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HomeMy WebLinkAbout017-98 OrdinanceORDINANCE NO. 17-98 AN ORDINANCE DECLARING IMPROVEMENTS TO A CERTAIN PARCEL OF REAL PROPERTY TO BE A PUBLIC PURPOSE, DESCRIBING THE PUBLIC INFRASTRUCTURE IMPROVEMENTS TO BE MADE TO BENEFIT THAT PARCEL, REQUIRING THE OWNERS THEREOF TO MAKE SERVICE PAYMENTS IN LIEU OF TAXES AND TO SUBJECT THAT PARCEL AND RELATED PARCELS TO CERTAIN COVENANTS AND RESTRICTIONS ENFORCEABLE BY THE CITY, PROVIDING FOR PAYMENT OF A PORTION OF THOSE SERVICE PAYMENTS TO THE DUBLIN CITY SCHOOL DISTRICT AND ESTABLISHING A MUNICIPAL PUBLIC IMPROVEMENT TAX INCREMENT EQUIVALENT FUND FOR THE DEPOSIT OF THE BALANCE OF THOSE SERVICE PAYMENTS. WHEREAS, Ohio Revised Code Sections 5709.40, 5709.42 and 5709.43 provide that this Council may declare improvements to a parcel of real property located in the City to be a public purpose, thereby exempting those improvements from real property taxation for a period of time, specify public infrastructure improvements to be made to benefit that parcel, provide for the making of service payments in lieu of taxes by the owner thereof, provide for the distribution of the applicable portion of those service payments to the overlapping Dublin City School District and establish a municipal public improvement tax increment equivalent fund into which the balance of such service payments shall be deposited; and WHEREAS, Daimler Equities, acting through its related entity Capitol Square, Ltd. , has acquired certain real property located in the City, which property is described in Exhibit A hereto (the "Property"), and contemplates making improvements to the Properly, and this Council expects to make the public infrastructure improvements described in Exhibit B hereto, that once made would benefit the Property; and WHEREAS, the City has determined that it is necessary and appropriate and in the best interests of the City to provide for service payments in lieu of taxes with respect to the Property pursuant to Section 5709.42 of the Ohio Revised Code; and WHEREAS, in consideration for the City's determinations herein that the Improvements (as hereinafter defined) to the Property will be a public purpose, thereby enabling the City to provide for the making and financing of the public infrastructure improvements described in Exhibit B hereto and benefitting the Property, the owner of the Property has agreed that it, its successors and assigns and the Property and certain related parcels will be subject to and bound by the covenants and restrictions (the "Covenants and Restrictions") described in Exhibit C hereto, which Covenants and Restrictions will be enforceably by the City; WHEREAS, this City Council finds and determines that notice of this proposed Ordinance has been delivered to all affected school districts in accordance with Section 5709.83 of the Ohio Revised Code and hereby ratifies the giving of that notice; NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, Franklin, Union and Delaware Counties, Ohio, that: Section 1. Pursuant to and in accordance with the provisions of Ohio Revised Code Section 5709.40, this Council hereby finds and determines that 100% of the increase in true value of the Property subsequent to the effective date of this Ordinance (which increase in true value is hereinafter referred to as the "Improvement" as defined in Section 5709.40) is hereby declared to be a public purpose, and shall be exempt from taxation for a period commencing on the date of passage of this Ordinance and ending with the earlier of thirty (30) years from such date of passage or the date on which the City can no longer require semiannual service payments in lieu of taxes under Sections 5709.40 and 5709.42 of the Revised Code, all in accordance with the requirements of said Sections 5709.40 and 5709.42. Section 2. The public infrastructure improvements set forth in Exhibit B hereto and to be made by the City are hereby designated as those public infrastructure improvements that directly benefit, or that once made will directly benefit, the Property (the "Infrastructure Improvements"). Section 3. As provided in Section 5709.42 of the Revised Code, the owner of the Improvement is hereby required to, and shall make, service payments in lieu of taxes to the County Treasurer on or before the final dates for payment of real property taxes, applicable portions of which service payments shall be (i) distributed by the Franklin County Treasurer to the Dublin City School District, or (ii) deposited in the Upper Metro Place Project Municipal Public Improvement Tax Increment Equivalent Fund established in Section 4 hereof, all pursuant to Ohio Revised Code Sections 5709.40 and 5709.42 and as provided in Section 4 of this Ordinance. The Tax Increment Financing Agreement between and among the City and Capitol Square, Ltd., in the form presently on file with the Clerk of Council, providing for, among other things, the payment of such service payments in lieu of taxes and containing the agreement by Capitol Square, Ltd. that it and any successors and assigns to the Properly and the Property and certain related parcels will be bound by the Covenants and Restrictions, is hereby approved and authorized with changes therein not inconsistent with this Ordinance and not substantially adverse to this City and which shall be approved by the City Manager and Director of Finance. The City Manager and Director of Finance, for and in the name of this City, are hereby authorized to execute that Agreement, provided further that the approval of changes thereto by those officials, and their character as not being substantially adverse to the City, shall be evidenced conclusively by their execution thereof. This Council further hereby authorizes and directs the City Manager, the Clerk of Council, the Director of Law, the Director of Finance, or other appropriate officers of the City, to make such arrangements as are necessary and proper for collection from the owner of said service payments in lieu of taxes. Section 4. Pursuant to Ohio Revised Code Sections 5709.40 and 5709.42, the County Treasurer shall distribute to the Dublin City School District from those payments in lieu of taxes provided for in Section 3 of this Ordinance, and at the same time and in the same manner as real property tax payments, amounts equal to the amounts that School District would otherwise receive as real property tax payments derived from the Improvement absent the passage of this Ordinance. This Council hereby establishes pursuant to and in accordance with the provisions of Section 5709.43 of the Ohio Revised Code, the Upper Metro Place Project Municipal Public Improvement Tax Increment Equivalent Fund (the "Fund"). The Fund shall be in custody of the City and shall receive from those payments in lieu of taxes all amounts not distributed to the Dublin City School District. Those annual service payments in lieu of taxes with respect to the Improvements on the Property, so deposited and distributed pursuant to law as provided in Section 5709.42 of the Ohio Revised Code, shall be used solely for the purposes authorized in Ohio Revised Code Sections 5709.40, 5709.42 and 5709.43. The Fund shall remain in existence so long as such service payments are collected and used for the aforesaid purposes, after which said Fund shall be dissolved in accordance with said Section 5709.43 of the Ohio Revised Code. Section 5. Pursuant to Section 5709.40 of the Ohio Revised Code, the Clerk of this Council is hereby ~- directed to deliver a copy of this Ordinance to the Director of the Department of Development of the State of Ohio within fifteen days after its passage. On or before March 31 of each year that the exemption set forth in Section 1 hereof remains in effect, the Clerk or other authorized officer of this City shall prepare and submit to the Director of the Department of Development of the State of Ohio the status report required under Section 5709.40(E) of the Ohio Revised Code. Section 6. This Council finds and determines that all formal actions of this Council concerning and relating to the passage of this Ordinance were taken in an open meeting of this Council and that all deliberations of this Council that resulted in those formal actions were in meetings open to the public in compliance with the law. Section 7. This Ordinance shall be effective at the earliest date permitted by law. Signed: ;~ i' ,~ ~` siding Officer Attest: Clerk of Council Passed: 1998 w~. Effective:: 1998 1 hereby certify that copies of this Qtditwncel a Wei pasted in the City of Dublin in accer~once with Section 131.25 of the O~ae ihvised Code. ~~ ark Council, biin, Ohio -2- EXHIBIT A LEGAL DESCRIPTION OF PROPERTY The following real estate situated in the City of Dublin, County of Franklin and State of Ohio, as bounded and described as follows: >> P, i i A-1 EXHIBIT A DESCRIPTION OF I.84a ACRE TRACT AT T8E SOLrTFi4VEST CORNER OF U.S ROUTE 33/S.R 161 AND FRANTZ ROAD, _ DUBLIN, OHIO Situated in the State of Ohio, County of Franklin, City of Dublin, in Virginia Military Survey No. 2542-and being 1.842 acres-out ofa Z3.70d acre tract of land conveyed to Capitol Square, Ltd., by decd of. record in lnstrum~rrt 199802450026186 Recorder's Office, Franklin County, ""~" Ohio, and bounded and described as follows: „~„ $¢ginning, for referettco, at a point in the centerline of Finatz Road (variable width) and at the southeast comer of said'23.704 acre tract, said point being S S° 0?' 30" W a distance of 811.25 feet from a monumetrt box assctnbly found at the irmtcrsection. of the centerline of Frantz Read with the ccntcr]ine of U.S. 1Zoute 33/ S.R. 16T.. said .intersection being at centerline station 207+47.80 (U.S_ Route 33) and 4+$2.80 (Frantz Read) as shown on Sheet 14 of 2d, of the 1965 Ohio Department of Transportation Right-of--Way Plans., FRA-270-7.47N; thence N 83° I S' 23" W along a portion of the south tine of said 23.704 acre tract and along a portion of the north Line of Reserve "A, as shown upon the plai of Metrocenter, of record in Plat Book 55. Pages 8 and 9, Recorder's Office, Franklin County, Ohio a distance of 82.03 foot to a 3/4" l,D. iron pipe set at the intersection of the proposed west rig6trvf--way line of Frantz Road with the north line of said Reserve "A" and at the true place of beginning of the tract herein intended to be described (passing a point in the existing west right-of-way line of Frantz Road at 50.02 feet); thence continuing N 83° 1S' 23" W along a portion of the south line of said 23.704 acre tract along a portion of the north line of said Reserve "A" and along a portion of the north line of Lot Number One (1), as shown upon said plat of Metrocerrter, a distance of 400,18 feet to a 3/4" I.D. iron pipe set at the southeast corner of a proposed 2399 acre tract of land being conveyed out of said 23,704 acre tract; thence N S° 07' 30" 6 crossing a portion of said 23.704 acre tract and parallel with the centerline of Franb. Road and along the east lino of said proposed 2.399 acre tract a distance of 199.20 feet to a 3/4" I.D. iron pipe set in the south line of proposed Upper Metro Place (proposed to be 60 feet in width) and at the northeast corner of said proposed 2.399 acre tract; w~. thence S 82° 16' 03" E crossing a portion of said 23.704 acre tract and along a portion of the south line o~ said proposed Upper Metro Place a distance of 393.46 feet to a 3/4" I.D. iron pipe set at rho northwesterly end of a line connecting the south line of proposed Upper Metro Place with the proposed west tight of--way line of PYarttz Road: thence S 38° 34' 16" E crossing a portion of said 23.704 aeretrsct and along said connecting line a distance of 36.15 feet to a 3/4" I.D, iron pipe set in the proposed west right-of--way lint of 1~rantz Road; thence S 5° 07' 30" W along the proposed west right-of-way line of Frantz Road a distance of 98.83 feet to a 3/4" I.D. iron pipe set at an angle point in the proposod west rigbtof--way line of Frantz Road; A-2 EXHIBIT A thenco N 84° 52' 30" W along the south line of the proposod west right-of-way liar of Fzaatz Road and perpendicular to the caaterline of Frartb, Road a distance of 18,00 feet to a 3/4" I.D, iron pipe set at an angle point in the proposed west right-of-way liar of Frarb. Road; thence S 5° 0?' 30" W along the proposed west right-of--way line of Frantz Road a distance of 67.63 feet to the true place of beginning; containing 1.842 acres of land more or Less and bring subject to all easements and restrictions of record. ;,,~,,, The abovo description was prepared by Kevin L. Baxter, Ohio Surveyor No. 7697, of C.F. Bird ~ R.J. Bull, Inc.; Consulting Engineers & Surveyors, Columbus, Ohio, firom an actual field survey performed under 1Sis suporvision in December, 1997. Basis of bearings is the north lines of Res¢rve "A" and Lots Nos. 1, 2, and 3, boing N 83° 15' 23" W, as shown upon the plat of Metrocenter of record in Plat Book 55, Pages $ and 9, Recorder's Off cc, Frastktin County, Ohio. Kevin L. Baxter Ohio Sorveyvr ~?697 ~A~~ OF C?,S,f ~ ~''~ J Win} i 1. ; ~r g~~~ f 9 S-7~sT,o •-' ~clcTC`~v ~URVEY7~~ ~~ A-3 EXHIBIT B DESCRIPTION OF PUBLIC INFRASTRUCTURE IMPROVEMENTS The Public Improvements consist of the construction of approximately 1,800 lineal feet of road through Upper Metro Place connecting Metro Place North to Frantz Road. The public roadway improvements include three-lane pavement, curbs and gutters, street lighting, storm sewers, sidewalks and/or bikeways and landscaping within the right-of--way or public easements. In addition, the public improvements include related sewer and water improvements, design and other related costs, right-of--way acquisition, final plat preparation as required, erosion and sediment control measures, grading and other related work, survey work, soil engineering for the public street, construction staking and all other matters and activities necessary and appurtenant to those public improvements. ~rw ~, (3- l Exhib~~t ~ CARLILE PATCHEN & MURPHY MEMORANDUM DATE: March 12, 1998 TO: Dublin City Council .-. FROM: Stephen J. Smith RE: The Daimler Group -Development of S.R. 161/Frantz Road Property (Former McKitrick Property) Below please find a revised list of deed restrictions that have changes and additions which have occurred since our Council meeting on March 2, 1998: 1. Enforcement by the City -the City would be named specifically as a beneficiary of the covenants with the ability to enforce them. 2. Use of the Proper -the use of the property would be limited to offices, hotels and sit- down or full-service restaurants. All hotels on the site shall be such that there will only be interior corridor access to the rooms. Further, all air conditioning units shall be central and not have outside individual units 3. Densi -any office use of the property would be limited to 17,500 square feet per acre. 4. Building Height -within 250 feet of Frantz Road, building heights would be limited to 40 feet. Elsewhere on the property, building heights would be limited to 98 feet. 5. Building and Parking Setbacks - (a) Along the I-270 and S.R. 161 rights-of--way - (i) Buildings - SO feet (ii) Parking - 50 feet (b) Along the Loop Road (the new road through the development) right-of--way - __ __ (i) North side - SJS/BJG/290684 035505.667 (A) Buildings - 40 feet except for the Embassy Suites parcel which is 30 feet. (B) Parking - 18 feet [The Division of Planning must approve the landscaping, including berm height and opaque screening of at least 3.5 feet, between curb and parking with the intent of screening the view of parked cars from Loop Road.] The arkinQ lots will be satisfactorily screened from the road A plan, which includes the ROW ~radin~ perimeter bermin evergreen plantm~ and/or other materials will be co operatively designed by the developer and the City (ii) South Side - (A) Buildings - 30 feet, but 35 feet will be encouraged by the Developer. (B) Parking - 18 feet [The Division of Planning must approve the landscaping, including berm height and opaque screening of at least 3.5 feet, between curb and parking with the intent of screening the view of parked cars from Loop Road.] The parking lots will be satisfactorily screened from the road A lp an, which includes the ROW ~radin~ perimeter bermina_ evergreen planting and/or other materials will be co operatively designed by the developer and the City (c) Along the Frantz Road right-of--way - (i) North of the Loop Road intersection - (A) Buildings -not less than 150 feet from the centerline of Frantz Road (i.e., the setback will not jog with the road right-of--way). (B) Parking - as shown on the preliminary plat filed by the Developer. (ii) South of the Loop Road intersection - _ (A) .Buildings - as shown on the preliminary plat filed by the Developer. (B) Parking - as shown on the preliminary plat filed by the Developer. SJS/BJG/290684 035505.667 2 ~"" (d) Along the South property line - (i) Buildings - 5 feet, but the Developer will use its best efforts to save any trees "worth saving" along the property line (whether or not within ~ feet) which have at least a 6 inch diameter. The Developer and the City's Division of Planning will jointly identify the trees worth saving. (ii) Parking -same as building setback. (e) Along all new interior property lines - (i) Buildings - S feet on each side of the line, but landscaping along the interior property lines will be required. (ii) Parking -same as building setback. 6. Tree Preservation -any trees within road right-of--ways and building and parking setbacks will not be disturbed. Elsewhere, the Developer will use its best efforts to save all trees worth saving which have at least a 6 inch diameter, except those in the office building footprint. 7. Landscaping -all landscaping plans (including trees and other plants, mounding, sidewalks, fencing and ponds) will need to be approved by the City's Division of Planning. Landscaping Maintenance -The Developer shall provide the City of Dublin with an easement for the landscaping buffer on both 161/33 and Frantz Road The Developer and/or property owners shall be responsible for the installation and maintenance of all landscaping on the project. However the City of Dublin shall have the right to enhance said landscaping at its sole dtscretion and costs ,,,~ Further, in the event that the City determines that the above maintenance program is inadequate or not bema properly unplemented, the City may, in order to retain a first class appearance step in and complete and/or take over the maintenance in the above easement areas. - 8. Street Width -Loop Road will be 36 feet wide measured from the back of the curbs. 9. Si na e -all signage (whether on buildings or on the ground) will need to be approved by _ the City's Division of Planning. Although it is not reflected on the attached renderings for the Embassy Suites Hotel, it is anticipated that Embassy Suites will seek a signaQe variance for their site 10. Outside Lighting -all outside lighting will be consistent with the Metro Center lighting in terms of style and brightness (foot candles), and shall meet the Dublin Lighting Guidelines. SJS/BJG/290684 035505.667 3 11. Architecture - In order to ensure architectural integrity and uniformity within the development, the Developer will agree to ensure, through its review and approval process of all improvements to be constructed within the development (or substantial renovations or improvements thereto), that all improvements will be constructed in accordance with the same or substantially similar architectural styling to the proposed office building to be constructed by the Developer on the western-most property within the development. In addition, the Developer will agree to ensure that all exterior materials and color schemes will be consistent with afirst-class, office park development so that they will compliment "~"" the proposed office building styling and building materials. No improvements wilt hP constructed on any site within the development without the Developer's approval on all buildin elevations. The re-cast concreteYon the office lbuildin Wlwillebe llimited solely to the cylindrical entranceway to the office building and the backside of the office butldm~ will consist solely of brick and glass ..~ ~L lli~l. 111a~ci1tllS. ror Qurposes o clarifyin~ the immediately preceding sentence structures constructed on Lots 1 4 and 5 shall consist redotrunantl of brick and ma be au merited with re-cast limestone or cedar accents and trim. - ~u ~., L111VQJJ ~ui~es notes. the _uildin~ materials on said exhibits will not vary more than 10% as to the materials mix unless otherwise approved by the Director of Planning The following areas must also be addressed in the restrictive covenants or at the time the covenants are put in place: Amendments to the Covenants -the City must approve any amendments to or modifications of the covenants. 2. Term of the Covenants -the City must approve any termination of the covenants. 3. Liens -all mortgages and any other liens currently encumbering the property must be subordinated to the covenants to ensure the survival of the covenants. 4. Consideration -the consideration received by the Developer and the City should be recited specifically in the covenants to ensure the enforceability of the covenants by the City. 5. ~ Imposition of the Covenants -All of the above deed restrictions and covenants shall be imposed upon the entire development The City of Dublin shall be a third party beneficiary of these deed restrictions and covenants and shall have the authority to enforce the deed restrictions and covenants. The manner in which the deed restrictions and covenants are recorded shall be at the discretion of the Director of Law. 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