Explanation
Background: As part of its "Green Fleet" plan, the City has committed to implementing a Compressed Natural Gas (CNG) vehicle and fuel program. The benefits of the program are that a) CNG vehicles emit fewer nitrogen oxides and less particulate matter than gas powered vehicles and b) CNG fuel typically cost between 25-50% less per mile of operation than gasoline or diesel. In order to allow the City to expand its CNG vehicle and fuel program, it desires to acquire property to construct a third fuel facility to supply CNG to serve its operations located in the western quadrant of the city. A property has been identified for acquisition that meets the City’s requirements. This legislation authorizes the Director of Finance and Management to execute those documents necessary to purchase that real property, located at 5115 Krieger Court, Columbus, Ohio from Phyliss Brown Trustee of the F.R. Langley Family Trust and to expend up to $510,000.00 for all costs associated with said acquisition. Purchase contingencies include, but are not limited to, the satisfactory completion of various site assessments including environmental and engineering assessments. This ordinance is presented as an emergency measure.
Fiscal Impact: $510,000.00 is budgeted and available in the 2014 Fleet Management Division Capital Improvement Budget.
Emergency Justification: Emergency action is requested to allow for the immediate execution of the purchase agreement by the City so that the acquisition can proceed in agreement with the closing transaction deadlines and other terms of the purchase contract.
Title
To authorize the Director of the Department of Finance and Management to execute those documents necessary to purchase that real property known as 5115 Krieger Court from Phyliss Brown Trustee of the F.R. Langley Family Trust, for use as a fueling facility to support City operations; to authorize an expenditure not to exceed $510,000.00 from the Fleet Management Capi...
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