The New Albany Community Authority (NACA) was created to address certain needs of a growing community by financing designated community projects based on it’s Community Development Charge (CDC).
In July 1992, the New Albany Company (Developer) filed a petition with the Board of County Commissioners of the County of Franklin, Ohio for the creation of a “New Community District” pursuant to Chapter 349 of the Revised Code of Ohio. The Petition was accepted by the County Commissioners in August 1992. By its resolution in August 1992, the County Commissioners determined that the new community district would be conducive to the public health, safety, convenience, and welfare and that it was intended to result in the development of a new community district as described in the petition.
The NACA originally contained 3,830 acres and currently is comprised of approximately 5,000 acres of land. See District Communities.
The NACA is governed by a seven-member Board of Trustees, three appointed by the County, one appointed by a local government and three appointed by the Developer.