City of Columbus - File #: 2087-2005

• File #: 2087-2005
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 11/22/2005
• In control: Jobs and Economic Development Committee
• On agenda: 1/9/2006
• Final action: 1/10/2006
• Title: To authorize the Director of Development to enter into a Guaranteed Maximum Price Reimbursement Agreement under Section 186 of the Columbus City Charter with Columbus Urban Growth Corporation for pre-remediation activities of brownfield clean up at Gowdy Field; to authorize the City Auditor to transfer $780,000 from the Special Income Tax Fund to the Northland and Other Acquisitions Fund; to waive the competitive bidding provisions of Chapter 329 of the Columbus City Codes; to amend the 2005 Capital Improvements Budget; and to authorize the expenditure of $780,000. ($780,000)

Date	Ver.	Action By	Action	Result
1/10/2006	1	MAYOR	Signed
1/10/2006	1	CITY CLERK	Attest
1/9/2006	1	Columbus City Council	Approved	Pass
1/9/2006	1	COUNCIL PRESIDENT	Signed
12/12/2005	1	Columbus City Council	Read for the First Time
11/30/2005	1	CITY ATTORNEY	Reviewed and Approved
11/30/2005	1	Dev Drafter	Sent to Clerk's Office for Council
11/29/2005	1	Auditor Reviewer	Reviewed and Approved
11/29/2005	1	CITY AUDITOR	Reviewed and Approved
11/29/2005	1	Dev Drafter	Sent for Approval
11/28/2005	1	Finance Reviewer	Reviewed and Approved
11/28/2005	1	FINANCE DIRECTOR	Reviewed and Approved
11/28/2005	1	Dev Drafter	Sent for Approval
11/25/2005	1	Dev Drafter	Sent for Approval
11/25/2005	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
11/25/2005	1	Dev Drafter	Sent for Approval

Explanation

Background: Gowdy Field, located within the boundaries of Goodale Street, Olentangy River Road, West Third Avenue and the CSX Railroad tracks, has been identified for redevelopment. In the past, this site was home to neighborhood baseball diamonds and later, a solid waste landfill. Currently, the property is owned by the City of Columbus and CUGC holds an option to purchase. CUGC has entered into a purchase contract for the site with Gowdy Partners, LLC. Gowdy Partners, Inc. is planning to develop office buildings on the site with the initial tenant being Time Warner Cable Communications. A Clean Ohio Relief Fund (CORF) grant for $3 million for brownfield clean up at Gowdy Field has passed the initial recommendation stage with the final recommendation to be announced in December. Terms of the CORF grant application included a $780,000 contribution by the City of Columbus to be used for methane gas extraction and the placement of a clay soil cap over the building footprint for stabilization. These dollars need to be expended before the CORF grant is awarded.

Fiscal Impact: The $780,000 will come from the Special Income Tax Fund. This legislation authorizes the appropriation, transfer and the expenditure of funds. This transfer from the Special Income Tax Fund is only a temporary funding measure until bonds are sold in 2006 at which time the Special Income Tax Fund will be reimbursed for this transaction.




Title

To authorize the Director of Development to enter into a Guaranteed Maximum Price Reimbursement Agreement under Section 186 of the Columbus City Charter with Columbus Urban Growth Corporation for pre-remediation activities of brownfield clean up at Gowdy Field; to authorize the City Auditor to transfer $780,000 from the Special Income Tax Fund to the Northland and Other Acquisitions Fund; to waive the competitive bidding provisions of Chapter 329 of the Columbus City Codes; to amend the 2005 Capital Improvements Budget; a...