Explanation
BACKGROUND: This legislation authorizes the expenditure of $135,990 for a Brownfield grant award pursuant to the Green Columbus Fund established by Ordinance 1462-2010, which was later amended 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 Day Companies for Brownfield assessment and redevelopment of three adjacent vacant buildings at 72-74, 76-78 and 80-84 N. High Street, 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 $135,990 in order to perform assessments and to remove asbestos contaminated materials and other hazardous materials under the Physical Phase II corrective action provisions of the grant program. This will enable the buildings to be renovated and placed in productive office, residential and retail use.
Emergency action is requested so that the assessment and corrective action work can be completed a timely manner.
FISCAL IMPACT: Cash is available in the 2014 Capital Improvements Budget in the Green Columbus Fund portion of Fund 735, identified as Green Columbus Initiatives Fund.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with Day Companies for Brownfield assessment and removal of asbestos contaminated materials and other hazardous materials for three vacant buildings on N. High Street in downtown Columbus, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $135,990.00 from the Northland and Other Acquisitions Fund; and to declare an...
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