Explanation
Background: Phase 1 of Northland Roadway construction is now complete which provides access to the western portion of Northland Park. Design of the remaining public roadways has commenced. Home Depot is in the final stages of review of its due diligence under its purchase contract with Columbus Urban Growth to redevelop a site on the eastern portion. Engineering plans, commissioned by Home Depot, are underway to construct a southern extension of Tamarack Boulevard from Morse Road to Northland Park Avenue. Tamarack will serve as the main access route to Home Depot and will also service parcels to the south and west. Since Tamarack is not exclusively for Home Depot's use, Home Depot's purchase contract is contingent on the City paying for 65% of the cost of its construction up to $1,800,000. From the $1,800,000, $275,000 will be set aside for construction inspection costs.
Fiscal Impact: Up to $1,800,000 in capital improvement dollars.
Emergency Justification: Home Depot's purchase contract with Columbus Urban Growth Corporation for approximately 11 acres of the Northland Park site is contingent on a firm commitment from the City to pay for the costs of constructing Tamarack Boulevard that are not related to the redevelopment of its prospective site. This contingency must be satisfied in early June before Home Depot's real estate committee will approve the contract.
Title
To authorize the Director of Development to enter into a Guaranteed Maximum Reimbursement Contract under Section 186 of the Columbus City Charter with Home Depot for the construction of the southern extension of Tamarack Boulevard on the Northland Park site; to authorize a transfer between and within projects within Fund 704; to authorize the expenditure of $1,800,000; to waive the competitive bidding provisions of Chapter 329 of the Columbus City Codes; and to declare an emergency. ($1,800,000)
Body
WHEREAS, design of roadways to serve Northland Park has commenced as Phase 2; and
WHEREAS, Home Depot is under contract with Columbus Urban Growth Corporation to purchase a site on the eastern portion and has design work underway to extend Tamarack Boulevard into Northland Park as its main access route; and
WHEREAS, this extension of Tamarack Boulevard will also serve future development to the south and west of Home Depot; and
WHEREAS; Home Depot's purchase contract is contingent on a firm commitment by the City to participate in the cost of construction at a level of 65% of final reimbursable costs up to a $1,800,000 cap; and
WHEREAS; an emergency exists in the usual daily operation of the Development Department in that it is immediately necessary to authorize the Director of Development to enter into a Guaranteed Maximum Reimbursement Contract under Section 159 of the Columbus City Charter, for the preservation of the public health, peace, property, safety and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor be and hereby is authorized to transfer $1,472,484.35 between projects within Fund 704, the 1995, 1999 Voted Streets and Highways Fund, Department No. 59-09, Transportation Division, as follows:
TRANSFER FROM:
Project Number/ Project / Object Level 01/ Object Level 03/ OCA Code/ Amount
530010 / Krumm Park / 06/6600 / 644385 / $3,408.57
530034 / Spring Sandusky Interchange / 06/6600 / 644385 / $1,396.00
530087 / ADA Ramps / 06/6600 / 644385 / $235.84
530790 / Sidewalk Program / 06/6600 / 644385 / $42,083.84
530801 / Downtown Streetscape Improvements / 06/6600 / 644385 / $77,816.78
590106 / I-670 Retail Cap / 06/6600 / 644385 / $43,620.43
590109 / Mound/Souder / 06/6600 / 644385 / $19,353.66
590125 / Hazmat Signage / 06/6600 / 644385 / $15,000.00
590130 / Facilities / 06/6600 / 644385 / $1,125,719.76
590131 / Miscellaneous Developments / 06/6600 / 644385 / $142,179.82
590408 / Jeffrey Housing - Streets / 06/6600 / 644385 / $400.00
704999 / Unallocated Balance / 06/6600 / 644385 / $1,269.65
Total Transfer From: $1,472,484.35
TRANSFER TO:
Project Number/ Project/ Object Level 01/ Object Level 03/ OCA Code/ Amount
590415/ Economic and Community Development/ 06/ 6600/ 644385/ $1,472,484.35
Total Transfer To: $1,472,484.35
SECTION 2. That the City Auditor be and hereby is authorized to transfer $1,800,000.00 from Fund 704, the 1995, 1999 Voted Streets and Highways Fund, Transportation Division, to Fund 735, the Northland and Other Acquisitions Fund, as follows:
TRANSFER FROM:
Fund/ Dept. #/ Project/ Object Level 01/ Object Level 03/ OCA Code/ Amount
704 / 59-09 / 590415 / 06/6600 / 644385 / $1,800,000.00
Total Transfer From: $1,800,000.00
TRANSFER TO:
Fund/ Dept. #/ Project/ Object Level 01/ Object Level 03/ OCA Code / Amount
735 / 44-01 / 441735 / 80/0886 / 441735 / $1,800,000.00
Total Transfer To: $1,800,000.00
SECTION 3. That the Director of Development be authorized to enter into a Guaranteed Maximum Reimbursement Contract under Section 186 of the Columbus City Charter to reimburse Home Depot for 65% of the costs up to a maximum of $1,800,000 to construct a 1000' southern extension of Tamarack Boulevard from Morse Road to Northland Park Avenue which includes $275,000 for construction inspection fees.
SECTION 4. That for the purpose stated in Section 3, the expenditure of up to One Million Eight Hundred Thousand Dollars ($1,800,000) or so much thereof as may be necessary for this purpose from the Development Department, Division No. 44-01, Fund No. 735, Northland and Other Acquisitions, Project No. 441735, OCA Code 441735, Object Level 3 6680 is appropriated and authorized.
SECTION 5. That the competitive bidding provisions of Chapter 329 of the Columbus City Codes be and hereby are waived.
SECTION 6. That for reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves nor vetoes the same.