Explanation
Background: The purpose of this legislation is to authorize the Director of Development to enter into a Guaranteed Maximum Price Reimbursement Agreement with Gowdy Partners III, LLC under Section 186 of the Columbus City Charter for pre-remediation brownfield clean up activities at the Gowdy North project site. This past year, Gowdy Partners III, LLC was awarded $3,000,000 for a Round 6 Clean Ohio Revitalization Fund Grant for the cleanup and redevelopment of the four to seven acre +/- portion of the former Gowdy Field landfill. Terms of the Clean Ohio Revitalization Fund grant application included a $500,000 contribution by the City of Columbus to be used for pre-remediation activities. The Department of Development is interested in the cleanup and redevelopment of the Gowdy North site to serve as additional offices and other facilities for the Ohio State University Medical Center.
Fiscal Impact: $500,000 is available as cash in the 2009 Capital Improvements Budget in the Economic & Community Development Project under Northland and Other Acquisitions Fund 735.
Emergency Justification: This portion of the environmental remediation must be complete to satisfy the conditions of receiving the $3 million Clean Ohio Revitalization Fund Grant. Full remediation must start immediately in order to adhere to the construction schedule for the Ohio State University Medical Center.
Title
To authorize the Director of the Department of Development to enter into a Guaranteed Maximum Price Reimbursement Agreement with Gowdy Partners III, LLC for pre-remediation brownfield clean up activities at the Gowdy North project site; to authorize the appropriation and expenditure of $500,000 from the Northland and Other Acquisitions Fund; to waive the competitive bidding provisions of the Columbus City Codes; to allow for the substitution of an irrevocable letter of credit in place of a performance bond; and to declare an emergency. ($500,000)
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