Explanation
Background:
The City of Columbus owns Genoa Park immediately east of COSI along with the building that COSI operates which is located at 333 W. Broad St., Columbus, Ohio, 43215. The City has determined that it is in their best interest to enter into an agreement with the Franklin County Historical Society (dba COSI) for the purposes of renovating and improving the building and surrounding grounds. In order to facilitate the renovation of the building, it is necessary for the City and COSI to enter into this agreement for the purposes of setting forth the terms and conditions therein.
The Guaranteed Maximum Cost to be reimbursed by the City for the design and construction of improvements shall not exceed $750,000.00.
This ordinance allows the Director of Recreation and Parks to authorize payment of Recreation and Parks Voted Bond Funds for the renovation of COSI facility.
Principal Parties:
Franklin County Historical Society
Contract Compliance is #314383802.
This is a non-profit organization.
Fiscal impact:
Contingent on July 10, 2012 Bond Sale.
The expenditure of $750,000.00 is budgeted in the Recreation and Parks Voted Recreation and Parks Bond Fund.
Title
To authorize and direct the Director of Recreation and Parks to enter into a Guaranteed Maximum Reimbursement Agreement with Franklin County Historical Society, dba COSI, for the renovation of the COSI facility and surrounding grounds; to authorize the expenditure of $750,000.00 from the Recreation and Parks Voted Bond Fund; and to declare an emergency. ($750,000.00),
Body
WHEREAS, it is necessary for the Department of Recreation and Parks to enter into a Guaranteed Maximum Cost Agreement with Franklin County Historical Society for the purpose of design and construction services for the renovation of the COSI facility and surrounding grounds; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary...
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