Explanation
BACKGROUND:
This legislation authorizes the expenditure of $200,000 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 Franklinton Development Associates for Brownfield assessment and redevelopment of the site at 421-435 West State 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 $200,000 for this purpose.
Emergency action is requested so that the Physical Phase II corrective action work can proceed and the Iron Horse Yard building can be put into environmentally sound and economically beneficial use.
FISCAL IMPACT:
Funding is from the Green Columbus Fund - 2012 Capital Improvements Budget. Cash for this project is contingent on the July 10th Bond Sale.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with Franklinton Development Associates for Brownfield assessment and redevelopment of the site located at 421-435 West State Street, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $200,000.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($200,000.00)
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 its residents; and
WHEREAS, the applicant has applied under the Brownfield assessment and redevelopment component of this program, the purpose of which is to encourage proper and productive use of the site in a manner that contributes to achieving economic, environmental and social benefits, and the application has been approved by the Director of the Department of Development; and
WHEREAS, this legislation authorizes the Director of Development to enter into a grant agreement with Franklinton Development Associates for Brownfield assessment and redevelopment of the site and building at 421-435 West State Street, subject to the project attaining Brownfield assessment and redevelopment goals of the program, and meeting the other terms and conditions of the agreement; and
WHEREAS, Ordinance 0204-2011 authorized assessment work under the Green Columbus Fund which revealed the need for corrective action within the building that will be reimbursable under this 2012 project; and
WHEREAS, sufficient cash will not be available in the Green Columbus Fund until the 2012 Bond Sale thus this legislation is contingent upon Bond Sale proceeds; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to enter into the grant agreement with Franklinton Development Associates so that demolition activities can be completed before the scheduled construction of a retail store on the site, all for the immediate preservation of the public health, peace, safety and welfare; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development is hereby authorized to enter into a grant agreement with Franklinton Development Associates for Brownfield assessment and redevelopment under the Green Columbus Fund Program for the site located at 421-435 West State Street, in order to assist in the proper assessment and the safe and productive use of the site and the building.
Section 2. That for the purpose as stated in Section 1, the expenditure of $200,000 or so much thereof as may be necessary, is hereby authorized from the Department of Development, Division 44-01, Northland and Other Acquisitions Fund 735, Project 441749-100001, Object Level One 06, Object Level Three 6617, OCA Code 754151.
Section 3. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
Section 4. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.