Explanation
BACKGROUND: The purpose of this ordinance is to authorize the Director of the Columbus Department of Development to apply to the Ohio Department of Development, Clean Ohio Council for redevelopment emergency assistance funding in an amount up to $300,000.00. The requested funding will be used to fund a Phase 2 environmental assessment at the former B & T Metals site at 435 W. Town Street in Franklinton.
The former B & T Metals site is located at 435 W. Town Street in Franklinton. The site, which has been vacant for a number of years, was formerly a manufacturing facility. It was acquired by Brick Investments in 2005, where the company plans to clean up the site and invest approximately $15-20 million to develop 134 condominium units with a small arts theatre, restaurant and office space.
With input from Franklinton area residents the site received a zoning variance in January 2006, to accommodate the proposed development. To proceed with the development, a Phase 2 environmental assessment will be required to determine the extent and total cost of clean up required before actual clean up and construction can begin. Brick Investments has retained Hull and Associates to conduct the Phase 2 environmental assessment. This legislation authorizes the application for state grant funding.
FISCAL IMPACT: There are no costs to the City of Columbus associated with applying for Clean Ohio emergency assistance grant
funding. If the application is approved by the State, the City of Columbus will receive up to $300,000.00 for the purpose of
conducting a Phase 2 environmental assessment at the former B & T Metals site.
EMERGENCY JUSTIFICATION: This legislation is submitted as an emergency to commence the Clean Ohio emergency grant
application immediately.
Title
To authorize and direct the Director of the Columbus Department of Development to apply to the Ohio Department of Development, Clean Ohio Council, for emergency assistance grant ...
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