Explanation
Background: The purpose of this ordinance is to give the Director of the Department of Development the authority to enter into a partnership agreement with the Science and Technology Campus Corporation (SciTech) to apply for a $5 million Ohio Job Ready Sites (JRS) Program grant to benefit the Science and Technology Campus.
The Ohio JRS Program was developed as a result of the $2 billion public works and economic development bond package approved by Ohio voters on November 8, 2005. It allows for grant applications of up to $5 million per project for large impact projects leading to designation as an Ohio Certified Site, guaranteeing minimum standards for new business investment projects. Grant funds can be used for, but are not limited to, infrastructure improvements, building demolition and construction, and brownfield remediation.
If the JRS grant application is successful, the funds will be used for spec building construction and infrastructure improvements along the Kinnear Road area of the Science and Technology Campus. Development of this key area is an important component of the 315 Research and Technology Corridor initiative in partnership with the City, the Ohio State University, Battelle and the Greater Columbus Chamber of Commerce. This legislation is submitted as an emergency to meet the JRS program application deadline of July 19, 2006.
Fiscal Impact: No funding is required for this legislation. The City of Columbus will fund the Job Ready Site grant application for an amount of up to $40,000.00. Council authorization for this funding will be requested, under separate legislation, at a future date.
Title
To authorize and direct the Director of the Department of Development to enter into a partnership agreement with the Science and Technology Campus Corporation and to apply for a $5 million Ohio Job Ready Sites Program grant for improvements at the Science and Technology Campus; and to declare an emergency.
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