Ordinance 001-19Dayton Legal Blank, Inc.
Ordinance No.
01-19
RECORD OF ORDINANCES
Form No. 30043
Passed . 20
AN ORDINANCE DECLARING THE IMPROVEMENT TO CERTAIN
PARCELS OF REAL PROPERTY IN THE CITY'S BRIDGE STREET
DISTRICT TO BE A PUBLIC PURPOSE AND EXEMPT FROM
TAXATION; PROVIDING FOR, THE COLLECTION AND DEPOSIT
OF SERVICE PAYMENTS AND SPECIFYING THE PURPOSES FOR
WHICH THOSE SERVICE PAYMENTS MAY BE EXPENDED; AND
AUTHORIZING COMPENSATION PAYMENTS TO THE DUBLIN
CITY SCHOOL DISTRICT AND THE TOLLES CAREER AND
TECHNICAL CENTER.
WHEREAS, the City has prepared a strategy for comprehensive development within an
area of the City known as the Bridge Street District (which area is referred to herein as
the "District`s and has endeavored to work collaboratively with public entities, including
the Dublin City School District ("Dublin School District") and the Tolles Career and
Technical Center (" To/%s Career Center'), and private entities to plan for and facilitate
the development of the District; and
WHEREAS, the City's strategy for development within the District is primarily focused
on creating a new, more urban core for the City, including a dynamic mix of commercial
and residential development types generally not currently available within the City; and
WHEREAS, the City and Crawford Hoying Development Partners, LLQ have proposed
to enter into a development agreement and other related agreements which will
generally provide for the redevelopment of the Parcels (as defined in Section i.) and the
construction of redevelopment project which will include various uses (the "Project';
and
WHEREAS, to facilitate redevelopment throughout the District, including but not
limited to the Project, and pay the associated costs of improvements and related
incentives, this Council has determined pursuant to Ohio Revised Code Sections
5709.41, 5709.42 and 5709.43 (collectively, the "TIF Statutes'? to declare the
improvement to certain parcels of real property located within the Project area to be a
public purpose and exempt from taxation, require the owner of each parcel to make
service payments in lieu of taxes, establish an urban redevelopment tax increment
equivalent fund for the deposit of the those service payments, specify the purposes for
which money in that fund will be expended, and provide for the distribution of an
applicable portion of such service payments to 'the Dublin School District and Tolles
Career Center; and
WHEREAS, Ohio Revised Code Section 5709.41 requires that the City hold fee title to the
Parcels prior to enacting this Ordinance; and
WHEREAS, prior to the passage of this Ordinance, the City accepted title to the Parcels
(as defined in Section 1) and pursuant to the development agreement, the City has or
will transfer title to the Parcels to Crawford Hoying Development Partners, LLC or its
designee; and
WHEREAS, the Board of Education of thE! Dublin School District has heretofore adopted a
resolution on April 14, 2014, waiving the provision of certain notices, approving the tax
exemption of the Improvements (as described in Section 3), authorizing an agreement
(which has heretofore been executed) between the City and the Dublin School District
providing for the remission of certain payments to the Dublin School District (the "Dub/ire
School District Agreemen(l and making other findings with respect to the tax exemption;
and
WHEREAS, the Board of Education of the Tolles Career Center has heretofore adopted a
resolution on June 26, 2014 waiving the provision of certain notices, approving the tax
exemption of the Improvements, authorizing an agreement (which has heretofore been
executed) between the City and the Tolles Career Center providing for the remission of
Dayton Legal Blank, Inc.
Ordinance No.
01-19
RECORD OF ORDINANCES
Form No. 30043
Passed Page 2 of 5 .20
certain payments to the Tolles Career Center (the "Tolles Career CenterAgreement7 and
making other findings with respect to the tax exemption; and
NOW, TH REFORE, BE IT ORDAINED by the Council of the City of Dublin, State of
Ohio, ___7of the elected members concurring, that:
Section 1. Parcels. The parcels of real property subject to the exemption
granted by this Ordinance are identified and depicted in EXHIBIT A attached hereto
(each, as currently or subsequently configured, individually, a "Parcel' and collectively,
the "Parcels'. This Council finds that the City acquired the Parcels while engaged in
urban redevelopment.
Section 2. Urban Redevelopment Costs. Money deposited into the TIF Fund
(as defined in Section 5) may be used to pay for o.r finance the costs of improvements to
or on, or servicing, the Parcels or the Project, including but not limited to water, sewer
and storm sewer improvements, parks and recreation improvements, roadway
improvements, parking facilities, the acquisition of real estate and interests in real estate,
and site preparation, for those improvements and for the Project, together with all
necessary appurtenances and related closts, including but not limited to all costs
enumerated in Ohio Revised Code Section 133.15(8), together with any other costs
hereafter designated by ordinance (collectively, the "Urban Redevelopment Costs'.
Section 3. Authorization of Tai: Exemption. This Council hereby finds and
determines that 100% of the increase in assessed value of each Parcel subsequent to the
acquisition of that Parcel by the City (which increase in assessed value is hereinafter
referred to as the "Improvement" as defined in Ohio Revised Code Section 5709.41) is
hereby declared to be a public purpose and will be exempt from taxation for a period
commencing on the effective date of this Ordinance with respect to that Parcel and
ending on the earlier of (a) 30 years after such commencement or (b) the date on which
the City can no longer require service pCayments in lieu of taxes, all in accordance with
the requirements of the TIF Statutes. Notwithstanding any other provision of this
Ordinance, the exemption granted pursuant to this Section 3 and the payment
obligations established pursuant to Section 4 of this Ordinance are subject and
subordinate to any tax exemption applicable to the Improvement approved by the City
pursuant to Sections 3735.65 through 37►5.70 of the Ohio Revised Code.
Section 4. Service Payments and Property Tax Rollback Payments. Subject to
any tax exemption applicable to the Improvement approved by the City pursuant to
Sections 3735.65 through 3735.70 of the Ohio 'Revised Code, and pursuant to Ohio
Revised Code Section 5709.42, the owner of each Parcel is hereby required to and shall
make annual service payments in lieu of taxes with respect to the Improvement to that
Parcel to the Treasurer of Franklin County, Ohio (the "County Treasurel`� on or before
the final dates for payment of real property taxes. Each service payment in lieu of taxes,
including any penalties and interest at the then current rate established for real property
taxes (collectively, the "Service Payments', will be charged and collected in the same
manner and in the same amount as the real property taxes that would have been
charged and payable against the Improvement if, it were not subject to the exemption
granted in this Ordinance. The Service Payments, and any other payments with respect
to each Improvement that are received by the County Treasurer in connection with the
reduction required by Sections 319.302, 321.24, 323.152 and 323.156 of the Ohio
Revised Code, as the same may be amended from time to time, or any successor
provisions thereto as the same may be amended from time to time (the "Property Tax
Rollback Payments', will be allocated and distributed in accordance with Section 6 of this
Ordinance.
Section 5. TIF Fund. This City Council hereby establishes, pursuant to and in
accordance with the provisions of Ohio Revised Code Section 5709.43, the Bridge Park —
Block D Urban Redevelopment Tax Increment Equivalent Fund (the "77FFund). The TIF
Fund shall be maintained in the custody of the City and shall receive all distributions to be
Dayton Legal Blank, Inc.
i Ordinance No. 01-19
RECORD OF ORDINANCES
_ Form No. 30043
Passed Page 3 of 5 , ?p
made to the City pursuant to Section 6 of this Ordinance. Those Service Payments and
Property Tax Rollback Payments received by the City with respect to the Improvement of
each Parcel and so deposited pursuant to Ohio Revised Code Section 5709.42 shall be
used solely for the purposes authorized in the TIF Statutes or this Ordinance. The --i F
Fund shall remain in existence so long as such Service Payments and Property Tax
Rollback Payments are collected and usE1,d for the aforesaid purposes, after which time
the TIF Fund shall be dissolved and any incidental surplus funds remaining therein
transferred to the City's General Fund, all in accordance with Ohio Revised Code Section
5709.43.
Section 6. Distributions. Pursuant to the TIF Statutes, the County Treasurer is
requested to distribute the Service Payments and Property Tax Rollback Payments to the
City for further deposit into the TIF Fund -for (a) payment of Urban Redevelopment Costs,
including, without limitation, debt charges on any securities of the City issued to pay or
reimburse financing costs or Urban RedE!velopment Costs, (b) remission, on a pro rata
basis, to the Dublin School District in accordance with the Dublin School District
Agreement and the Tolles Career Center in accordance with the Tolles Career Center
Agreement and (c) any other lawful purpose.
All distributions required under thi;3) Section are requested to be made at the same
time and in the same manner as real property tax distributions.
Section V. Further Authorizations. This City Council hereby authorizes and
directs the City Manager, the Director of Finance, the Director of Law, the Director of
Development, the Clerk of Council or other appropriate officers of the City to make such
arrangements as are necessary and proper for collection of the Service Payments and the
Property Tax Rollback Payments. This City Council further hereby authorizes and directs
the City Manager, the Director of Finance, the Director of haw, the Director of
Development, the Clerk of Council or other appropriate officers of the City to prepare
and sign all documents and instruments and to take any other actions as may be
appropriate to implement this Ordinance.
Section 8. Tax Incentive Review Council. The applicable T ax Incentive Review
Council, with the membership of that Council to be constituted in accordance with
Section 5709.85 of the Ohio Revised Code, shall, in accordance with Section 5709.85 of
the Ohio Revised Code, review annually all exemptions from real property taxation
granted by this Ordinance and any other such matters as may properly come before that
Council, all in accordance with Ohio Revised Code Section 5709.85.
Section 9. Filings with Ohio Development Services Agency. Pursuant to Ohio
Revised Code Section 5709.41(E), the City Manager is hereby directed to deliver a copy
of this Ordinance to the Director of the Ohio Development Services Agency within fifteen
days after its effective date. Further, and on or before March 31 of each year that the
tax exemption authorized by Section 3 remains in effect, the Director of Development or
other authorized officer of the City is directed to prepare and submit to the Director of
the Ohio Development Services Agency the status report required under Ohio Revised
Code Section 5709.41(E).
Section 10. Open Meetings. This City Council finds and determines that all
formal actions of this City Council and any of its committees concerning and relating to
the passage of this Ordinance were taken in an open meeting of this City Council or any
of its committees, and that all deliberations of this City Council and any of its committees
that resulted in those formal actions were in meetings open to the public, all in
compliance with the law including Ohio Revised Code Section 121.22.
Section 11. Effective Date. This Ordinance shall be effective at the earliest date
provided by law; provided, however, pursuant to the authority granted to this Council by
Section 4.04(b) of the City Charter, Section 3 of this Ordinance is effective as to each
RECORD OF ORDINANCES
Dayton Legal Blank, Inc. Form No. 30043
Ordinance No. 01-19 Passed Page 4 of 5 , 20
rPa,,el), commencing with the first t x year an Improvement to that Parcel attributable to a
tructure appears on the tpa ist and duplicate. (regardless of tax exempt status).
d:
Mayor - Presi'rSg Officer
Attest:
Clerk of Council
Passed: 2019
EffectivQ`7��d' l , 2019
RECORD OF ORDINANCES
BARRETT BROTHERS - DAYTON, OHIO
01-19 Page 5 of 5
Ordinance No. Passed
EXHIBIT A
IDENTIFICATION AND MAP OF THE PARCELS
Form 62205
The outlined area on the following map specifically identifies and depicts the
Parcels and constitutes part of this EXHIBIT A. The Parcels include, without limitation,
the following tax parcels: 273-013032, 273-013030, 273-013029, 273-013028, 273-
013031, (as they existed in the County Auditor's records on December 26, 2018), and
are included for ease of reference only.
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Office of the Cl*ty
Manager
5200 Emerald Parkway* +.
uit)r o' f Dubli n
Cit Phone: 614-410-4400 * Fax:
614'-410-4490
Too. Members f Dublin City Council.
From:, Dana L. e
i
: January 15, 2019
Initiated
Angel Director of Financd
T;'
Re: Ordinance No. 01-19 — Establishing a Tax Increment Financing District
(Bridge Park) (Block D)
there
During the first reading of Ordinance No. 01-19 — Establishing a Tax Increment Financing District
(Bridge Park — Block D), "
paymentsrs of City Council. This
memo is intended to provide a response to those questions,
Question regarding the improvements that can be funded through the servIce payments generated
wlthln the 77F area
The staff memo (dated January 2, 2019) indicated that the service a
Section 2 of the Ordinance contains the legal definition of the improvements that can funded using
the monies deposited into the TIF Fund. This section reads as follows (with emphasis added by
staff):
Memo re. Ord 01-19 — Establishing a Tax Increment Financing District (Bridge Park — Block D)
January 15, 2019
Page 2 of 2
This particular reference in Section 4 is not related to any legislative action that the City may takes
it solely rests with the General Assembly.
Staff recommends that Ordinance No. 01-19 be adopted by City Council at the second
reading/public hearing on January 22., 2019*
To.z Members of Dublin City Council
From,* Dana L. McDaniel, City Mana
Date: January 2, 2019
•�L_V Mumma
Director of Hnanc�
Re.: Ordinance No. 01-19 — Establishing a Tax Increment Financing District
(Bridge Park) (Block D)
Ordinance 01-19 proposes the establishment of the Bridge Park Tax Increment Financing District
for Block D within the Bridge Park development.
City Council approved the final plat for Block D on July 2, 2018. As the platting occurs on the
*ther development blocks, staff will bring forward additional Ordinances to create additional TIFs
under ORC 5709.41 as development progresses and the incentive contingencies under the
Development Agreement are met.
TIFs created under 5709.41 are the base TIFs for the Bridge Park development with the Incentive
District TIF (created under ORC 5709.40(c) — Ordinance 45-15) being 'layered' on top, applying
only to those 'residential' properties. It is acceptable that the geography of these two TIF overlap,
which will allow flexibility in the future for any of the owner -occupied residential units (i.e.
condominiums) to be converted to apartments without losing TIF revenues.
The service payments generated within the Bridge Park TIFs will be used to fund the public
roadway improvements, parking garages and a conference/events facility, The modified
Development Agreement approved by City Council on October 22, 2018 stipulates indicates how
the service payments generated from the improvements will be applied.
This proposed TIF is within the defined area covered by the Bridge Street District Cooperative
Agreement between the Dublin City School District (DCS) and the City. As a reminder, the
Memo re. Ordinance No. 01-19 — Establishing a Tax Increment Financing District (Bridge Park) (Block D)
January 2, 2019
Page 2 of 2
Cooperative Agreement permits the City to authorize various tax incentives,, including TIFs, within
the BSD that provide for the following (for each incentive authorized):
Years 1-15 — DCS agrees to forego 100% of the applicable real estate taxes in respect of
the improvements to any particular parcel within the applicable tax incentive district.
Years 16-30 — DCS will receive 10% of what it would have received if the applicable tax
incentive district had not been in place.
Staff recommends that Ordinance No. 01-19 be adopted by City Council at the second
reading/public hearing on January 22, 2019.