Explanation
BACKGROUND: The purpose of this ordinance is to authorize the Director of the Columbus Department of Development to apply to the Ohio Department of Development, Clean Ohio Assistance Fund, for redevelopment emergency assistance funding in an amount up to $750,000.00. The requested funding will be used for asbestos removal within the Lazarus Building situated at High, Town, Front and State Streets in downtown Columbus.
The Lazarus Building is a well-known Columbus landmark and is an "anchor" development being undertaken by the Columbus Downtown Development Corporation (CDDC) on behalf of the City to revitalize the core of downtown. The building will be redeveloped by CDDC for both governmental and private uses. Its renovation will be a catalyst project for the future development of the City's RiverSouth District.
The legislation and the associated grant application does not subject the City to liability for any site contamination, which may exist at or near the Lazarus Building.
FISCAL IMPACT: There are no costs to the City of Columbus associated with applying for Clean Ohio emergency assistance grant funding. If the application is approved by the State, the City of Columbus will receive up to $750,000.00 for asbestos removal and other eligible costs for work within the Lazarus Building.
EMERGENCY
JUSTIFICATION: This legislation is submitted as an emergency to commence the Clean Ohio emergency grant application immediately.
Title
To authorize and direct the Director of the Columbus Department of Development to apply to the Ohio Department of Development, Clean Ohio Assistance Fund, for emergency assistance grant funding in an amount up to $750,000.00 for asbestos removal and other eligible costs within the Lazarus Building situated at High, Town, Front and State Streets in downtown Columbus; and to declare an emergency.
Body
WHEREAS, the State of Ohio Clean Ohio Program will award $40 million per year, for ...
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