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Council adds Madison Reserve parcels to London Gateway Community Authority, authorizes RFQ for NCA/TIF advisors
Summary
The council adopted Resolution 133-26 to add parcels (the Madison Reserve project) to the London Gateway Community Authority and approved Resolution 134-26 to advertise an RFQ for NCA and TIF advisors. Council discussed that a share of NCA funds may help fund public safety needs tied to development.
The London City Council voted to add newly planned residential parcels identified as the Madison Reserve Project to the London Gateway Community Authority and authorized staff to seek qualifications from NCA and TIF advisors.
During the public hearing and subsequent discussion, Mr. Gross (the presenter) described the community authority as "a self-help mechanism to make sure ... the residents that come in to this new development are helping to pay for the infrastructure they bring on to the city." Council members said part of the NCA structure is that a percentage of funds can be directed to safety services; the council discussed that the city previously negotiated a 20% share that would support fire and police services as development-generated revenue arrives.
Resolution 133-26—described during council remarks as adding roughly 245 houses (councilors referenced 255 then corrected to 245 during discussion)—was adopted by council. The measure must also be approved by the London Gateway Community Authority board as a companion action before the petition is finalized. Council then adopted Resolution 134-26 authorizing the safety service director to advertise a request for qualifications for NCA and TIF advisors; members discussed the likely use of TIF funds (or developer contributions) to pay advisor fees.
Both measures reference the state statutory framework for establishing a community authority under Chapter 349 of the Ohio Revised Code. Councilors said they will follow up with the Gateway board and municipal advisors to finalize funding and implementation details.
Next steps: the community authority board must take its companion action; staff will advertise the RFQ for municipal advisors and return with proposed contracts and funding sources.
