Explanation
BACKGROUND:
Pursuant to ordinance No. 0390-2006, passed by Columbus City Council on March 1, 2006, the Columbus Department of Development applied for and was awarded a Clean Ohio Assistance Fund grant of $174,803.00 from the Ohio Department of Development to perform Phase 2 environmental assessment work at the former B & T Metals site. The State Controlling Board approved the grant application at its March 12, 2007, meeting.
The purpose of this legislation is to authorize an agreement between the Columbus Department of Development and the Ohio Department of Development to receive and administer the grant and to authorize developers of site, Brick Investment Corp. to apply the grant funding toward the project site.
The former B & T Metals site is located at 435 W. Town Street in Franklinton. The site, which has been vacant for a number of years, was formerly a manufacturing facility. It was acquired by Brick Investments in 2005, where the company plans to clean up the site and invest approximately $15-20 million to develop 134 condominium units with a small arts theatre, restaurant and office space.
With input from Franklinton area residents, the site received a zoning variance in January 2006, to accommodate the proposed development. To proceed with the development, the Phase 2 environmental assessment will be required to determine the extent and total cost of clean up required before actual clean up and construction can begin. Brick Investments has retained Hull and Associates to conduct the Phase 2 environmental assessment. This legislation authorizes receiving and administering the state grant funding.
FISCAL IMPACT:
Funding for this legislation is provided by a Clean Ohio Assistance Fund grant from the Ohio Department of Development in the amount of $174,803.00.
Title
To authorize and direct the Director of the Columbus Department of Development to enter into an agreement with the ...
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