Explanation
BACKGROUND: This legislation authorizes the expenditure of up to $50,700 for a LEED grant award pursuant to the Green Columbus Fund, a grant program established by Ordinance 1462-2010 and 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 Two Fifty High LLC for the sustainable construction of a 12 story mixed-use building project at 250 South High Street in Downtown Columbus. The project is subject to attaining LEED certification and meeting the other terms and conditions of the agreement. The ordinance also authorizes the expenditure of up to $50,700 for this purpose.
Emergency action is requested so LEED certification work can begin in a timely manner and not delay the construction schedule.
FISCAL IMPACT: Cash is available in the 2014 Capital Improvements Budget in the Green Columbus Initiatives Fund portion of the Northland and Other Acquisitions Fund 735.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with Two Fifty High LLC, in order to foster sustainable building through LEED certification of the 12 story mixed-use building at 250 S. High Street, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $50,700.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($50,700.00)
Body
WHEREAS, the Department of Development administers the Green Columbus Fund (established by Ordinance 1462-2010 and amended and replaced by Ordinance 1931-2012) from city bond proceeds; and
WHEREAS, the Green Columbus Fund represents the City's commitment to foster sustainable building throu...
Click here for full text