Explanation
This ordinance authorizes the Director of Development to enter into a grant agreement with The Columbus Regional Airport Authority for public infrastructure improvements supporting economic development in the Rickenbacker area.
The City of Columbus and the Rickenbacker Port Authority (RPA) entered into an annexation agreement on September 9, 1996 to establish for each party obligations related to the annexations of RPA property to the City. This agreement was extended by an amendment executed on December 27, 2007 between the City and the Columbus Regional Airport Authority (CRAA) as the successor to the RPA. The agreement was modified a second time by Ordinance 1839-2007, a third time by Ordinance 1008-2017 and a fourth time by Ordinance 3212-2018.
The fourth amendment expired on July 31, 2019. The City of Columbus and CRAA determined that it was necessary to create a new agreement to incorporate updated provisions, processes, and maps as it related to the development of the property owned by the CRAA. During this process the City made a commitment to the CRAA to invest $15 million in public infrastructure improvements supporting economic development in the Rickenbacker area. The City and CRAA entered into a Grant Agreement on January 2, 2024, approved by Ordinance 1882-2023, in the amount of $3,275,000.00 towards fulfillment of this commitment. This agreement will be in the amount of $2,000,000.00 towards that same purpose and commitment.
Approval is requested for reimbursement of design and construction expenses incurred prior to the execution of the purchase order, starting January 31, 2024.
CONTRACT COMPLIANCE: The vendor’s contract compliance number is 05092 and expires 9/21/2026.
Fiscal Impact: Funding is available within Fund 7735 Northland and Other Acquisitions Bond Fund.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with The Columbus Regional Airport Authority; to authorize ...
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