Explanation
BACKGROUND: Pursuant to ordinance No. 1278-06, passed by Columbus City Council on September 11, 2006, the Department of Development applied for, and was awarded, a Clean Ohio grant of $102,000.00 from the Ohio Department of Development to perform Phase 2 environmental assessment at the Kimball Midwest site at 580 West Goodale in Columbus.
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 the developer, JDS Goodale, LLC to apply the grant funding toward the environmental assessment work at the project site.
JDS Goodale, LLC acquired the 4.2 acre site in March 2006 with the intention of razing the minor buildings on the site, redeveloping the three (3) story concrete structure and incorporating it into the project plans. With the tracts located within the "Downtown" district, and its proximity to the downtown area, the site lends itself to urban downtown living. The site is situated along the Olentangy River and has an unobstructed view of the downtown skyline. Current development plans show the construction of a 325-car parking facility, which incorporates the existing structure, to support the construction of about 250 apartments that would range in size from 500 square foot efficiencies to 1,200 square foot, two (2) bedroom units. The total estimated development cost will be in excess of $25 million dollars.
Both an environmental Phase 1 and Limited Phase 2 investigation were performed in 2004. This Phase 2 assessment will complete the Phase 2 process that was not completed by another corporate entity in 2004.
This legislation is submitted as an emergency to commence the Clean Ohio grant process immediately.
FISCAL IMPACT: Funding for this legislation is provided by a Clean Ohio Revitalizaton Fund grant from the Ohio Department of Development in the amount of $102,000.00.
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