Explanation
BACKGROUND: This legislation authorizes the expenditure of $200,000.00 for a Brownfield grant award pursuant to the Green Columbus Fund, which was established in October 2010 by Ordinance 1462-2010 and subsequently modified 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 Plaza Core Hotel, LLC for Brownfield assessment and redevelopment of the site at 3090-3110 Olentangy River Road, subject to the project attaining Brownfield assessment and redevelopment goals of the program, and meeting the other terms and conditions of the agreement. It also authorizes the expenditure of up to $200,000.00 for this purpose.
Emergency action is requested so that a Physical Phase II Environmental Site Assessment can proceed on this site without delay.
FISCAL IMPACT: Funding is from the Green Columbus Fund - 2012 Capital Improvements Budget.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with Plaza Core Hotel for Brownfield assessment and redevelopment of the site located at 3090-3110 Olentangy River Road, 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 ($200,000.00) (REPEALED BY ORD. 1270-2015 PASSED 06/01/2015)
Body
WHEREAS, the Department of Development administers from city bond proceeds the Green Columbus Fund, which was established in October 2010 by Ordinance 1462-2010 and subsequently modified and replaced by Ordinance 1931-2012; and
WHEREAS, the Green Columbus Fund represents the City's commitment to foster sustainab...
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