Explanation
Background: This legislation authorizes the expenditure of up to $100,000 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 303 MOB LLC for Brownfield abatement and redevelopment of the site at 303 E. Town Street, subject to the project attaining Brownfield assessment and redevelopment goals of the program and meeting the terms and conditions of the agreement. It authorizes the expenditure of up to $100,000 in order to perform asbestos abatement at the site. This will allow the site that has been vacant for 10 years to be fully developed as a four-story, 63,000 square foot medical office building.
Emergency action is requested so that the Brownfield assessment work can be completed in a timely manner.
Fiscal Impact: Cash is available in the 2016 Capital Improvements Budget in the Green Columbus Fund portion of Fund 7735, identified as the Green Columbus Initiatives Fund.
Emergency Justification: Emergency legislation is required to allow for immediate execution of the Green Columbus Fund Agreement, which is necessary to facilitate the assessment and remediation of the property to maintain the project schedule and to coincide with the established development timeline.
Title
To authorize the Director of the Department of Development to enter into a Brownfield grant agreement with 303 MOB LLC to perform asbestos remediation on the site pursuant to the Green Columbus Fund Program; to authorize the expenditure of up to $100,000.00 from the Northland and Other Acquisitions F...
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