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Council advances $324,925 redevelopment appropriation after debate over Sears building costs and insurance
Summary
The council approved on first reading a $324,925 additional appropriation from the Redevelopment District General Fund to cover remediation, taxes and interim maintenance for the city-owned former Sears building after extended discussion about insurance coverage, vacancy risk and a plan to dispose of the property.
The Columbus Common Council on May 6 approved on first reading an additional appropriation of $324,925 from the Redevelopment District General Fund (Fund 4451) to cover expenses tied to the city’s ownership and interim maintenance of the former Sears building.
Redevelopment staff and city administration briefed the council on the request. Heather (Redevelopment staff) said the fund pays rents, utilities and maintenance for the Sears building while the city awaits the completion of the Downtown 2030 study to establish a long-term use. She said remediation from a pipe burst in 2024 resulted in a January payment to SERVPRO of $87,027 to avoid a lien on the property; that claim was still…
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