Explanation
BACKGROUND: The purpose of this resolution is to support Franklin County, in partnership with Thrive Companies, in conjunction with an Ohio Department of Development Brownfield Remediation round 2 grant application of up to $10 million for site cleanup at 800 King Avenue in Columbus and Clinton Township, Franklin County, Ohio. The property has been used for industrial purposes since 1928 and is currently occupied by National Electric Coil (NEC) and Rail Products International (RPI). Thrive is working with NEC and RPI to relocate their operations to another site in Franklin County.
The 12.4-acre property consists of two large parcels, 130-005419 and 130-011858, and 12 smaller parcels with six existing buildings. The Developer is proposing to demolish the existing buildings in order to access soil and ground water contaminated with hazardous substances and petroleum as indicated in Phase I and Phase II environmental assessments.
Thrive is proposing to redevelop the site with approximately 590 apartment units, including 60 affordable housing units, structured parking and 15-20,000 sf of retail along King Avenue. The project is estimated to have a value of $110,000,000 when completed. Thrive is ready to move forward with the project upon award of Brownfield Remediation grant funding.
Emergency action is necessary in order to meet Ohio Department of Development Brownfield Remediation round 2 grant application deadline of June 30, 2022.
FISCAL IMPACT: There are no costs to the City of Columbus associated with a resolution of support for the Brownfield Remediation Program grant funding,
Title
To resolve to support Franklin County, in partnership with Thrive Companies, in their efforts to obtain Ohio Department of Development Brownfield Remediation grant funding for use in the environmental cleanup and redevelopment of the 800 King Avenue industrial site; and to declare an emergency.
Body
WHEREAS, the State of Ohio Brownfield Remediation gr...
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