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 for environmental clean up at the former B&T Metals site at 435 West Town Street in Franklinton.
Pursuant to Ordinance 0390-2006 and Ordinance 0581-2007, the Department of Development applied for and received a $174,803 Clean Ohio Assistance Fund Grant to undertake a Phase 2 environmental assessment at the site to determine clean up costs to accommodate a 134 unit condominium development with a small art theatre, restaurant and office with an estimated total investment of approximately $15-20 million. The Phase 2 assessment is now complete and costs have been estimated to be close to $750,000 to remove asbestos and various contaminates, as well as to undertake limited demolition.
The development will be undertaken by Brick Investments of Beverly Hills California.
This legislation authorizes the application and 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 B&T Metals site; and to declare an emergency.
Body
WHEREAS, the State of Ohio Clean Ohio Program provides environmental assessment and remediation grants to Ohio communities for the purpose of clean up and redevelopment of contaminated or...
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