Explanation
Background: This legislation authorizes the expenditure of up to $4,404.75 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 114 East 5th Avenue, subject to the project attaining Brownfield assessment and redevelopment goals of the program, and meeting the terms and conditions of the agreement. This project was previously awarded $29,500 for a Phase I and Phase II assessment on the site. This authorizes the additional expenditure of up to $4,404.75 to complete the work on the site in order to achieve a required NFA (No Further Action) from the Bureau of Underground Storage Tank Regulations (BUSTR). This is the last step in the BUSTR process and will allow the site to be fully developed as multi-family residential.
Emergency action is requested so that the Brownfield assessment work can be completed in a timely manner.
Fiscal Impact: Cash is available in the 2018 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 agreem...
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