Explanation
BACKGROUND: This legislation authorizes the expenditure of $143,426 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 Trolley Barn LLC for Brownfield assessment and redevelopment of the site at 1610 E. Oak 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 $143,426 in order to perform Phase I and Phase II Environmental Site Assessments and an asbestos survey. This will enable the site to be redeveloped for mixed use, which may involve retail, restaurant and residential facilities.
Emergency action is requested so that the Phase I and Phase II assessment work and an asbestos survey 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 Trolley Barn LLC to enable Phase I and Phase II assessment work and an asbestos survey at the site located at 1610 E. Oak Street, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $143,426.00 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($143,426.00)
Body
WHEREAS, the Department of Development administers from city bond proceeds the Green Columbus Fund, established...
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