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AMENDING ORD-0267-2005 PASSED BY THE CITY ON DECEMBER 27, 2005, TO SUPPLEMENT THE PUBLIC INFRASTRUCTURE IMPROVEMENTS BENEFITING AND SERVING THE MANOR HOMES INCENTIVE DISTRICT.
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WHEREAS, pursuant to Ohio Revised Code Sections 5709.40, 5709.42 and 5709.43, this Council on December 27, 2005 passed ORD-0267-2005 (the "TIF Ordinance ") thereby declaring improvements to parcels of certain real property located in the City generally referred to as the Manor Homes development (as described and depicted in the TIF Ordinance and referred to therein as the "Incentive District") to be a public purpose, exempting those improvements from real property taxation for thirty (30) years, specifying public infrastructure improvements (as described in the TIF Ordinance and referred to therein as the "Public Infrastructure Improvements") to be made to benefit or serve those parcels, providing for the making of service payments in lieu of taxes by the owners of the parcels, and establishing a municipal public improvement tax increment equivalent fund into which those service payments are deposited; and
WHEREAS, this Council desires to amend the list of Public Infrastructure Improvements included in the TIF Ordinance to provide for additional public infrastructure improvements benefiting or serving the Incentive District.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO, THAT:
Section 1. The Public Infrastructure Improvements set forth in Exhibit C to ORD-0267-2005 are hereby supplemented to include the public infrastructure improvements set forth in EXHIBIT A hereto, which are hereby determined to be improvements made, to be made or in the process of being made by the City that directly benefit or serve, or that once made will directly benefit or serve, the parcels in the Incentive District.
Section 2. Except as provided herein, all other provisions of the TIF Ordinance remain in full force and effect. This Cou...
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