The document outlines the Green Columbus Fund and Green Switch Loan Fund programs aimed at promoting energy efficiency and supporting LEED certified buildings in Columbus. The Green Columbus Fund offers a $1 million reimbursement grant targeting private and non-profit sectors for building certification and brownfield redevelopment, while the Green Switch Loan Fund provides loans of up to $200,000 for energy efficiency improvements. Both programs are part of Columbus's strategy to enhance economic development and environmental goals.

1. Green Incentive Programs City of Columbus November 15, 2010

2. Outline • Green Columbus Fund LEED Certified Buildings Brownfield Redevelopment • Green Switch Loan Fund 1

3. Green Columbus Fund Overview • $1 million reimbursement Grant Program • First Program Year Oct. 2010 through Sept. 2011 • Open Application Cycle 2

4. Green Columbus Fund Overview • Targets private & non-profit sectors • Priority for developed area • Two main components: LEED Certified Buildings Brownfield redevelopment 3

5. Minimum Requirements for Reimbursement of LEED Certification Fee • Certified or above under LEED 2009 New Construction and Major Renovation • Meet at least 8 of 12 criteria selected by City • Considering Commercial Interior or Core and Shell 4

6. To Qualify for Additional Incentives • Location in developed area +100% • LEED Silver, Gold or Platinum +50%, 100% or 150% • 9, 10, 11 or 12 of key Columbus criteria +25%, 50%, 75% or 100% • Cannot exceed +200% or triple the certification fee 5

7. Strengths of this approach • Builds on most vetted program of the US Green Building Council • Support of Central Ohio GBC Chapter • Does not require ramping up City bureaucracy • Supports economic development & environmental goals 6

8. Brownfield Redevelopment funds available for • Phase I & II Environmental Assessments • Phase II Physical Environmental Assessments for abandoned gas stations • Portion of land acquisition costs • Will not pay for direct remediation costs – defer to State 7

9. Strengths of this approach • Builds on Clean Ohio Fund • Can fill smaller niches or supplement • Supports economic development & environmental goals 8

10. Mechanics of Green Columbus Fund Program • Submit either of the two applications • Negotiate development agreement • City Council authorization • Performance based reimbursement 9

11. Green Switch Loan Fund • A revolving loan fund to improve energy efficiency in commercial & industrial buildings • $1,000,000 grant from the U.S. Department of Energy • Loan amounts of up to $200,000 are available for gap financing of energy efficiency construction/renovation projects • Investment: 75% energy efficiency fund, 25% equity/other funding sources 10

12. Green Switch Loan Fund Loan Terms • 2% to 5% interest (based on financial ability) • 10 to 15 year term • Up to 50% loan forgiveness upon completion of construction and job creation (up to 50% loan forgiveness is offered because of increased costs associated with Davis-Bacon prevailing wage requirements) 11

13. Green Switch Loan Fund Job Creation: Construction jobs (project based) Administrative jobs (loan administration) Administered by: City of Columbus Department of Development 614-645-8644 For applications contact: Community Capital Development Corporation 614-645-8066 12

14. David Hull Assistant Director for Sustainability and Regional Development Columbus Department of Development [email_address] 614-645-6330