Explanation
BACKGROUND: This legislation authorizes the continuation of the Green Columbus Fund Program, with some modifications and expansions. The program was originally established by Ordinance 1462-2010. The Green Columbus Fund Program provides grants for projects that promote sustainable economic development by reimbursing environmental assessment costs to facilitate safe redevelopment of Brownfield sites, and for the provision of grants that promote sustainable economic development by reimbursing LEED Certification costs and providing incentives for qualifying green buildings. It will now also include participation in the Energy Star Homes Program for inner city multifamily dwellings under specified conditions.
The Green Columbus Fund represents the City's commitment to promote economic development and job creation. In addition the Green Columbus Fund represents the City's commitment to become greener and more sustainable. Emergency action is necessary to allow the expansion and modification of the program to take effect promptly.
For these reasons the City included in its July 2010 Bond Sale Ordinance an appropriation of $1,000,000 and included an appropriation of another $1,000,000 in its 2012 Bond Sale.
FISCAL IMPACT: No funding is required for this legislation. Expenditures will be subject to future authorization by City Council. Funding will be provided from the Green Columbus Fund - 2012 Capital Improvements Budget, Northland and Other Acquisition Fund and will not exceed $1,000,000, unless and until further funding is appropriated by City Council.
Title
To authorize the continuation, expansion and modification of the Green Columbus Fund Program in the Department of Development for the purpose of making grants for Brownfield redevelopment and creation of green buildings; to repeal Ordinance 1462-2010; and to declare an emergency.
Body
WHEREAS, the Department of Development desires to continue to administer the Green Columbus F...
Click here for full text