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AMENDING ORD-0214-2005, PASSED BY CITY COUNCIL ON DECEMBER 27, 2005 TO ADD ADDITIONAL PARCELS TO THE OLDE GAHANNA TIF AREA AND SUPPLEMENT THE INFRASTRUCTURE IMPROVEMENTS BENEFITING THE OLDE GAHANNA TIF.
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WHEREAS, pursuant to RC ?5709.40, this Council on December 27, 2005, passed ORD-0214-2005 (the "TIF Ordinance ") thereby declaring improvements to parcels of certain real property located in the City (as described and depicted in the TIF Ordinance and referred to therein as the "Parcels") to be a public purpose, exempting those improvements from real property taxation for a period of time, specifying public infrastructure improvements to be made to benefit those parcels, providing for the making of service payments in lieu of taxes by the owner(s) thereof, and establishing a municipal public improvement tax increment equivalent fund into which those service payments were to be deposited; and
WHEREAS, this Council desires to amend the Description and Map of the TIF Area included in the TIF Ordinance to add additional parcels to the Olde Gahanna TIF Area; and
WHEREAS, this Council desires to amend the list of Infrastructure Improvements included in the TIF Ordinance to provide for additional public infrastructure improvements benefiting the Parcels in the Olde Gahanna TIF; and
WHEREAS, notice of this ordinance has been delivered to the Gahanna-Jefferson City School District and the Eastland Joint Vocational School District within the time periods required by RC ?5709.40 and ?5709.83;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO, THAT:
Section 1. The Description and Map of the TIF Area set forth in EXHIBIT A of the TIF Ordinance are hereby supplemented to include the parcels set forth in EXHIBIT A hereto. Those parcels shall be considered "Parcels" for all purposes of the TIF Ordinance, as amended hereby. Pursuant to Section 2 of the TIF Ordinance, the exemption for each additional parcel ...
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