FACILITIESPENDING

Columbus Plans Land Purchase Option With Olena Investments

Columbus plans to purchase approximately 2.08 acres from Olena Investments LLC at $104,000 per acre to enlarge a municipal parcel. The proposed agreement also gives the City an option through December 31, 2030, to buy additional land for a future water treatment facility, with annual price escalation after 2027.

Document date · October 4, 2026

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WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
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Scope & details

The full contract record, as filed.

Contract amount
Approximately 2.08 acres at $104,000 per acre; additional option land at $104,000 per acre if closed in 2027, increasing 3% each January 1 thereafter
Contract type
FACILITIES
Contract term
Initial purchase closing within 45 days after plat recording; option effective through December 31, 2030; option closing within 60 days after exercise notice
Renewal date
2030-12-31
Renewal
Purchase option expires December 31, 2030; price increases 3% annually beginning January 1 after 2027. No renewal provision is stated.
Document type
Agenda
Source document
City of Columbus Agenda 2026-10-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Columbus Utilities?

Olena Investments Llc was awarded this facilities contract by Columbus Utilities, as recorded on October 4, 2026. The contract value is Approximately 2.08 acres at $104,000 per acre; additional option land at $104,000 per acre if closed in 2027, increasing 3% each January 1 thereafter.

How much is the Olena Investments Llc contract with Columbus Utilities worth?

The Olena Investments Llc contract with Columbus Utilities is valued at Approximately 2.08 acres at $104,000 per acre; additional option land at $104,000 per acre if closed in 2027, increasing 3% each January 1 thereafter, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Columbus Agenda 2026-10-06 (Agenda), dated October 4, 2026 from Columbus Utilities. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Olena Investments Llc hold?

Olena Investments Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Columbus Utilities currently buying?

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