Explanation
BACKGROUND: The purpose of this legislation is to authorize the Director of the Columbus Department of Development to enter into an agreement with the Ohio Department of Development to receive and administer a Clean Ohio Revitalization Fund grant of up to $3 million to clean and redevelop the former 3M site at 1206 N. Fourth St. and to authorize entering into an agreement with the Wagenbrenner Development Company to apply the grant funding toward environmental clean up work at the project site to prepare for redevelopment.
Pursuant to Ordinance 1008-2010, passed by Columbus City Council on July 12, 2010, the Columbus Department of Development applied for, and was awarded, a Clean Ohio grant of $3 million from the Ohio Department of Development to remediate the former 3M site in partnership with the Wagenbrenner Development Company.
The former 3M site was used for metal finishing operations from 1920 to 2000 when operations closed. It has remained vacant since 2000 and from that time, has been a blighting influence in the Weinland Park Neighborhood of Columbus. The site consists of vacant industrial buildings on 3.4 acres. It was recently acquired by Wagenbrenner Development, Inc. who plans to invest approximately $24 million to clean the site and construct a mixed use development of approximately 110 residential units with street level commercial space, which is consistent with the Weinland Park Development Plan.
Remediation activities will involve demolition and asbestos removal on site along with removal of various chemical contaminants.
This legislation is submitted as an emergency to commence work under the grant, contingent on Ohio Controlling Board approval.
FISCAL IMPACT: Funding for this legislation is provided by a Clean Ohio Revitalization Fund grant from the Ohio Department of Development in the amount of $3,000,000.00.
Title
To authorize and direct the Director of the Department of Development to enter into an ...
Click here for full text