City of Columbus - File #: 1864-2006

• File #: 1864-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/16/2006
• In control: Jobs and Economic Development Committee
• On agenda: 10/16/2006
• Final action: 10/16/2006
• Title: To authorize the Director of Development to enter into an agreement, in substantially the form on file with the City Clerk, with Campus Partners for Community Urban Redevelopment for the purchase of the former Columbus Coated Fabric site and the resale of the site to Campus Partners for Community Urban Redevelopment; to authorize the expenditure of $390,000 from the Special Income Tax Fund; and to declare an emergency. ($390,000)

Date	Ver.	Action By	Action	Result
10/16/2006	1	Dev Drafter	Sent for Approval
10/16/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
10/16/2006	1	Dev Drafter	Sent for Approval
10/16/2006	1	Finance Reviewer	Reviewed and Approved
10/16/2006	1	Finance Reviewer	Reviewed and Approved
10/16/2006	1	FINANCE DIRECTOR	Reviewed and Approved
10/16/2006	1	Dev Drafter	Sent for Approval
10/16/2006	1	CITY AUDITOR	Reviewed and Approved
10/16/2006	1	CITY AUDITOR	Reviewed and Approved
10/16/2006	1	Dev Drafter	Sent for Approval
10/16/2006	1	CITY ATTORNEY	Reviewed and Approved
10/16/2006	1	Dev Drafter	Sent to Clerk's Office for Council
10/16/2006	1	Columbus City Council	Approved	Pass
10/16/2006	1	COUNCIL PRESIDENT	Signed
10/16/2006	1	MAYOR	Signed
10/16/2006	1	CITY CLERK	Attest

Explanation

BACKGROUND - This legislation authorizes the Director of the Department of Development to enter into an agreement with Campus Partners for Community Urban Redevelopment (Campus Partners) to facilitate acquisition, demolition and environmental remediation of the former Columbus Coated Fabrics site.

Last March, Campus Partners entered into a contract to purchase the Columbus Coated Fabrics site from its bankrupt owner, Decorative Surfaces International, Inc. (DSI). The Columbus Coated Fabrics site has been used for industrial purposes for more than 100 years, utilizing a myriad of hazardous substances.

In July, the Director of the Department of Development was authorized by Ordinance No. 1208-2006 to expend an amount not to exceed $250,000 to help complete Phase II environmental assessments of the site to determine the extent and cost of clean up work.
The Phase II testing and analysis are complete and it is now estimated to cost approximately $5 million to demolish the buildings and to prepare the site to meet restricted residential standards under the Ohio Voluntary Action Plan, Which will allow redevelopment of the site, with residential and other uses contemplated by the Weinland Park Plan. The submittal of a Clean Ohio Revitalization Fund grant application is planned for early 2007 to cover the cost of much of the site remediation and some of the demolition.

The site poses a significant health and safety hazard where numerous fires and extensive vandalism have occurred presenting a constant threat to the Weinland Park Community and is a blighting influence on that Community.

The proposed agreement with Campus Partners requires the City to accept an assignment of Campus Partners purchase contract with Decorative Services International, Inc., the owner of the Columbus Coated Fabric site, and to purchase the property for $385,000. Additional funding is required to pay for incidental expenses associated with the purchase not to ...