0643-2022: To authorize the Director of the Department of Development to execute and deliver the: 1) Intergovernmental Cooperative Agreement between the City and Sugar Farm-Renner South NCA, 2) Township Compensation Agreement between the City and Norwich Township; and 3) TIF & NCA Reimbursement Agreement between the City, Pulte Homes of Ohio, LLC, and Harmony Development Group, LLC, all for the benefit of implementing the Big Darby Revenue Program; to establish the Sugar Farm-Renner South NCA Fund; to authorize the City Auditor to accept the community development charges from the Sugar Farm-Renner South NCA and to deposit said funds into the Sugar Farm-Renner South NCA Fund pursuant to the Intergovernmental Cooperative Agreement; to appropriate and authorize the expenditure of the service payments in lieu of taxes generated by the parcels subject to the Sugar Farm 40(B) TIF, Sugar Farm Incentive District, and Renner South Incentive District ordinances deposited in the Sugar Farm 40(B) TIF, Sugar Farm Incentive District, and Renner South Incentive District Municipal Public Improvement Tax Increment Equivalent Funds pursuant to the Township Compensation Agreement; to appropriate and authorize the expenditure of both the remainder of those same service payments in lieu of taxes in those same funds after making payment to Norwich Township and the community development charges the City receives for deposit into the new NCA fund pursuant to the TIF & NCA Reimbursement Agreement; and to declare an emergency.
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