title
AN ORDINANCE DETERMINING TO PROCEED WITH THE ACQUISITION, INSTALLATION, EQUIPMENT, AND IMPROVEMENT OF CERTAIN PUBLIC IMPROVEMENTS IN THE CITY OF GAHANNA, OHIO IN COOPERATION WITH THE COLUMBUS REGIONAL ENERGY SPECIAL IMPROVEMENT DISTRICT (817 N. HAMILTON ROAD PROJECT).
BODY
WHEREAS, this Council duly adopted Resolution RES-024-2020 on November 2, 2020 (the "Resolution of Necessity"), (i) declaring the necessity of acquiring, installing, equipping, and improving energy efficiency improvements, including, without limitation, interior and exterior LED lighting, HVAC controls, high efficiency HVAC systems and units, and related improvements (the "Project," as more fully described in the Petition referenced in this Ordinance) located on real property owned by One Church (the "Owner") at 817 N. Hamilton Road, Gahanna, Ohio, and having tax parcel identification number 025-001918-00 (the "Property", as more fully described in EXHIBIT A to the Petition), as identified by the County Auditor of Franklin County, Ohio (the "County Auditor"); (ii) providing for the acquisition, installation, equipment, and improvement of the Project by the Owner, as set forth in the Owner's Petition For Special Assessments for Special Energy Improvement Projects and Affidavit (the "Petition"), including by levying and collecting special assessments to be assessed upon the Property (the "Special Assessments") in an amount sufficient to pay the costs of the Project, which was estimated to be $1,433,736.80, including other related costs of financing the Project, which may include, without limitation, the payment of principal of and interest on nonprofit corporate obligations issued to pay the costs of the Project and other interest, financing, credit enhancement, and issuance expenses and ongoing trustee fees and Columbus Regional Energy Special Improvement District (the "District") administrative fees and expenses; and (iii) determining that the Project will be treated as a special energ...
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