Explanation
BACKGROUND:
This legislation authorizes the expenditure of $199,910 for a Brownfield grant award pursuant to the Green Columbus Fund, which was established in October 2010 by Ordinance 1462-2010.
The Green Columbus Fund represents the City's commitment to foster sustainable building through LEED certification and to foster sustainable Brownfield assessment and redevelopment. The program will produce economic, environmental and social benefits for Columbus and its residents.
This legislation authorizes the Director of Development to enter into a grant agreement with Wagenbrenner Development for Brownfield assessment of the site at 990 Dublin Road, subject to the project attaining Brownfield assessment and redevelopment goals of the program, and meeting the other terms and conditions of the agreement. It also authorizes the expenditure of up to $199,910 for this purpose.
Emergency action is requested so that the necessary Phase II Environmental Site Assessment work can be done in time for a Round 11 remediation application to the Clean Ohio Revitalization Fund.
FISCAL IMPACT:
Funding is from the Green Columbus Fund - 2010 Capital Improvements Budget.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with Wagenbrenner Development for Brownfield assessment and redevelopment of the site located at 990 Dublin Rd., pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $199,910 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($199,910)
Body
WHEREAS, the Department of Development administers the Green Columbus Fund (established by Ordinance 1462-2010) from city bond proceeds; and
WHEREAS, the Green Columbus Fund represents the City's commitment to foster sustainable building through LEED certification and to foster sustainable Brownfield assessment and redevelopment; and
WHEREAS, the program will produce economic, environment...
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