Explanation
1. BACKGROUND
This legislation authorizes the Director of Public Service to enter into a contract for the construction of the Roadway Improvements - Fodor Road Roadway Improvement project (CIP No. 530161-100091) in the amount of $1,066,646.63 with associated construction inspection costs of $106,664.66, for a total expenditure of $1,173,311.29.
This legislation also authorizes the Director of Public Service, in place of the Director of Development, to enter into an agreement with The Kroger Co. and New Albany Company LLC (a three party agreement) to provide for reimbursement of a portion of the costs (The Kroger Co.) and to provide for the contribution of a portion of the costs without reimbursement (New Albany Company LLC) of constructing roadway improvements at the intersection of New Albany Road and Fodor Road. The Kroger Co. shall deposit $996,461.32 and New Albany Company LLC shall deposit $176,849.97.
Ordinance 0572-2009 authorized the Director of Development to enter into a Reimbursement Agreement with The Kroger Company for said project. At that time it was planned that The Kroger Co. would hold the construction contract and the reimbursement agreement for construction would be held by the Director of Development. Since that time, it was determined that The Kroger Co. and New Albany Company LLC would deposit construction and inspection funds with the City and the Department of Public Service would hold the construction contract. Because of this change, it is in the best interest of the City that the agreement be held by the Department of Public Service.
This project consists of constructing improvements at the Fodor road and New Albany Road intersection. These improvements include 12 foot granite truck apron and a 12 inch mountable granite curb; the intersection improvements will include full depth pavement reconstruction. The existing 8 foot wide shared use path will be relocated. An additional 8 foot shared use path will also be c...
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