TITLE
A RESOLUTION DETERMINING THE COMPLIANCE OF A PETITION FOR ORGANIZATION OF A NEW COMMUNITY AUTHORITY WITH OHIO REVISED CODE CHAPTER 349; AND SETTING A TIME AND PLACE FOR A PUBLIC HEARING ON THE PETITION
BODY
WHEREAS, on November 11, 2022, City Council approved through ORD-0062-2022 a development agreement with CP Crescent LLC that outlined a Community Reinvestment Area (CRA), Tax Increment Financing (TIF) District, development standards, and a New Community Authority (NCA) program for the area known as the Crescent at Central Park, property consisting of 41.0 +/- acres adjacent to the Interstate 270 and Hamilton Road interchange; and
WHEREAS, on February 6, 2024, the Clerk of Council received the developer's Petition for Organization of a New Community Authority; and
WHEREAS, the purpose of the New Community Authority is to encourage orderly development of a well-planned, diversified, and economically-sound new community; and
WHEREAS, a new community can include facilities for the conduct of industrial, commercial, residential, cultural, educational, and recreational activities designed in accordance with planning concepts for the placement of utility, open space, and other supportive facilities as authorized under Chapter 349 of the Ohio Revised Code; and
WHEREAS, NCAs have the power to purchase real or personal property; improve or sell real or personal property and community facilities; provide recreation, educational, health, social, vocational, and cultural activities primarily for residents of the district; collect service fees to cover community development programs; enforce collection of community development charges; issue debt and pay costs of operation and maintenance of community facilities; and
WHEREAS, NCAs do not have authority over zoning or subdivision regulations; provision of police or fire protection; or water supply or sewer treatment or disposal; and
WHEREAS, the Petition for Organization of a New Community Authority, names the ...
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