City of Columbus - File #: 1831-2006

• File #: 1831-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/10/2006
• In control: Recreation & Parks Committee
• On agenda: 10/23/2006
• Final action: 10/25/2006
• Title: To authorize the Executive Director of Recreation and Parks to enter into two agreements; one with the State of Ohio providing for the release by the State of a restriction on conveyance of a portion of the property situated generally at the southwest corner of Broad and Starling Streets in consideration of the payment by the City of Columbus of the sum of $187,963.20, and the second with Capitol South Community Urban Redevelopment Corporation providing for payment by Capitol South to the City of the sum of $187,963.20, to authorize the expenditure of $187,963.20 from the Capitol South Fund no. 481, and to declare an emergency.

Date	Ver.	Action By	Action	Result
10/25/2006	1	CITY CLERK	Attest
10/24/2006	1	MAYOR	Signed
10/23/2006	1	Columbus City Council	Approved	Pass
10/23/2006	1	COUNCIL PRESIDENT	Signed
10/13/2006	1	Rec & Parks Drafter	Sent for Approval
10/13/2006	1	Auditor Reviewer	Reviewed and Approved
10/13/2006	1	CITY AUDITOR	Reviewed and Approved
10/13/2006	1	Rec & Parks Drafter	Sent for Approval
10/13/2006	1	CITY ATTORNEY	Reviewed and Approved
10/13/2006	1	Rec & Parks Drafter	Sent to Clerk's Office for Council
10/12/2006	1	Finance Reviewer	Reviewed and Approved
10/12/2006	1	FINANCE DIRECTOR	Reviewed and Approved
10/11/2006	1	Rec & Parks Drafter	Sent for Approval
10/11/2006	1	Finance Reviewer	Reviewed and Approved
10/10/2006	1	Rec & Parks Drafter	Sent for Approval
10/10/2006	1	REC & PARKS DIRECTOR	Reviewed and Approved

Explanation

Ordinance No. 1363, adopted July 31, 2006, authorized the conveyance of a portion of the property situated generally at the southwest corner of Broad and Starling Streets (the "Development Site") to Firefighters Union Local #67, which conveyance enables the redevelopment and expansion of the historic Toledo and Central Ohio Train Depot (the "Depot") situated adjacent to the Development Site. Conveyance of the Development Site requires release from certain restrictions on conveyance created by the grant agreement between the City of Columbus and the State of Ohio, acting through the Department of Natural Resources, which grant agreement provided funding for the purchase by the City of the Development Site. This ordinance authorizes two agreements, one with the State of Ohio providing for the release by the State of the restriction on conveyance in consideration of the payment by the City of the sum of $187,963.20 and the second with Capitol South Community Urban Redevelopment Corporation providing for payment by Capitol South to the City of the sum of $187,963.20 to reimburse the City for payment to the State.

FISCAL IMPACT:


Funding for the payment of $187,963.20 to the State of Ohio is from the Capitol South Fund No. 481. Under the agreement between the City and Capitol South Community Urban Redevelopment Corporation the repayment shall be deposited in Fund No. 481 to replace the expenditure made to the State.

EMERGENCY JUSTIFICATION:

Emergency action is requested in order to avoid further delay in the commencement of the redevelopment and expansion of the historic Toledo and Central Ohio Train Depot.


Title

To authorize the Executive Director of Recreation and Parks to enter into two agreements; one with the State of Ohio providing for the release by the State of a restriction on conveyance of a portion of the property situated generally at the southwest corner of Broad and Starling Streets in consideration of the...