Explanation
To authorize the Director of the Department of Development to apply for and accept a grant from the Roadwork Development (629) Account of the Ohio Development Services Agency (ODSA) valued at $1,000,000 for costs associated with the completion of public roadwork improvements in support of the Big Lots, Inc. (Big Lots) corporate headquarters project. At the end of the grant period, any repayment of unencumbered balances required by the grantor is hereby authorized and any unused City match monies may be transferred back to the City fund from which they originated in accordance with all applicable grant requirements.
The City entered into an Economic Development Agreement (the “EDA”) with Hamilton Crossing, LLC, Casto AP Residential, LLC, The New Albany Company LLC, and Center State Enterprises LLC (the “Development Team”), pursuant to ordinance number 1802-2015 passed on July 15, 2015 for the purposes of funding public improvements in the northeast area of the city located adjacent to the N. Hamilton Road and State Route 161 interchange.
The City is currently in the construction phase of the Hamilton Road S-Curve roadway that will connect existing portions of N. Hamilton Road between Preserve Boulevard and State Route 161. The City is now in the design phase of subsequent roadway projects including the relocation of the portion of Dublin Granville Road that is situated between the existing portions of North Hamilton Road.
Big Lots is constructing a new, 300,000 square foot headquarters facility on the northern side of Dublin Granville Road; the construction of Relocated Dublin Granville Road is necessary to allow Big Lots access to the site. The construction of Relocated Dublin Granville Road and Big Lots headquarters is part of a larger development project that will include mixed-use development located adjacent to the N. Hamilton Road and State Route 161 interchange. The development will include approximately 300,000 additional square feet of Class A ...
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