3138-2024: To amend Ordinance No. 2545-2020, as previously amended by Ordinance No. 3265-2021, by removing Franklin County Tax ID Parcel Nos 010-303975, 010-300555, and 010-300556 owned by Confluence Development LLC from the Stadium 41 TIF; to declare the improvements to those parcels to be a public purpose and exempt from real property taxation pursuant to R.C. 5709.41 to create the new Astor Park TIF; to require the owners of those parcels to make service payments in lieu of taxes; to require the distribution of the applicable portion of those service payments to the Columbus City Schools; to establish an urban redevelopment tax increment equivalent fund for the deposit of the remainder of those service payments; to appropriate and authorize the expenditure and transfer of revenues deposited in the aforementioned Astor Park TIF fund; to authorize the Director of the Department of Development to enter into an amendment to the Tax Increment Financing and Cooperative Agreement dated February 23, 2021 by and among the City, the Confluence Community Authority, and Confluence Development LLC to provide those appropriated revenues to the Confluence Community Authority for certain obligations thereunder; and to declare an emergency.($0.00)