City of Columbus - File #: 0181-2006

• File #: 0181-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/20/2006
• In control: Recreation & Parks Committee
• On agenda: 2/6/2006
• Final action: 2/8/2006
• Title: To authorize the Directors of Recreation and Parks, Finance and Management and Public Safety to execute an Option Agreement with Gowdy Partners LLC for the sale of 2.529 acres of the property commonly known as Gowdy Field and to waive the provision of the Land Review Commission, Chapter 328 and the competitive bidding provisions of Chapter 329 of the Columbus City Codes.

Date	Ver.	Action By	Action	Result
2/8/2006	1	CITY CLERK	Attest
2/7/2006	1	MAYOR	Signed
2/6/2006	1	Columbus City Council	Approved	Pass
2/6/2006	1	COUNCIL PRESIDENT	Signed
1/30/2006	1	Columbus City Council	Read for the First Time
1/26/2006	1	Dev Drafter	Sent for Approval
1/26/2006	1	Rec & Parks Drafter	Sent to Clerk's Office for Council
1/26/2006	1	City Clerk's Office	Sent back for Clarification/Correction
1/26/2006	1	CITY ATTORNEY	Sent to Clerk's Office for Council
1/25/2006	1	Dev Drafter	Sent for Approval
1/25/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
1/24/2006	1	Rec & Parks Drafter	Sent for Approval
1/23/2006	1	Rec & Parks Drafter	Sent for Approval
1/23/2006	1	REC & PARKS DIRECTOR	Reviewed and Approved
1/20/2006	1	Rec & Parks Drafter	Sent for Approval
1/20/2006	1	Atty Reviewer	Reviewed and Approved

Explanation

Background: Pursuant to Ordinance No. 0785-2005, the City entered into an option contract with Columbus Urban Growth Corporation ("CUGC") to convey up to 19.49 acres of property commonly known as Gowdy Field. CUGC has been working with Gowdy Partners LLC and Time Warner Cable to redevelop this site. As part of Phase I of the redevelopment Time Warner Entertainment Company LP intends to purchase a new office building to be constructed on this site by Gowdy Partners LLC. In the future Time Warner Cable may expand its operations at the site which will require additional office space. In that event, additional acreage for parking will be required. Available unused acreage included in the option with CUGC is considered by Time Warner Cable to be too remote and insufficient for employee parking. Time Warner Cable has requested an option from the City for the purchase 2.529 acres of Gowdy Field now used by the Division of Police as a heliport. Conveyance of the 2.529 acres of the heliport site necessitates either the relocation of the heliport to a new site or discontinuation of the heliport operations. The term of the option will be four (4) years with a purchase price of $50,000 per acre. During the first three years of the option, the option may only be exercised if the City has funded relocation of the heliport to a new site. In the fourth year of the option, the option may be exercised regardless of whether the heliport has been relocated. This ordinance authorizes the Directors of Recreation and Parks, Finance and Management and Public Safety to execute the option agreement with Gowdy Partners LLC, which may be assigned to Time Warner Entertainment Company LP, for the 2.529 acres.

Fiscal Impact: Conveyance of the 2.529 acres requires relocation of the Division of Police heliport if operations are to continue. The cost of the relocation of this facility is currently unknown.


Title

To authorize the Directors of Recreation an...