3247-2021: To appropriate and authorize the expenditure of service payments in lieu of taxes generated by the parcels subject to the Innovation District TIF and deposited in the Innovation District Municipal Public Improvement Tax Increment Equivalent Fund pursuant to the Tax Increment Financing Agreement; to authorize the Director of the Department of Development (the “Director”) to execute and deliver a Tax Increment Financing Agreement between the City and The Ohio State University (and together with its affiliated entities, the “Developer”) for the financing and reimbursement of costs of public infrastructure improvements benefiting the Innovation District between the CSX railroad to the east, North Star Road to the west, Lane Avenue to the north, and the southern boundary of the parcels along Kinnear Road; and to declare an emergency.
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