Explanation
1. BACKGROUND
On May 14, 2009, Columbus City Council approved Ordinance No. 0205-2009, approving Giannopoulos Properties, Ltd.’s Rezoning Application #Z08-025 for 22-28 West Poplar Avenue from AR-2, Apartment Residential District to the CPD, Commercial Planned Development District to allow for the development of a mixed-use commercial and residential project (the “Giannopoulos development project”) in the Short North area of Columbus.
As part of the City’s support of ongoing development activities in the Short North, the City entered into an Economic Development Agreement (EDA) with Pizzuti Short North, LLC on January 18, 2013, under the authorization of Ordinance No. 0587-2012, passed by its Council on March 21, 2012, through which the City agreed to contribute up to $186,220.58 toward the Giannopoulos development project for sanitary sewer improvements. Although Giannopoulos Properties, Ltd. is not a signatory to the Pizzuti Short North EDA, nor is the Giannopoulos development project associated with the Pizzuti Short North development project, its close proximity to the Pizzuti Short North development project provided the City with an opportunity to support development momentum in the area by including sanitary sewer improvements for the Giannopoulos development project with sanitary sewer improvements for the Pizzuti Short North project.
The Department of Development desires to contribute an additional $15,000.00 to the Giannopoulos development project for the extension of storm sewer from the project to the City’s existing storm sewer on North High Street and West Poplar Avenue
This ordinance authorizes the Director of the Department of Public Service to enter into a guaranteed maximum reimbursement agreement with Giannopoulos Properties, Ltd. for an amount up to $15,000.00 for the design and construction of public infrastructure improvements.
The scope of public infrastructure improvements for the Giannopoulos development project includes,...
Click here for full text