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TO AMEND ORDINANCE 0141-2013 TO AUTHORIZE THE FRANKLIN COUNTY TREASURER TO MAKE PAYMENTS DIRECTLY TO GAHANNA-JEFFERSON PUBLIC SCHOOL DISTRICT AND THE EASTLAND-FAIRFIELD CAREER & TECHNICAL SCHOOLS AND RATIFYING PAST TRANSFERS OF FUNDS FROM THE COUNTY TREASURER TO GAHANNA-JEFFERSON PUBLIC SCHOOL DISTRICT AND THE EASTLAND-FAIRFIELD CAREER & TECHNICAL SCHOOLS IN CONNECTION WITH ORDINANCE-0141-2013.
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WHEREAS, this Council passed ORD-0141-2013 on December 16, 2013 (the "Central Park TIF Ordinance"), as amended by ordinance number ORD-0035-2018, which declared the improvement to certain parcels of real property in the City's Central Park area to be a public purpose and exempt from taxation; required the owners of those parcels to make service payments in lieu of taxes; provided for the distribution of the applicable portion of those service payments to the Gahanna-Jefferson Public School District and the Eastland Fairfield Career & Technical Schools (each, a "School District"); established a tax increment equivalent fund and provided for the collection and deposit of service payments into that fund; and specified the public infrastructure improvements directly benefiting the parcels; and
WHEREAS, this Council desires to amend Section 4 of the Central Park TIF Ordinance to authorize the Franklin County Treasurer to distribute directly to each School District, an amount equal to the amount each School District would otherwise have received from the City pursuant to Section 4(a) of the Central Park TIF Ordinance; and
WHEREAS, this Council desires to ratify prior payments transferred from and by the Franklin County Treasurer to the School Districts to the extent the City would have owed the School Districts such funds had the Franklin County Treasurer transferred such funds to the City pursuant to Section 4(a) of the Central Park TIF Ordinance.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, COUNTY OF FRANKLIN, STATE OF OHIO, THAT:
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