Explanation
BACKGROUND: This legislation authorizes the expenditure of $71,693 for a Brownfield grant award pursuant to the Green Columbus Fund established by Ordinance 1462-2010, which was later amended and replaced 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 1 Gay Company LLC for Brownfield assessment and redevelopment of the site at 1-11 E. Gay Street, 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 $71,693 in order to remove asbestos contaminated materials under the Physical Phase II provisions. This will enable the building at the southeast corner of E. Gay St. and N. High St. to be rehabilitated for mixed use.
Emergency action is requested so that the Physical Phase II corrective action work to remove asbestos contaminated materials can be completed a timely manner.
FISCAL IMPACT: Cash is available in the 2014 Capital Improvements Budget in the Green Columbus Fund portion of Fund 735, identified as Green Columbus Initiatives Fund.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with 1 Gay Company LLC to enable removal of asbestos contaminated materials under the Brownfield corrective action provisions in order to promote redevelopment of the 1-11 E. Gay Street building, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $71,693.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($71,693.00)
Body
WHEREAS, the Department of Development ad...
Click here for full text