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HomeMy WebLinkAbout128-03 Ordinance RECORD OF ORDINANCES Dayton Legal Blank, Inc. Form No. 30043 Ordinance No. 128-~3 Passed 20 AN ORDINANCE AMENDING ORDINANCE NO. 82-97 PASSED JUNE 9, 1997 TO SUPPLEMENT THE PUBLIC IMPROVEMENTS T O BE MADE TO BENEFIT THE PARCELS IDENTIFIED IN THAT ORDINANCE AND PROVIDE FOR PAYMENT OF A PORTION OF THE SERVICE PAYMENTS RECEIVED TO THE DUBLIN CITY SCHOOL DISTRICT WHEREAS, pursuant to Ohio Revised Code Sections 5709.40, 5709.42 and 5709.43, this Council on June 9, 1997 passed Ordinance No. 82-97 (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 Property) to be a public purpose, exempting those improvements from real property taxation for a period of time, specifying public infrastructure improvements (as described in the TIF' Ordinance and r eferred t o t herein a s t he Infrastructure Improvements) t o be m ade t o benefit those parcels, providing for the making of service payments in lieu of taxes (the Service Payments) by the owner(s) thereof, and establishing a municipal public improvement tax increment equivalent fund (the Fund) into which those Service Payments were to be deposited; and WHEREAS, the TIF Ordinance provides that the exemptions authorized therein will terminate upon the earlier of (i) ten years or (ii) that number of years ending with the conclusion of the year in which the amount of service payments in lieu of taxes made in respect of the exemptions equals or exceeds $1,500,000; and WHEREAS, i t i s p resently expected t hat t he amount o f service p ayments i n l ieu o f taxes made in respect of the exemptions will exceed $1,500,000 in calendar year 2004; and WHEREAS, this Council desires to provide for a certain payment to the Dublin City School District as originally set forth in the TIF' Ordinance, specify additional public infrastructure improvements benefiting those parcels and provide for payments to the Dublin City School District equal to the amounts that School District would otherwise receive as real property tax payments; and WHEREAS, notice of this amendment to the TIF Ordinance has been timely delivered to the Dublin City School District and the Central Ohio Joint Vocational School District in accordance with Ohio Revised Code Section 5709.83; NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, Delaware, Franklin and Union Counties, Ohio, that: Section 1. Section 1 of the TIF Ordinance is hereby amended to provide as follows: "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 a public purpose, and all of said Improvement is hereby declared to be a public purpose for a period of 30 years and exempt from taxation commencing on the date of passage of this ordinance and ending on the earlier of 30 years from such date or on the date on which the City can no longer require service payments in lieu o f taxes u nder Section 5709.40 and 5709.42 of the Revised Code, all in accordance with the requirements of said Sections 5709.40 and 5709.42. To the extent that the aggregate amount of service payments in lieu of taxes made pursuant to Section 3 of this Ordinance and deposited into the Columbus RECORD OF ORDINANCES Dayton Legal Blank, Inc. Form No. 30043 - Ordinance No. 128-03 Passed Page 2 20 _ i Building, L.L.C./Brentlinger Enterprises Project Municipal Public Improvement Tax Increment E uivalent Fund the Fund thro h u December 31 2004 e uals q ( g ~ q or exceeds One Million Five Hundred Thousand Dollars ($1,500,000), the City shall pay to the Dublin City School District, no later than October 31, 2005, an amount equal to the aggregate amount of service payments in lieu of taxes made pursuant to Section 3 of this Ordinance and deposited into the Fund through December 31, 2004 minus $1,500,000. Commencin with those a ents in g heu of taxes received in res ect of Tax p ym p Year 2004 and those succeeding tax y ears for the remainder of the term set forth in the preceding paragraph and pursuant to Ohio Revised Code Sections 5709.40 and 5709.42, the Franklin 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, 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. The remaining monies shall be deposited into the Fund and used for the purposes set forth in subsections 4(i) and (ii) of this Ordinance." Section 2. Section 4 of the TIF Ordinance is hereby amended to provide as follows: "Section 4. This Council hereby establishes pursuant to and in accordance with the provisions of Section 5709.43 of the Ohio Revised Code, the Fund, into which shall be deposited all of the service payments in lieu of taxes distributed to the City with respect to the Improvements on the Property by or on behalf of the County Treasurer as provided in Section 5709.42 of the Ohio Revised Code, and hereby provides that all of the moneys deposited in the Fund shall be used solely for the following purposes: (i) To pay the cost of constructing the Infrastructure Improvements; and (ii) To pay the interest on and principal of bonds or notes issued by the City in order to finance the Infrastructure Improvements until such notes or bonds are paid in full. The Fund shall remain in existence so long as such service payments are collected a nd u sed f or t he a foresaid p urposes, after which s aid F and s hall b e dissolved in accordance with said Section 5709.43. Section 3. Existing Sections 1 and 4 of the TIF Ordinance are hereby repealed. Section 4. The p ublic infrastructure improvements set forth in Exhibit B to the TIF Ordinance and to be made or caused to be made by the City shall also include improvements to Perimeter Drive, from Emerald Parkway to Avery-Muirfield Drive, including the intersections at Commerce Parkway and Avery-Muirfield Drive, and the Avery-Muirfield Drive/Perimeter Loop and Avery-Muirfield Drive/Post Road intersections which benefit, or that once made will benefit, the Property (as defined in the TIF Ordinance). Section 5. Except as provided herein, all other provisions of the TIF Ordinance shall remain in full force and effect and the City Manager and Director of Finance are directed to make such arrangements as are necessary and proper for collection of the Service P ayments. The City M anager and t he D irector o f F inance are a uthorized t o prepare or cause to be prepared and to submit to this Council for approval any necessary amendments or supplements to that certain Tax Increment Financing and Economic Development Agreement between the City and Ruscilli Construction Co., Inc., Profit RECORD OF ORDINANCES Dayton Legal Blank, Inc. Form No. 30043 ~ Ordinance No. 128-03 Passed Page 3 , Zp Sharing Plan and Trust, Olde Poste Properties, Dublin Building, L.L.C., and Bretlinger Enterprises d/b/a Midwestern Auto Group/Midwestern BMW, which amendments or form of a se arate a Bement and rovidin for the a ent supplements maybe in the p gr p g p ym of further costs of the Public Infrastructure Improvement permitted and contemplated by this Ordinance. Those City officials are further authorized to provide such information and to execute, certify or furnish such other documents, and to do all of the things as are necessary for and incidental to carrying out the provisions of this Ordinance. i Section 6. Pursuant to Section 5709.40 of the Ohio Revised Code, the Clerk of 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. Section 7. 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 8. This Ordinance shall be in full force and effect on the earliest date permitted by law. Signed: i" Presi mg Officer Attest: Clerk of Council Passed:, i~ l~~f , 2003 Effective: ~ ~ ~ , 2004 I hereby certify that copies of this Ordinance/Resolution were posted in the City of Dublin in accordance with Section 731.25 of the Ohio Revised Code. Dep Clerk of Council, Dublin, Ohio i Deputy City Manager/Director of Finance 5200 Emerald Parkway • Dublin, OH 43017 CITY OF DUBLIN Phone: 614-410-4400 • Fax: 614-410-4490 Memo To: Members of Dublin City Council(( From: Jane S. Brautigam, City Managervar...~~ S • (J Date: November 12, 2003 Initiated By: Marsha I. Grigsby, Deputy City Manager/Director of Finance Re: Ordinance No. 128-03, An Ordinance Amending Ordinance 82-97 (Ruscilli Tax Increment Financing (TIF) District) SUMMARY: Ordinance No. 128-03 provides for amendments to the existing legislation that established the Ruscilli TIF district. The Ruscilli TIF district was established in 1997 to provide a funding mechanism for the construction of Venture Drive which provided access to approximately 77 acres of commercially zoned land located between US 33/SR 161 and Perimeter Drive. The modifications proposed by Ordinance No. 128-03 provides for the implementation of a "non-school TIF" after the terms of the "straight TIF" expire and the addition of improvements to Perimeter Drive from Emerald Parkway to Avery-Muirfield Drive, including the intersection at Avery-Muirfield Drive, and improvements to Avery-Muirfield Drive/Perimeter Loop and Avery-Muirfield Drive/Post Road intersections to the Description of the Public Improvements. These modifications will extend the period of time that service payments will be received and allow the "non-school TIF" service payments to be utilized for costs related to future improvements to Perimeter Drive and the identified intersections, including acquisition and design costs. The additional public improvements are not currently identified in the City's five-year Capital Improvements Program. The improvements were identified in the Coffman Park Task Force Report recently adopted by City _ Council. Modifying the existing legislation will allow the City to begin collecting and reserving the service payments from the "non-school TIF" for the future improvements. The City will be reimbursed for the costs incurred to construct Venture Drive in 2004. Ordinance No. 128-03 will allow the City to continue to receive service payments beyond 2004 on the non-school district property tax millage and reserve those funds for the future infrastructure improvements identified. The modification of the TIF district and the reservation of the "non-school TIF" service payments will not result in an obligation to initiate the construction of the improvements within a certain period of time. Based on current market values assigned by the Franklin County Auditor and the current effective millage rates, the modified Ruscilli TIF will generate an estimated $175,000 in service payments annually. Preliminary estimates for the identified public improvements are $2.8 million. The required notice has been sent to the Dublin City School District and the Central Ohio Joint Vocational School District. Copies of Ordinance No. 82-97, Resolution No. 41-03 and a TIF map are attached for reference. RECOMMENDATION: It is recommended that Ordinance No. 128-03 be adopted at the December 15, 2003 City Council meeting. CITY OF DUBLIN Memo Office of the City Manager 5200 Emerald Parkway Dublin, Ohio 43017-1006 Phone: 614-761-6500 Fax: 614-889-0740 To: Members of Dublin City Council From: Timothy C. Hansley, City Manager Date: May 15, 1997 Re: Ordinance No. 82-97 Tax Increment Financing For The 73~ Acre Ruscilli Site On The Southside of Perimeter Drive Initiated by: Marsha I. Grigsby, Director of Finance As City Council is aware, discussions with regard to establishing a tax increment financing (TIF) district for the above referenced site (see attached map for reference) have been in progress for many months. Based on consensus reached by the parties involved, Ordinance No. 82-97 authorizes the establishment of a TIF district for the 73f acre site, defines the private and public improvements to be constructed and provides for service payments in lieu of property taxes to be collected and used as the funding source to pay for the public improvements. An amended Income Tax Revenue Sharing Agreement will be entered into between the City and the Dublin City School District. This agreement will allow the City to receive 100% of the increase in real property value (private improvements) without having to share withholding income tax revenue generated from the new employee payroll by each employer which is an occupant within the TIF district. This agreement will be similar to the amended agreement entered into as a result of the TIF established for the "Thomas/Kohler site". ORDINANCE N0. AN ORDINANCE DECLARING IMPROVEMENTS TO CERTAIN PARCELS OF REAL PROPERTY TO BE A PUBLIC PURPOSE, DESCRIBING THE PUBLIC INFRASTRUCTURE IMPROVEMENTS TO BE MADE TO BENEFIT THOSE PARCELS, REQUIRING THE OWNERS THEREOF TO MAKE SERVICE PAYMENTS IN LIEU OF TAXES, AUTHORIZING A CITY AGREEMENT WITH RUSCILLI CONSTRUCTION CO. INC. PROFIT SHARING PLAN AND TRUST AND OLDE POSTE PROPERTIES, COLUMBUS BUILDING, L. L. C. AND BRENTLINGER ENTERPRISES WITH RESPECT TO THOSE PAYMENTS, ESTABLISHING A MUNICIPAL PUBLIC IMPROVEMENT TAX INCREMENT EQUIVALENT FUND FOR THE DEPOSIT OF SUCH SERVICE PAYMENTS, AUTHORIZING A RELATED AMENDMENT OF AN AGREEMENT WITH THE DUBLIN CITY SCHOOL DISTRICT, AND DECLARING AN EMERGENCY. WHEREAS, Ohio Revised Code Sections 5709.40, 5709.42 and 5709.43 provide that this Council may declare improvements to parcels 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 those parcels, provide for the making of semiannual service payments in lieu of taxes by the owners thereof, and establish a municipal public improvement tax increment equivalent fund into which such service payments shall be deposited; and WHEREAS, Ruscilli Construction Co. Inc. Profit Sharing Plan and Trust and Olde Poste Properties presently owns all of the property described on Exhibit A hereto (the Property), all of which Property is located in the City, and Columbus Building, L.L.C. d/b/a Gordon Flesch Company, Inc. and Brentlinger Enterprises d/b/a Midwestern Auto Group will each acquire certain portions of that property as shown on Exhibit A and Columbus Building, L.L.C. and Brentlinger Enterprises presently intend to make improvements to the portions of the Property to be acquired by each of them, and this Council expects to make the public infrastructure improvements (the Infrastructure Improvements) generally described in Exhibit B hereto that once made would directly 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 semiannual service payments in lieu of taxes with respect to the Property pursuant to Section 5709.42 of the Ohio Revised Code (the Tax Increment Financing); and WHEREAS, the implementation of this Tax Increment Financing is contingent on the execution of the Amendment to the Municipal Income Tax Revenue Sharing Agreement referred to in Section 5 of this Ordinance; WHEREAS, notice of this proposed Tax Increment Financing has been delivered to the Dublin City School District in accordance with Section 5709.40 of the Ohio Revised Code and to the Central Ohio Joint Vocational School District in accordance with Section 5709.83 of the Ohio Revised Code, and pursuant to Section 5709.40 the Dublin City School District has approved or is deemed to have approved the exemptions provided for hereby; NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, Counties of Franklin, Union and Delaware, State of 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 "Improvements" as defined in Section 5709.40) is a public purpose, and 100% of the Improvements is hereby declared to be a public purpose and exempt from taxation for a period commencing on the date of passage of this Ordinance and ending with the earlier of the lesser of (i) ten (10) years or (ii) that number of years ending with the conclusion of the year in which the amount of service payments in lieu of taxes made pursuant to Section 3 of this Ordinance and deposited into the Columbus Building, L.L.C./Brentlinger Enterprises Project Municipal Public Improvement Tax Increment Equivalent Fund (the Fund) established pursuant to Section 4 of this Ordinance equals or exceeds the one and one-half million dollar ($1,500,000) cost of Infrastructure Improvements to be paid from that Fund, and the Amendment to the Municipal Income Tax Revenue Sharing Agreement referred to in Section 5 of this Ordinance shall provide that any amount received into that fund in excess of $1,500,000 shall be paid to the Dublin City School District. In no event shall such exemption extend beyond 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 Infrastructure Improvements set forth in Exhibit B hereto are hereby designated as those Infrastructure Improvements that directly benefit, or that once made will directly benefit, the Property. Section 3. As provided in Section 5709.42 of the Revised Code, the respective owner or owners of the Improvements are hereby required to, and shall make, semiannual service payments in lieu of taxes to the County Treasurer on or before the final dates for payment of real property taxes, which service payments shall be deposited in the Fund established pursuant to Section 4 of this Ordinance. The Tax Increment Financing and Economic Development Agreement by and among the City and Ruscilli Construction Co., Inc. Profit Sharing Plan and Trust and Olde Poste Properties, Columbus Building, L.L.C. and Brentlinger Enterprises, a copy of which is on file with the Clerk of Council, under which the Ruscilli Construction Co., Inc. Profit Sharing Plan and Trust and Olde Poste Properties, Columbus Building, L.L.C. and Brentlinger Enterprises respectively agree to make semiannual service payments in lieu of taxes for those portions of the property owned by each of them, is hereby approved, and the City Manager and Director of Finance are hereby authorized and directed to execute said Agreement on behalf of the City in substantially the form on file with the Clerk of Council, together with such revisions or additions thereto as are approved by the City Manager and Director of Finance, and those City officials are further authorized to provide such information and to execute, certify or furnish such other documents, and to do all other things as are necessary for and incidental to carrying out the provisions of that Agreement. Section 4. This Council hereby establishes, pursuant to and in accordance with the provisions of Section 5709.43 of the Ohio Revised Code, the Columbus Building, L.L.C./Brentlinger Enterprises Project Municipal Public Improvement Tax Increment Equivalent Fund, into which shall be deposited all of the semiannual service payments in lieu of taxes distributed to the City with respect to the Improvements on the Property by or on behalf of the County Treasurer as provided in Section 5709.42 of the Ohio Revised Code, and hereby provides that all of the moneys deposited in the Fund shall be used solely for the following purposes: (i) To pay the cost of constructing the Infrastructure Improvements; (ii) To pay the interest on and principal of bonds or notes issued by the City in order to finance the Infrastructure Improvements until such notes or bonds ac-e paid in full; and (iii) To make payments to the Dublin City School District as provided in Section 1 of this Ordinance. The Fund shall remain in existence so long as such service payments ai-e collected and _ _ used for the aforesaid purposes, after which said Fund shall be dissolved in accordance with said Section 5709.43. Section 5. The Amendment to the Municipal Income Tax Revenue Sharing Agreement dated February 27, 1995, between the City and Dublin City School District, a copy of which Amendment is on file with the Clerk of Council, under which the School District agrees it will not receive municipal income tax payments under Section 5709.82 of the Revised Code with respect to the exemption under this Ordinance, is hereby approved, and the City Manager and -2- Director of Finance are hereby authorized and directed to execute that Amendment on behalf of the City in substantially the form on file with the Clerk of Council, together with such revisions or additions thereto as are approved by the City Manager and Director of Finance. Section 6. Pursuant to Section 5709.40 of the Ohio Revised Code, the Clerk of 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 of Council 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(D) of the Ohio Revised Code. Section 7. 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 ]aw. Section 8. This Ordinance is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health, safety and welfare of this City and for the further reason that it is immediately necessary to provide for the funding for the Infrastructure Improvements so that the Infrastructure Improvements may be constructed as quickly as possible, thereby permitting development of the Property which will provide needed jobs and employment opportunities; wherefore, this Ordinance shall be in full force and effect immediately after its passage. Signed: l _ c Presiding Officer Attest: ~~'~w4_. ~~~-C'~~~~ Clerk of Council Passed: „t~.,,~ ~ 1997 Effective: / ~ ~ 1997 -3- 1 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY DESCRIPTION OF A 75.878 ACRE TRACT OF LAND, LOCATED SOUTH OF POST ROAD, AND EAST OF PERIMETER LOOP ROAD IN THE CITY OF DUBLIN, FRANKLIN COUNTY, OHIO. Situated in the State of Ohio, County of Franklin, City of Dublin, and being in Virginia Military Survey No.'s 2542 and 2999, being bounded and described in particular, as follows: Beginning for reference at a railroad spike found in the centerline of Post Road (60 ft. wide), said spike marking the northeast corner of a remainder of the 115.00 acre tract of land described and conveyed to Olde Poste Properties by deed of record in Official Record 13476, E-20, all records herein at the Franklin County Recorder's Office, and said spike also marking the northwest corner of METRO NORTH BUSINESS PARK as shown and delineated in Plat Book 66, Page 71; thence South 2°53'01" East, 1569.62 feet along the east line of the remainder of said 115.00 acre Olde Poste tract, said line also being the west line of said Metro North Business Park, to an iron pin set in the southerly right of way line of Perimeter Drive (80 ft. wide) as shown and delineated in Plat Book 85, Pages 51, 52 and 53; and marking the true point of beginning for this description; thence South 2°53'01" East, 1081.99 feet continuing along the east line of the remainder of said 115.00 acre Olde Poste tract, said line also being the west line of said Metro North Business Park, to an iron pin set in the north limited access right of way line of U.S. Rt. 33 and St. Rt. 161 as shown and delineated on sheet 11 of 24 of Ohio Department of Transportation right of way plans FRA-270-7.47 N, said pin marking a southeast corner of the remainder of said 115.00 acre Olde Poste tract, and said point also marking the southwest corner of said Metro North Business Park; thence with the north limited access right of way line of U.S. Rt. 33 and St. Rt. 161 the following five (5) courses and distances: 1. North 87°56'25" West, 380.42 feet to an iron pin found; 2. South 80°44'59" West, 203.96 feet to an iron pin found; 3. North 87°56'25" West, 500.03 feet to an iron pin found; 4. North 87°08'43" West, 347.49 feet, passing an iron pin found at 85.79 feet marking a southwest corner of the remainder of said 115.00 acre Olde Poste tract, said iron pin marking the southeast corner of a 27.193 acre tract to Jack Ruscilli, Trustee, et al., in O.R. 8542, E-17; 5. North 87°58'11" West, 1190.0 feet to an iron pin set marking a southwest corner of said 27.193 Ruscilli tract, and said point also marking the southeast corner of a 0.240 acre parcel of land (a.k.a. 18A WD) to the State of Ohio in Deed Book 2812, Page 485; - thence with.the east and north line of said parcel 18A - WD the following four (4) courses and distances: 1. North 2°01'49" East, 75.00 feet to a point; 2. North 38°34'15" West, 46.10 feet to a point; 3. North 55°25'47" West, 46.49 feet to a point; { 4. North 87°58'11" West, 30.10 feet to a railroad spike set in the centerline of said Perimeter Loop Road, said point marking a southwest corner of said 27.193 acre Ruscilli tract; thence North 2°56'07" West, 748.27 feet along centerline of said Perimeter Loop Road, passing the northwest corner of said 27.193 acre Ruscilli tract at 643.07 feet, to a railroad spike set, marking the northwest corner of the remainder of said 115.00 acre Olde Poste tract; thence North 87°03'53" East, 30.00 feet perpendicular to the centerline of said Perimeter Loop Road to an iron pin set in the east right of way line of said Perimeter Loop Road said pin marking a northwesterly corner of the remainder of said 115.0 acre Olde Poste tract, and said point also marking a southwesterly corner of a 4.27 acre remainder of a 16.003 acre tract to Olde Poste Properties in O.R. 10466, J-11; thence North 2°56'07" West, 201.42 feet along the east right of way line of said ,Perimeter Loop Road said line also being the west line of said 4.27 acre remainder Olde Poste tract, to an iron pin set at the point of curvature in the transition of the east right of way line of said Perimeter Loop Road to the south right of way line of Perimeter Drive (80 ft. wide) as shown and delineated in Plat Book 72, Pages 79 & 80; thence with the arc of a curve being the transition curve in the east right of way line of said Perimeter Loop Road to the south right of way line of said Perimeter Drive, having a central angle of 90°00'00", a radius of 30.0 feet, the chord of which bears North 42°03'53" East, 42.43 feet to an iron pin set at the point of tangency in the south right of way line of said Perimeter Drive, said line also being the north line of said 4.27 acre remainder Olde Poste tract; thence North 87°03'53" East, 704.68 feet along the south right of way line of said Perimeter Drive, said line also being the north line of said 4.27 acre remainder Olde Poste tract and a north line of the remainder of said 115.0 acre Olde Poste tract, passing the northeast corner of said 4.27 acre remainder Olde Poste tract at 612.0 feet, to an iron pin set at the point of curvature in the south right of way line of said Perimeter Drive; thence with the arc of a curve to the left, being the south right of way line of said Perimeter Drive, said line also being a north line of the remainder of said 115.0 acre Olde Poste tract, said curve having a central angle of 14°00'00", a radius of 1240.00 feet the chord of which bears North 80°03'53" East, 302.24 feet to an iron pin set at the point of tangency in the south right of way line of said Perimeter Drive; thence North 73°03'53" East, 223.82 feet along the south right of way line of said Perimeter Drive, said line also being a north line of the remainder of said 115.0 acre Olde Poste tract, to an iron pin set - at a point of curvature in the south right of way line of said Perimeter Drive; thence with the arc of a curve to the right, being the south right of way line of said Perimeter Drive, said line also being a north line of the remainder of said 115.0 acre Olde Poste tract, said curve having a central angle of 39°33'06", a radius of 1160.0 feet the chord of which bears South 87°09'34" East, 784.95 feet to an iron pin set at a point of tangency in the south right of way line of said Perimeter Drive; thence South 67°23'01" East, 423.91 feet along the south right of way line of said Perimeter Drive, to an iron pin set at a point of curvature in the south right of way line of said Perimeter Drive; thence with the arc of a curve to the left, being the south right of way line of said Perimeter Drive, said curve having a central angle of 23°34'52", a radius of 640.0 feet the chord of which bears South 79°10'27" East, 261.55 feet to a point non-tangent to the south right of way line of said Perimeter Drive and to the point of beginning containing 75.878 acres of land more or less; the basis of bearing used in this description is the same meridian as used in the plat book 72 page 79. This description was prepared by Pomeroy and Associates, Inc., Consulting Engineers and Surveyors, Worthington, Ohio from available records, and field information. POMEROY AND ASSOCIATES, INC. s i/ 9~ y Je ry Ryser, .S. Date Ohio Registered Professional Surveyor No. 7599 { POST ROAD r---- - - - - - - - \ 1.8 ACRES \ I I DAY CARE I 1.4 ACRES METATEC _ _ _ _ 14.5 ACRES ~ ~ DELUXE CHECK ~ I 1 4.4 ACRES 3.6 ACRES / f I I oas~rrc Porn I FRIDGIDAIRE f ~ 13.5 ACRES I I I ' STATE FARM / 5.4 ACRES I I 4.8 ACRES 5.5 ACRES 4.1 ACRES I ~RI`~ - I I ~ER 4.1 ACRES ~ l FUTURE FUTURE FUTURE / DEVELOPMENT DEVELOPMENT ~ DEVELOPMENT - 4.1 ACRES 4.1 ACRES ~ I` 4.1 ACRES / I FUTURE DEVELOPMENT*_ I 3.2 ACRES FUTURE I MIDWEST AUTO DEVELOPMENT FUTURE FUTURE GROUP 5.9 ACRES DE~LOPMENT DEVELOPMENT FUTURE ~ 4.0 ACRES a ~ 14.5 ACRES \ 4.3 ACRES ~ DEVELOPMENT PROPOSED WAS, STREET 3.4 ACRES ~ ~ r ~J' 367.00' ~ l 50' ' FUTURE ~ I DEVELOPMENT FUTURE FUTURE 7.4 ACRES DEVELOPMENT CORDON 6.0 ACRES DEVELOPMENT FLESCH 6.0 ACRES 4.2 ACRES `~'.Y 1'.... ~ . ~ . ~ 'r STATE ROUTE 181 ~ -~,.j.. _ _ - - PREPARED 8Y: . ~ .~.rea to be. SCALE: 1"= 400' Omer Q r n c l u c~ e d i n I F SSOC1 .~1c,-es 0 200 400 c~,-,~rr,~y *.,s ~ .sue 6877 North Kigh StreeE • Tiorthington, Ohio 43085 Phnne(814)BB5-2498 • Fe~e14)885-2888 EXHIBIT B DESCRIPTION OF PUBLIC IMPROVEMENTS The public infrastructure improvements consists of pavement and appropriate appurtenances of an extension of Wall Street south of Perimeter Drive from the existing intersection with Perimeter Drive to loop back to connect to Perimeter Drive at the existing intersection of Metatec Boulevard with Perimeter Drive, approximately 2,850 feet in length. The City will also construct approximately 4,280 feet of sanitary sewer, including abandoning in place and replacing approximately 225 feet of existing sanitary sewer near the existing eastern terminus of Wall Street. The City will also construct all of the required public improvements located within the public right-of-way or easements granted to the City including earthwork, asphalt, curbing, landscaping within the right-of-way or easements, sidewalks, street lighting, and pavement markings and traffic signing. In addition, the City will construct storm sewers and water lines in general conformance with the approved preliminary plat. Such improvements also include all necessary easements, rights-of-way, plats, plans, permits and other related documents or construction not specifically mentioned, but which is required for constructing said improvements. RECORD OF RESOLUTIONS Dayton Legel Blank, Inc., Form No. 30045 Resolution No. 41-03 (Amerided~ Passed . 20 A RESOLUTION ADOPTING THE , ` COFFMAN PARK EXPANSION TASK FORCE REPORT WHEREAS, Dublin City Council adopted Resolution 17-02 which created the Coffman Park Expansion Task Force and appointed eight members to serve on the Task Force; and WHEREAS, the Coffman Park Expansion Task Force has conducted numerous meetings to study, review, discuss and consider a wide range of optional park expansion ideas, traffic issues and long-range plans and visions; and WHEREAS, the Coffinan Park Expansion Task Force has solicited and received significant public input, reaction, comments and suggestions from neighborhood civic associations in the Coffman Park vicinity, neighboring property owners, Tara Hill residents and citizens throughout the Dublin community; and WHEREAS, the Coffman Park Expansion Task Force has completed its assigned tasks and has formulated and compiled its recommendations and concept plans into the Coffman Park Expansion Task Force Report; and WHEREAS, the Coffman Park Expansion Task Force has discussed their concept plans and recommendations with City Council at the October 28, 2003 study session, NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin, State of Ohio, of the elected members concurring, that: Section 1. The Coffman Park Expansion Task Force Report is hereby accepted and adopted by City Council as a policy guide in the future development and expansion of the Coffman Park. Section 2. City Council hereby acknowledges and appreciates the extraordinary efforts of the Coffinan Park Expansion Task Force members. Section 3. Implementation of the infrastructure recommendations of this Plan shall be done only after necessary traffic calming elements are implemented on Tara Hill and other adjoining residential areas that maybe affected by the adopted Plan. Section 4. This Resolution shall take effect and be in force from and after the earliest date provided by law. Passed this J~ r"~ da of /(/v vGlnb t'r , 2003. Mayor -Presiding Officer ATTEST: L Clerk of Council Office of the City Manager 5200 Emerald Parkway • Dublin, OH 43017 Phone: 614-410-4400 • Fax: 614-410-4490 CITY OF DUBLIN Memo To: Members of the Dublin City Council From: Jane S. Brautigam, City Manager ~ ca.~-~-J• 13 Date: November 3, 2003 Re: Coffman Park Expansion Task Force Summary: On October 28, 2003, the Council met in a study session with the Coffman Park Expansion Task Force to receive their final report. The attached resolution would adopt the report and plan recommended by the Task Force. A major~feature of the Task Force recommendations are a series of intersection and road improvements on Avery-Muirfield, Post Road, Perimeter Drive and Emerald Parkway. For your information, I am enclosing a memo that I received from Finance Director Marsha Grigsby suggesting that the City maybe able to fund some of these improvements through modifications to the Perimeter Center and Ruscilli TIFs. Ordinances making these modifications will be presented to City Council for first reading on November 17, 2003. Recommendation: Approve resolution adopting the Coffinan Park Expansion Task Force report and plan. Depu City Manager/Director of Finance 5200 )~merald Parkway • Dublin, OH 43017 Phone: 614-410-4400 • Fax: 614-410-4490 C[TY OF DUBLIN M e m o To: Jane S. Brautigam, City Manager From: Marsha I. Grigsby; Deputy City Manager/Director of Finance Date: October 20, 2003 Re: Modification of Existing Tax Increment Financing Districts Several times each year I review and evaluate the status of the City's tax increment financing (TIF) districts. As part of my recent review, I was thinking about ways that we could utilize our existing TIFs for future infrastructure improvements. As you are aware, it continues to be a challenge to program needed infrastructure improvements due to funding limitations. There are two TIF districts that I think we should consider modifying the authorizing legislation, the Perimeter Center TIF and the Ruscilli TIF. These TIFs are both "straight" TIFs. The City has been receiving 100% of the service payments or payments in lieu of taxes (PILOTS) from the incremental increase in the value of the private improvements constructed since the TIFs were established. The Perimeter Center TIF was established to fund the construction of Emerald Parkway from Post Road to Perimeter Drive. The roadway was constructed in 1997 and the City began receiving service payments in 1998. As of the end of 2003, the City will be reimbursed for the roadway costs. The Ruscilli TIF was established to fund the construction of Venture Drive and provide access to approximately 77 acres of commercially zoned land. The roadway was constructed in 1997 and 1998 and the City began receiving service payments in 2000. The City will be reimbursed for the roadway costs in 2004. I propose that we consider modifying the existing legislation for both TIFs. The modifications would provide for the implementation of "non-school" TIFs after the terms of the "straight" TIFs expire and to modify the Descriptions of the Public Improvements to add future Perimeter Drive improvements from Emerald Parkway to Avery-Muirfield Drive, including the intersection at Avery-Muirfield Drive, and the Avery-Muirfield Drive/Perimeter Loop intersection. The TIF areas for both impact Perimeter Drive and the referenced intersections and would benefit from the public improvements. These modifications would also benefit existing and future commercial development west of Avery-Muirfield Drive. Based on current market values assigned by the Franklin County Auditor and the current effective millage rates, the Perimeter Center TIF would generate approximately $260,000 in "non-school" service payments annually and the Ruscilli TIF would generate approximately $175,000 annually. If the modifications were approved, we would begin collecting the "non-school" service payments from the Perimeter Center TIF in 2004 and from the Ruscilli TIF in 2005. I will begin pursuing these modifications with Squire Sanders & Dempsey if you agree. c: Frank Ciarochi, Deputy City Manager/Director of Development Mike Stevens, Director Economic Development