This ordinance amends Ordinance No. 2189-2011 to remove certain tax parcels from the Olentangy & North Broadway TIF. It also creates a new tax increment financing (TIF) area called the Olentangy 315 South TIF, incorporating those removed parcels and additional parcels from the OhioHealth TIF. The purpose is to declare improvements within the Olentangy 315 South TIF as a public purpose, exempting them from real property taxation for up to 30 years. Owners in the new TIF will make service payments in lieu of taxes, with the applicable portion distributed to the Columbus City School District. The remaining payments will be deposited into the Olentangy 315 South TIF Fund to finance public infrastructure improvements as allowed by R.C. Section 5709.40(A)(8). The ordinance also authorizes the Director of the Department of Development to enter into an Economic Development Agreement with Crawford Hoying, Ltd. and/or its affiliates for the Northwest BRT Project. The new TIF is intended to support public infrastructure improvements and indirectly facilitate the creation of new housing units in the Northwest BRT Project area, which is close to major employers.