Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to modify a grant agreement with the Franklinton Development Association (FDA). The current agreement allows FDA to use grant funds for the acquisition of a warehouse located at 421-435 W. State St. and to convert the building for residential uses only. The modification will allow FDA to convert the warehouse for either commercial or residential uses. The modification will allow the FDA to move forward with designs and plans for developing the warehouse as part of the redevelopment efforts within the Franklinton Creative Community District.
FISCAL IMPACT: No additional funds are needed for this modification.
Title
To authorize the Director of the Department of Development to modify a grant agreement with Franklinton Development Association to include commercial uses as an option in the redevelopment of the warehouse located at 421-435 West State Street.
Body
WHEREAS, the Director of the Department of Development desires to modify a grant agreement with Franklinton Development Association; and
WHEREAS, the current agreement allows FDA to use grant funds for the acquisition of a warehouse located at 421-435 W. State St. and to convert the building for residential uses only; and
WHEREAS, the modification will allow FDA to convert the warehouse for either commercial or residential uses; and
WHEREAS, the modification will allow the FDA to move forward with designs and plans for developing the warehouse as part of the redevelopment efforts within the Franklinton Creative Community District; and now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS
Section 1. That the Director of the Department of Development is hereby authorized to modify a grant agreement with Franklinton Development Association to include commercial uses as an option in the redevelopment of the warehouse located at 421-435 West State Street.
Section 2. That this ordina...
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