Explanation
BACKGROUND: Pursuant to ordinance No. 0517-2005, passed by Columbus City Council on March 23, 2005, the Columbus Department of Development applied for, and was awarded, an agreement between the Columbus Department of Development and the Clean Ohio Assistance Fund grant of $750,000.00 from the Ohio Department of Development to perform environmental cleanup at the former Seneca Hotel site in Downtown Columbus. The State Controlling Board approved the grant application at its March 13, 2006 meeting.
The purpose of this legislation is to authorize an agreement between the Columbus Department of Development and the Ohio Department of Development to receive and administer the grant and to authorize developers of former Seneca Hotel site, in partnership with Campus-Seneca Management, Inc., Managing Member, Campus-Seneca, LLC, a Delaware limited liability company to apply the grant funding toward the environmental cleanup at the project site.
The project is an adaptive reuse of the historic former Seneca Hotel site. The building, a 10-story landmark at the corner of Broad and Grant and its attached 2 story addition will be converted to a mix of apartments for students and faculty of the nearby educational institutions and retail geared toward the surrounding neighborhood. There will be a total of 93 apartments and approximately 10,000-12,000 square feet of retail, with a total project investment in excess of $12 million. Over a 16-month period, the project will return the Seneca as a vibrant contributor to Downtown Columbus.
This legislation is submitted as an emergency to commence the Clean Ohio Assistance grant process immediately.
FISCAL IMPACT: Funding for this legislation is provided by a Clean Ohio Assistance Fund grant from the Ohio Department of Development in the amount of $750,000.00.
Title
To authorize and direct the Director of the Department of Development to enter into an agreement w...
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