Second community-authority tax district under consideration in New Albany

New Albany City Council held a public hearing in conjunction with the first reading of an ordinance to create the New Albany East Community Authority district on February 3, 2015, ThisWeek Community News reports.  The city’s proposed second community authority would encompass “742 acres in the Licking County portion of the International Personal Care and Beauty Campus and land south of state Route 161 designated as a future business campus,” the article reports. This district would “differ from the New Albany Community Authority in several ways.” It would have “no official limit on debt that could be incurred to complete local projects” and would not have an expiration date; the New Albany Community Authority was “designed to be dissolved when debt is paid off.” The new district could be dissolved by a majority vote of its board at any time if its debt is paid off, according to Jennifer Chrysler, New Albany’s community-development director. A second public hearing is scheduled for 6:30 p.m., February 17, 2015, at New Albany Village Hall. 

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