City of Columbus - File #: 0553-2004

• File #: 0553-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 3/12/2004
• In control: Development Committee
• On agenda: 3/29/2004
• Final action: 4/1/2004
• Title: To authorize the Director of the Department of Development to enter into real estate purchase agreements and to execute those documents necessary to purchase certain real property along Harmon Avenue for the future expansion of West Edge Business Center and widening of Harmon Avenue; to authorize the appropriation and transfer of $200,000 from the Special Income Tax Fund to the Northland and Other Acquisition Fund; to authorize the expenditure of $200,000; and to declare an emergency. ($200,000)

Date	Ver.	Action By	Action	Result
4/1/2004	1	CITY CLERK	Attest
3/31/2004	1	MAYOR	Signed
3/29/2004	1	Columbus City Council	Approved	Pass
3/29/2004	1	COUNCIL PRESIDENT	Signed
3/18/2004	1	Auditor Reviewer	Contingent Within
3/18/2004	1	CITY AUDITOR	Reviewed and Approved
3/18/2004	1	Dev Drafter	Sent for Approval
3/18/2004	1	CITY ATTORNEY	Reviewed and Approved
3/18/2004	1	Dev Drafter	Sent to Clerk's Office for Council
3/17/2004	1	Dev Drafter	Sent for Approval
3/16/2004	1	Finance Reviewer	Reviewed and Approved
3/16/2004	1	FINANCE DIRECTOR	Reviewed and Approved
3/15/2004	1	Dev Drafter	Sent for Approval
3/15/2004	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
3/15/2004	1	Dev Drafter	Sent for Approval

Explanation

Background: Since 2001 the Columbus Urban Growth Corporation has purchased 42 acres and developed the former Sullivant Gardens site as the West Edge Business Center. Currently, four large organizations have built facilities and located their respective operations on the site. Negotiations are continuing for development of the final 12 acres. In August 2003 construction started on the realignment of the Mound and Souder intersection and construction of new curbs and sidewalks along the northern and eastern edges of the Center and along the main entrance into the site. In September 2003 the opportunity arose to purchase an additional 5.244 undeveloped acres on the east side of Harmon Avenue directly east of West Edge. Given the success of West Edge and the completion of the Franklinton Floodwall, which will ease construction standards, Columbus Urban Growth Corporation (CUGC) purchased the property. In anticipation of future expansion and development of the West Edge Business Center, referred to as West Edge 2, and the need for additional right-of-way for the widening of Harmon Avenue from Buchanan Street to Greenlawn Avenue the City is purchasing the 5.244 acres and is agreeing to hold the property in the City's Land Bank until such time that a development project is identified.

Fiscal Impact: $200,000 from the Special Income Tax Fund. This legislation authorizes the appropriation, transfer and the expenditure of funds.

Emergency Justification: Emergency action is requested in order to meet the purchase contract deadlines for closing on the transaction.


Title

To authorize the Director of the Department of Development to enter into real estate purchase agreements and to execute those documents necessary to purchase certain real property along Harmon Avenue for the future expansion of West Edge Business Center and widening of Harmon Avenue; to authorize the appropriation and transfer of $200,000 from the Special Income Tax Fun...