Explanation
BACKGROUND: The purpose of this legislation is to authorize the Director of the Department of Development to apply to the Ohio Department of Development for Clean Ohio Assistance Grant Funding in an amount of up to $750,000.00 for environmental clean up at the former Jaeger Manufacturing and former Union Fork and Hoe sites at the west edge of the Arena District.
The contiguous sites total 23 acres and partial demolition has occurred while portions are currently being leased to the Columbus Police Canine Division and various entities.
Plaza Properties of Columbus has acquired the site and proposes to construct a mixed use development consisting of 200-400 residential units with commercial retail and office. The development will also include a park to compliment the project on what is now one of the largest remaining land parcels in the downtown area. Total project investment is estimated to be to be at least $33.5 million for Phase 1 construction.
An environmental assessment has been conducted. Clean up costs, to include asbestos abatement, are anticipated to be approximately $1.4 million of which the applied for grant funding would cover $750,000.00 and Plaza Properties supplying the balance.
This legislation is submitted as an emergency to commence the Clean Ohio grant application process immediately to insure meeting state datelines.
FISCAL IMPACT: There are no costs to the City of Columbus associated with applying for Clean Ohio Assistance Grant Funding. If the application is approved, The City will receive a Clean Ohio Assistance Fund Grant from the Ohio Department of Development in the amount of $750,000.00 to apply toward site clean up.
Title
To authorize and direct the Director of the Department of Development to apply to the Ohio Department of Development for Clean Ohio Assistance Grant Funds of up to $750,000.00 for environmental clean up at the former Jaeger Manufacturing and Union Fork and Hoe sites; and to decla...
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