Explanation
BACKGROUND: This legislation authorizes the expenditure of $94,000 for two LEED grant awards pursuant to the Green Columbus Fund, which was established in October 2010 by Ordinance 1462-2010.
The Green Columbus Fund represents the City's commitment to foster sustainable building through LEED certification and to foster sustainable Brownfield assessment and redevelopment. The program will produce economic, environmental and social benefits for Columbus and its residents.
This legislation authorizes the Director of Development to enter into grant agreements with Nationwide Realty Investors, LLC, for the sustainable construction of two office projects in the City's Arena District. One office building is at 10 Nationwide Blvd. and the other office project is at 240-290 Nationwide Blvd. Each project is subject to attaining LEED certification and meeting the other terms and conditions of the agreement. The ordinance also authorizes the expenditure of up to $94,000 for this purpose.
FISCAL IMPACT: Funding is from the Green Columbus Fund - 2010 Capital Improvements Budget. A C.I.B. amendment is necessary to establish funding in the correct project.
Title
To authorize the Director of the Department of Development to enter into grant agreements with Nationwide Realty Investors,LLC in order to foster sustainable building through LEED certification of the office facilities at 10 Nationwide Blvd. and at 240-290 Nationwide Blvd., pursuant to the Green Columbus Fund Program; to amend the 2012 Capital Improvements Budget; to authorize the transfer and appropriation of monies within the Northland and Other Acquisitions Fund; to authorize the expenditure of up to $94,000.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($94,000.00)
Body
WHEREAS, the Department of Development administers the Green Columbus Fund (established by Ordinance 1462-2010) from city bond proceeds; and
WHEREAS, the Green Columbus Fund represen...
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