To create a tax increment financing area encompassing certain parcels of real property in the area known as Grandview Crossing; to declare improvements to those parcels to be a public purpose and exempt from real property taxation; 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 School District; and to establish an urban redevelopment tax increment equivalent fund for the deposit of the remainder of those service payments. (Amended by 1766-2026 passed on 6/29/2026 -LG)