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File #: 1882-2023    Version: 1
Type: Ordinance Status: Passed
File created: 6/15/2023 In control: Economic Development Committee
On agenda: 7/17/2023 Final action: 7/21/2023
Title: To authorize the Director of the Department of Development to enter into a grant agreement with the Columbus Regional Airport Authority ("CRAA") for public infrastructure improvements supporting economic development in the Rickenbacker area; to authorize the expenditure of an amount not to exceed $3,275,000.00 from the Northland and other Acquisition Bond Fund; and to allow for the payment of expenditures prior to the issuance of a Purchase Order. ($3,275,000.00)
Attachments: 1. 1882-2023 ED CRAA Bond 2023-06-08
Explanation

This ordinance authorizes the Director of the Department 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 each party's 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 entity to the RPA. The agreement was modified a second time by Ordinance No. 1839-2007, a third time by Ordinance No. 1008-2017, and a fourth time by Ordinance No. 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.

Approval is requested for reimbursement of expenses incurred prior to the execution of the purchase order, starting January 31, 2020, for completion of an approximate $1.5 million sanitary sewer project and for work to bid out a comprehensive street lighting project.

CONTRACT COMPLIANCE: The vendor’s contract compliance number is 05092 and expires 10/7/2024.

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 ("CRAA") for public infrastructure improvements supporting economic development in the Rickenbacker area; to authorize the expenditure of ...

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