Explanation
BACKGROUND: This legislation authorizes the expenditure of up to $80,000 for a Brownfield grant award pursuant to the Green Columbus Fund established by Ordinance 1462-2010, which was later amended and replaced by Ordinance 1931-2012.
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 Brownfield grant agreement with Burwell Investments, LLC, for corrective action and redevelopment of the site at 115 E. 5th Avenue, subject to the project attaining Brownfield assessment and redevelopment goals of the program and meeting the terms and conditions of the agreement. It also authorizes the expenditure of up to $80,000 in order to remove underground storage tanks and perform related corrective action permitted under the Brownfield Physical Phase II portion of the Green Columbus Fund grant program. Under a previous Brownfield grant from the City, the recommended grantee (Burwell Investments) performed a Phase II Environmental Site Assessment that identified the need for the corrective action to be undertaken with support from the grant authorized by this ordinance. The end use at the site is to be a mixture of residential and commercial.
Emergency action is requested so that the corrective action work can be completed in a timely manner.
FISCAL IMPACT: Cash is available in the 2015 Capital Improvements Budget in the Green Columbus Fund portion of Fund 735, identified as the Green Columbus Initiatives Fund.
Title
To authorize the Director of the Department of Development to enter into a Brownfield grant agreement with Burwell Investments, LLC, for corrective action Physical Phase II work at 115 E. 5th Avenue, pursuant to the Green Columbus Fund Progra...
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