City of Columbus - File #: 1147-2008

• File #: 1147-2008
• Version: 2
• Type: Ordinance
• Status: Passed
• File created: 6/25/2008
• In control: Development Committee
• On agenda: 7/21/2008
• Final action: 7/23/2008
• Title: To authorize and direct the Director of the Department of Development to accept an Ohio Department of Development roadwork grant of $500,000 for Stelzer Road improvements, contingent on State Controlling Board approval, to benefit the NetJets expansion at Port Columbus; to authorize the appropriation of these monies within the General Government Grant Fund; to authorize the Public Service Director to enter into a guaranteed maximum cost agreement with NetJets pursuant to Section 186 of the Columbus City Charter to construct roadwork improvements on Stelzer Road; to authorize the expenditure of $500,000 or so much as may be necessary from the General Government Grant Fund. ; and to declare an emergency. ($500,000.00)

Date	Ver.	Action By	Action	Result
7/23/2008	2	CITY CLERK	Attest
7/22/2008	2	MAYOR	Signed
7/21/2008	1	Columbus City Council	Amended to 30 day	Pass
7/21/2008	2	Columbus City Council	Waive the 2nd Reading	Pass
7/21/2008	2	Columbus City Council	Approved	Pass
7/21/2008	2	COUNCIL PRESIDENT PRO-TEM	Signed
7/10/2008	1	CITY ATTORNEY	Reviewed and Approved
7/10/2008	1	Dev Drafter	Sent to Clerk's Office for Council
7/9/2008	1	SERVICE DIRECTOR	Reviewed and Approved
7/8/2008	1	Dev Drafter	Sent for Approval
7/8/2008	1	Finance Reviewer	Reviewed and Approved
7/8/2008	1	Finance Reviewer	Reviewed and Approved
7/8/2008	1	FINANCE DIRECTOR	Reviewed and Approved
7/8/2008	1	Dev Drafter	Sent for Approval
7/8/2008	1	Auditor Reviewer	Reviewed and Approved
7/8/2008	1	CITY AUDITOR	Reviewed and Approved
7/8/2008	1	Dev Drafter	Sent for Approval
7/7/2008	1	Dev Drafter	Sent for Approval
7/7/2008	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: The purpose of this ordinance is to authorize the Director of the Department of Development to accept an Ohio Department of Development roadwork grant of $500,000, contingent on State Controlling Board approval, for improvements to Stelzer Road to benefit the NetJets expansion at Port Columbus, to appropriate the monies within the General Government Grant Fund and, in turn, authorize the Public Service Director to enter into a guaranteed maximum cost agreement with NetJets to construct the improvements.

The roadwork grant, and this associated request for authorization to accept the grant, is part and parcel of an incentive package to allow NetJets to expand in Columbus. NetJets will invest an estimated $162 million to retain 1,931 full-time jobs at the project site and create an additional 810 new full-time jobs within three years.

Total Phase 1 infrastructure costs for Stelzer Road improvements, which will help benefit the NetJets expansion, will be approximately $30 million.

The Ohio Department of Development has approved the roadwork grant and has scheduled it for final approval at the State Controlling Board on August 4, 2008.

Authorization to apply for said grant funds was approved under Columbus City Council Ordinance No. 0747-08, dated May 5, 2008.

This legislation is submitted as an emergency in order to acquire the state roadwork grant as soon as possible after State Controlling Board approval.

FISCAL IMPACT: The City will receive $500,000 from the Ohio Department of Development to apply to Stelzer Road improvements. This ordinance contains an appropriation within the General Government Grant Fund and authorizes expenditure for this purpose.

Title

To authorize and direct the Director of the Department of Development to accept an Ohio Department of Development roadwork grant of $500,000 for Stelzer Road improvements, contingent on State Controlling Board approval, to benefit the NetJets expansion at Po...