Tax Increment Equivalent Fund" shall be used for planning, administering and providing programs, activities, personnel and services for the development, redevelopment or renewal of the City, including but not limited to housing code administration and enforcement, zoning administration and enforcement, planning, subdivision regulation, urban renewal or redevelopment purposes, and other activities to eliminate and prevent the recurrence of blight or to redevelop deteriorating areas within the City; and
WHEREAS, the City of Gahanna by Ordinance 0112-2008, passed 5-19-2008, reconstituted the Gahanna Community Improvement Corporation as an agent of the City of Gahanna for the purpose of supporting the industrial, civic, commercial, distribution and research development of the City of Gahanna; and
WHEREAS, the CIC has adopted a strategic vision that focuses upon four strategic goals: 1) supporting the Gahanna Department of Development in marketing and promoting existing businesses and attracting new businesses to Gahanna; 2) enhancing the CIC's capacity to meet its mission; 3) maximizing the impact of CIC funds; and 4) access new sources of funding for CIC to implement strategic projects; and
WHEREAS, on March 19, 2012, Gahanna City Council passed Ordinance 0046-2012, which authorized the City to enter into a contract with the Gahanna CIC for the purposes set forth in said ordinance;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That the Mayor is hereby authorized to enter into agreement with the Community Improvement Corporation allowing them to implement their strategic goals, said agreement attached as EXHIBIT A.
Section 2. That THREE HUNDRED FIFTY THOUSAND DOLLARS ($350,000) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the Tax Increment Equivalent Fund to Account No. 224.343.5456, CIC Operating Expenses.
Section 3. That ORD-0001-2012, passed January 2, 2012 is hereby amended to reflect this supplemental appropriation.
Section 4. That this ordinance shall be in full force and effect upon passage by this Council and 30 days after date of signature approval by the Mayor.