City of Columbus - File #: 1081-2011

• File #: 1081-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/28/2011
• In control: Development Committee
• On agenda: 7/11/2011
• Final action: 7/13/2011
• Title: To authorize the Director of the Department of Development to enter into a grant agreement with Faradonia Investment LLC for Brownfield assessment and redevelopment of the site located at 875 Summit Street, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $39,490.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($39,490.00)

Date	Ver.	Action By	Action	Result
7/13/2011	1	CITY CLERK	Attest
7/12/2011	1	MAYOR	Signed
7/11/2011	1	Columbus City Council	Approved	Pass
7/11/2011	1	COUNCIL PRESIDENT	Signed
6/30/2011	1	Dev Drafter	Sent for Approval
6/30/2011	1	Auditor Reviewer	Reviewed and Approved
6/30/2011	1	CITY AUDITOR	Reviewed and Approved
6/30/2011	1	Dev Drafter	Sent for Approval
6/30/2011	1	CITY ATTORNEY	Reviewed and Approved
6/30/2011	1	Dev Drafter	Sent to Clerk's Office for Council
6/29/2011	1	Dev Drafter	Sent for Approval
6/29/2011	1	Finance Reviewer	Reviewed and Approved
6/29/2011	1	Finance Reviewer	Reviewed and Approved
6/29/2011	1	FINANCE DIRECTOR	Reviewed and Approved
6/28/2011	1	Dev Drafter	Sent for Approval
6/28/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND:
This legislation authorizes the expenditure of $39,490 for a Brownfield grant award pursuant to the Green Columbus Fund, which was established in October 2010 by Ordinance 1462-2010.

The Green Columbus Fund represents the City's commitment to foster sustainable building through LEED certification and to foster sustainable Brownfield assessment and redevelopment. The program will produce economic, environmental and social benefits for Columbus and its residents.

This legislation authorizes the Director of Development to enter into a grant agreement with Faradonia Investment LLC for Brownfield assessment and redevelopment of the site at 875 Summit Street, subject to the project attaining Brownfield assessment and redevelopment goals of the program, and meeting the other terms and conditions of the agreement. It also authorizes the expenditure of up to $39,400 for this purpose.

Emergency action is requested so that the site which was formerly a gas station can be cleared for redevelopment.

FISCAL IMPACT:
Funding is from the Green Columbus Fund - 2010 Capital Improvements Budget.


Title

To authorize the Director of the Department of Development to enter into a grant agreement with Faradonia Investment LLC for Brownfield assessment and redevelopment of the site located at 875 Summit Street, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $39,490.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($39,490.00)


Body

WHEREAS, the Department of Development administers the Green Columbus Fund (established by Ordinance 1462-2010) from city bond proceeds; and

WHEREAS, the Green Columbus Fund represents the City's commitment to foster sustainable building through LEED certification and to foster sustainable Brownfield assessment and redevelopment; and

WHEREAS, the program will produce economic, environmental and social benefits for Columbus and it...