Explanation
BACKGROUND: The purpose of this legislation is to authorize and direct the Director of the Department of Development to enter into an agreement with the Ohio Development Services Agency to receive and administer a Clean Ohio Brownfield Fund grant in the amount of up to $1,000,000 for environmental cleanup, demolition, infrastructure improvements, and other eligible program expenses at The Trautman and The HUB Buildings located at 203-213 and 221 South High Street, respectively, in Downtown Columbus and to authorize and direct entering into a Development Agreement with The Annex at River South II, Ltd., to apply the grant funding toward eligible program expenses at the project site to prepare for redevelopment.
Pursuant to Ordinance 2076-2013, passed by Columbus City Council on September 16, 2013, the Columbus Department of Development applied for a Clean Ohio Brownfield Fund grant of up to $1,000,000 and was awarded a Clean Ohio Brownfield Fund grant of $1,000,000 from the Ohio Development Services Agency for environmental cleanup at The Trautman and The HUB Buildings site in partnership with The Annex at River South II, Ltd.
Planned environmental cleanup activities for the project property include universal waste abatement, demolition of The Trautman Building, demolition of The HUB Building and any auxiliary structures, recycling of building products, infrastructure upgrades to prepare the site for development, and development of a new structure.
The current development design is for an eight-story, mid-rise mixed-use structure that will cover the entire 0.538 acre site, LC RiverSouth Phase II. The project will consist of 106 top quality apartments, street level retail space, and a partially subterranean parking garage. The building is configured in a “U” shape around a center courtyard which will open to Rich Street and feature more than five thousand square feet of outdoor urban green space. The Annex at River South II, Ltd. will invest appro...
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