Explanation
BACKGROUND: Pursuant to ordinance No. 0382-07, passed by Columbus City Council on March 12, 2007, the Department of Development applied for, and was awarded, a Clean Ohio grant of $3,000,000.00 from the Ohio Department of Development to perform environmental clean up at the Former Techneglas property in the Southside Area of Columbus.
The purpose of this legislation is to authorize an agreement between the Columbus Department of Development and the Ohio Department of Development to receive and administer the grant and to authorize the developer, TG707, Inc. to apply the grant funding toward the environmental cleanup at the project site.
The former Techneglas site at 707 Jenkins Avenue, served as one of Columbus' major manufacturing employers for over 60 years until closing its doors in August 2004. With over 1 million square feet of industrial and office space, the 48-acre site remained mostly vacant. Local developer Marvin Katz has recently teamed with local businessman Don Garlikov and Greystone & Co., Inc. of New York to form a partnership; TG707, Inc., to renovate and transform the site into a mixed use complex of commercial office, retail and light industrial space with an employment potential of over 1,500 jobs. There are currently 40 jobs at several small businesses on-site with current negotiations to attract a call center to employ over 500.
Remediation activities will involve clean up of a 1972 oil spill on site along with removal of a small plant electric substation and a buried rail spur.
This legislation is submitted as an emergency to commence the Clean Ohio grant process immediately.
FISCAL IMPACT: Funding for this legislation is provided by a Clean Ohio Revitalizaton Fund grant from the Ohio Department of Development in the amount of $3,000,000.00.
Title
To authorize and direct the Director of the Department of Development to enter into an agreement with the Ohio Department of Development to receive and a...
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