Explanation
1. BACKGROUND: The Department of Public Utilities is currently under contract with Crace Construction Company. Crace Construction Company has reorganized from a company into a trust and the new company name will be Crace Construction Company Liquidating Trust. Therefore, this Ordinance authorizes the assignment of all past, present and future business done by the City of Columbus with Crace Construction Company FID 31-0957857, to be reassigned as Crace Construction Company Liquidating Trust, FID 61-1607141, with an expiration date of 04/21/2013.
2. FISCAL IMPACT: No additional monies are required to modify the option contracts. Each agency must set aside their own funding for their estimated expenditures.
The company is not debarred according to the Excluded Party Listing System of the Federal Government or prohibited from being awarded a contract according to the Auditor of State Unresolved Findings for Recovery Certified Search.
3. EMERGENCY DESIGNATION: In order to maintain uninterrupted service to City agencies contracted with this firm, this Ordinance is being submitted as an emergency.
Title
To authorize and direct the Director of Public Utilities to modify all contracts and agreements with Crace Construction Company by assigning past, present and future contracts and agreements to Crace Construction Company Liquidating Trust, and to declare an emergency. ($0)
Body
WHEREAS, the Department of Public Utilities have established various contracts and agreements with Crace Construction Company; and
WHEREAS, Crace Construction Company has reorganized from a company into a trust and the new company name will be Crace Construction Company Liquidating Trust and in addition to notifying the City of this change, Crace Construction Company Liquidating Trust has agreed to honor the past, present and future contracts and agreements established; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities in that it is immediately necessary to modify all contracts and agreements established under Crace Construction Company, Inc. to Crace Construction Company Liquidating Trust, thereby immediately preserving 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 Director of Public Utilities be and is hereby authorized and directed to modify all past, present and future contracts and agreements pursuant to those contracts to reflect the change of the company name and FID number from Crace Construction Company FID 31-0957857, to Crace Construction Company Liquidating Trust, FID 61-1607141.
SECTION 2. That this modification is in accordance with Section 329.16 of the Columbus City Code.
SECTION 3. That for the 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.