Tri-Village News

Yard agreements will wait for third readings

By ThisWeek Community News  • 

Grandview Heights City Council at its meeting Monday, Dec. 2, approved one ordinance relating to the Grandview Yard project, but two measures could not be passed because there were not enough votes to suspend the rules and allow for approval on their second readings.

Councilwoman P'Elizabeth Koelker recused herself from the discussion and vote on the Yard legislation because of a business relationship with Nationwide Realty Investors, the Yard's developer. Councilman Ed Hastie was absent, leaving only five voting members.

Council did approve accepting the final plat for about 7.2 acres of property referred to as Grandview Yard Southeast.

Hofbrauhaus, a restaurant and German-style beer hall, will open a location on the parcel.

NRI is expected to present an office development proposal for the property at the Dec. 18 Grandview Heights Planning Commission meeting.

Council was not able to act on an ordinance authorizing the city to enter into an amended and restated cooperative agreement with the Columbus-Franklin County Finance Authority and NRI. The original agreement was ratified in 2009.

Technical amendments are needed to allow the city to use tax-increment financing revenue to pay the debt service on loans from state, federal and local sources to fund infrastructure improvements in the Yard district.

The amended agreement also will acknowledge NRI's pledge of funds from a city of Columbus TIF for the payment of debt service on bonds issued by the Finance Authority for projects within the Yard. The projects include the widening of Third Avenue, construction of a connector road between Goodale and Third, and improvements to the Goodale Boulevard railroad bridge.

Council also held a second reading on legislation to approve an agreement with Columbus regarding municipal services and the allocation of taxes from property in the northern end of the Yard that straddles both communities.

Under the agreement, Columbus would receive 76 percent of the tax revenue from the property and Grandview 24 percent. The division is based on the percentage of the parcel that lies within each jurisdiction.

Columbus would have the responsibility and authority regarding the building plan review, issuing building permits and completing fire and building inspections, and would charge fees for those services.

Both ordinances are expected to be approved at council's Dec. 16 meeting.

Also at this week's meeting, council approved a resolution accepting a $70,000 Land and Water Conservation Fund grant from the Ohio Department of Natural Resources.

The city received notice Nov. 22 that its grant application had been approved.

The funds will be used for accessible improvements at Wyman Woods park.