Explanation
BACKGROUND: This legislation authorizes the expenditure of up to $33,000 for a LEED grant award pursuant to the Green Columbus Fund, a grant program established by Ordinance 1462-2010 and 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 grant agreement with 400 West Nationwide, LLC for the project to sustainably renovate the building at 400 W. Nationwide Blvd., Columbus. This grant is part of a redevelopment project in the Arena District known as the Buggyworks. The LEED grant portion of this project is subject to the grantee attaining certification pursuant to the LEED Core and Shell rating system, and to the project meeting the other terms and conditions of the LEED grant agreement. The ordinance also authorizes the expenditure of up to $33,000 for this purpose.
Emergency action is necessary so vital program services that foster sustainable economic development can begin immediately.
FISCAL IMPACT: Cash is available in the 2016 Capital Improvements Budget, Fund 7735, Green Columbus Initiatives Fund.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with 400 West Nationwide, LLC in order to foster sustainable building renovation through achieving LEED certification of the building at 400 W. Nationwide Boulevard, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $33,000.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($33,000.00)
Body
WHEREAS, the Department of Development administers from city bond funds the Green Columbus Fund, established by Ordinance 1462-2010 and later amended...
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