North Market Hotel.
Columbus City Codes § 371.20
in effect371.20 - North Market Hotel.
Notwithstanding anything in this Chapter to the contrary, the hotel-motel excise taxes receipts attributed to the full-service hotel located on the real property, or parts thereof, identified as Franklin County Tax ID Parcel Numbers 010-054645-00, 010-307273-00, 010-307274-00, 010-307275-00, 010-307276-00, on the date of the passage of this Ordinance, as may be later divided (the "North Market Development Site"), shall be subject to the following: Of the combined rates of five and one-tenths percent (5.1%) constituting the hotel-motel excise taxes as defined in Section 371.02(b), the receipts constituting a rate of one and five-tenths percent (1.5%) of the overall tax rate shall be made for contributions to convention and visitors bureaus operating within the county annually in accordance with Section 371.02(d). The remaining receipts constituting a rate of three and six tenths percent (3.6%) (the "Available Hotel Tax Proceeds,") shall, in lieu of being distributed as required by Section 371.02(c), be allocated to a housing fund and capital maintenance fund for use pursuant to Section 4(A) of the Economic Development Agreement entered into the 11th of September 2019 by and between the City of Columbus, North Market Development Authority, Inc., and NM Developer LLC, as modified by the letter dated August 9, 2021 from the City of Columbus to NM Developer LLC.
(Ord. No. 3215-2021, § 1, 7-25-2022)
Source: City of Columbus, City Codes and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/oh/columbus/codes/code_of_ordinances?nodeId=TIT3FITACO_CH371HOMOSHRMRETA_371.20NOMAHOFetched: 10/27/2026