Explanation
BACKGROUND: This legislation authorizes the expenditure of up to $200,000 for a Brownfield grant award pursuant to the Green Columbus Fund established by Ordinance 1462-2010, which was later amended and replaced by Ordinance 1931-2012.
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 400 West Nationwide, LLC for Brownfield assessment and redevelopment of the Buggyworks Office Building and Parking Garage at 390 and 400 Nationwide Boulevard, subject to the project attaining Brownfield assessment and redevelopment goals of the program and meeting the terms and conditions of the agreement. It also authorizes the expenditure of up to $200,000 in order to remove asbestos contaminated materials (ACM) and to perform other necessary Brownfield Physical Phase II activities.
Emergency action is requested so that the corrective action work can be completed in a timely manner.
FISCAL IMPACT: Cash is available in the 2015 Capital Improvements Budget in the Green Columbus Fund portion of Fund 7735, identified as the Green Columbus Initiatives Fund.
Title
To authorize the Director of the Department of Development to enter into a Brownfield grant agreement with 400 West Nationwide, LLC to remove asbestos contaminated materials and perform other Brownfield Physical Phase II activities at 390 and 400 Nationwide Boulevard, 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 from city bond proceeds the Green Columbus Fund, established by Ordinance ...
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