City of Columbus - File #: 0994-2011

• File #: 0994-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/15/2011
• In control: Finance Committee
• On agenda: 6/27/2011
• Final action: 6/28/2011
• Title: To authorize the Director of the Department of Finance and Management to execute those documents necessary to purchase that real property known as 4252 Groves Road from 4252 Groves Road Equities LLC, an Ohio limited liability corporation, for the relocation and consolidation of various City functions; to authorize and direct the City Auditor to transfer $2,400,000.00 from the Special Income Tax Fund to the Construction Management Capital Improvement Fund; to authorize the expenditure not to exceed $2,400,000.00 from the Construction Management Capital Improvement Fund; and to declare an emergency. ($2,400,000.00)

Date	Ver.	Action By	Action	Result
6/28/2011	1	MAYOR	Signed
6/28/2011	1	CITY CLERK	Attest
6/27/2011	1	Columbus City Council	Approved	Pass
6/27/2011	1	COUNCIL PRESIDENT	Signed
6/17/2011	1	Auditor Reviewer	Reviewed and Approved
6/17/2011	1	Finance Drafter	Sent for Approval
6/17/2011	1	CITY ATTORNEY	Reviewed and Approved
6/17/2011	1	Finance Drafter	Sent for Approval
6/17/2011	1	CITY AUDITOR	Reviewed and Approved
6/17/2011	1	Finance Drafter	Sent to Clerk's Office for Council
6/16/2011	1	Finance Reviewer	Reviewed and Approved
6/16/2011	1	Finance Reviewer	Reviewed and Approved
6/16/2011	1	Finance Reviewer	Reviewed and Approved
6/16/2011	1	FINANCE DIRECTOR	Reviewed and Approved
6/16/2011	1	Finance Drafter	Sent for Approval
6/15/2011	1	Finance Drafter	Sent for Approval

Explanation

Background: In order to allow for growth, increase operational efficiencies, and reduce operating expenses, the City desires to consolidate and relocate a number of its functions and operations currently housed in leased and city-owned buildings. A property has been identified for acquisition to fulfill these requirements. Located at 4252 Groves Road, across the street from the City's property at 4211 Groves Road, the property consists of approximately nineteen (19) acres including a warehouse office building of approximately 208,000 square feet, a covered outdoor storage building of approximately 60,000 square feet and paved parking for 375 vehicles. The site also contains approximately 2.75 acres of undeveloped land.

This purchase provides the City with a singular opportunity to acquire a strategic site proximate to its Fleet Maintenance operations that will allow the City to foster synergy in cross-department operations and provide flexibility to serve a variety of identified space needs for several departments, and to reduce lease expense. This legislation authorizes the Director of Finance and Management to execute those documents necessary to purchase that real property from 4252 Groves Road Equities LLC, an Ohio limited liability corporation, and to expend up to $2,400,000.00 for all costs associated with said acquisition. Purchase contingencies include, but are not limited to, the satisfactory completion of Environmental Site Assessments (Phase I ESA and Phase II, if necessary) and a Property Condition Assessment.

Fiscal Impact: This project is funded in the 2011 Capital Improvement Budget. However, bonds have yet to be sold for the project, necessitating a certification of $2,400,000.00 against the Special Income Tax Fund. Funding for this purchase will be certified against the Special Income Tax Fund and then subsequently reimbursed when the next bond sale is completed.

Emergency Justification: Emergency action is requested t...