Explanation
BACKGROUND: This legislation authorizes the expenditure of $15,617.00 for a Brownfield grant award pursuant to the Green Columbus Fund, which was established in October 2010 by Ordinance 1462-2010 and amended in September 2012 by Ordinance 1931-2012.
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 a grant agreement with MRE Holdings Ltd. for Brownfield assessment and redevelopment of the site at 164 S. Yale Ave., subject to the project attaining Brownfield assessment and redevelopment goals of the program, and meeting the other terms and conditions of the agreement. It also authorizes the expenditure of up to $15,617.00 for this purpose.
Emergency action is requested so that the Physical Phase II underground storage tank corrective action work can proceed to completion.
FISCAL IMPACT: Funding is from the Green Columbus Fund - 2013 Capital Improvements Budget authorized by Ordinance 0645-2013.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with MRE Holdings Ltd. for Brownfield assessment and redevelopment of the site located at 164 S. Yale Ave., pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $15,617.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($15,617.00)
Body
WHEREAS, the Department of Development administers from city bond proceeds the Green Columbus Fund, established by Ordinance 1462-2010 and amended in September 2012 by Ordinance 1931-2012; and
WHEREAS, the Green Columbus Fund represents the City's commitment to foster sustainable building through LEED certification and to foster sustainable Brownfield assessmen...
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