Explanation
BACKGROUND: This legislation authorizes the expenditure of $12,812 for a LEED-NC grant award pursuant to the Green Columbus Fund, which was established in October 2010 by Ordinance 1462-2010.
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 Continental/Olentangy Hotel LLC for the sustainable construction of a hotel at 1421 Olentangy River Road, Columbus, OH 43212, subject to the project attaining LEED-NC certification and meeting the other terms and conditions of the agreement. It also authorizes the expenditure of up to $12,812.00 for this purpose.
Emergency action is requested so that the authorization of projects under the initial appropriation for the Green Columbus Fund program can be completed.
FISCAL IMPACT: Funding is from the Green Columbus Fund - 2010 Capital Improvements Budget.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with Continental/Olentangy Hotel LLC in order to foster sustainable construction through LEED-NC certification of a hotel at 1421 Olentangy River Road, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $12,812.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($12,812.00)
Body
WHEREAS, the Department of Development administers the Green Columbus Fund (established by Ordinance 1462-2010) from city bond proceeds; and
WHEREAS, the Green Columbus Fund represents the City's commitment to foster sustainable building through LEED certification and to foster sustainable Brownfield assessment and redevelopment; and
WHEREAS, the program will produce economic, environme...
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