Explanation
BACKGROUND: This legislation authorizes the expenditure of up to $32,728 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 Burwell Investments, LLC, for Brownfield assessment and redevelopment of the site at 115 East Fifth Avenue, 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 $32,728 in order to perform Phase I and Phase II environmental site assessments. The site was a Sunoco gasoline service station for five decades and then a service garage. The assessment work authorized for reimbursement by this ordinance, and future corrective action or remediation, will enable the site to be redeveloped for mixed use.
Emergency action is requested so that the assessment work can be completed in 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 Burwell Investments, LLC to enable Brownfield assessment work to proceed in order to promote safe redevelopment of the site at 115 East Fifth Avenue, pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $32,728 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($32,728.00)
Body
WHEREAS,...
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