Explanation
This consent legislation authorizes the City to execute a cooperation agreement with Empire Ventures/6200 East Broad Street, LLC ('Continental') for the design of improvements along the East Broad Street corridor. The work is designated as Exhibit D in the Tax Increment Financing Agreement for East Broad Street corridor that was authorized by Ordinance 1159-2005 passed by City Council on July 11, 2005. The projects listed in exhibit D are as follows:
·Morrison Road southbound left turn to Claycraft Road;
· Taylor Station Road northbound and southbound left turn to Claycraft Road and signalization of Taylor Station/Claycraft Road intersection;
· Taylor Station Road southbound left turn to Lucent Site Drive 1;
· Taylor Station Road northbound right turn to Lucent Site Drive 1;
· Taylor Station Road southbound left turn to Lucent Site Drive 3;
· traffic signal improvements at Taylor Station Road and Site Drive 3;
· Taylor Station Road widening;
· East Broad Street eastbound right turn to Mount Carmel Drive;
· East Broad Street westbound right turn to Lucent Site Drive 4;
· East Broad Street westbound right turn to Lucent Site Drive 5;
· East Broad Street westbound right turn to Lucent Site Drive 6;
· sidewalk on Lucent Drive (Site Drive 6);
· traffic signal improvements at East Broad Street and Rosehill Road;
· Reysnoldsburg-New Albany Road improvements;
· Taylor Station Road southbound left turn onto East Broad Street;
· traffic signal improvements at East Broad Street and Taylor Station Road;
· McNaughten Road northbound right turn onto East Broad Street;
· McNaughten Road northbound left turn onto East Broad Street;
· pavement coring on Lucent Drive (Site Drive 6);
· Outerbelt Street extension;
· reconstruction of Lucent Drive (Site Drive 6);
· one westbound lane addition on East Broad Street from Taylor Station Road to Reynoldsburg-New Albany Road;
· one eastbound lane addition on East Broad Street from Taylor Station Road to Reynoldsburg-New Albany Road;
· East Broad Street eastbound right turn lane to site drive opposite Taylor Station Road;
· sidewalk on the north and south sides of East Broad Street;
· concrete slab bridge replacement over Mason Run (20' long by 140' wide);
· East Broad Street traffic signal improvements
·East Broad Street eastbound left turn onto Taylor Station Road,
These projects' design cost will be funded by Empire Ventures/6200 East Broad Street, LLC until funds are available to reimburse them. The City will provide administration and review services for the design. Per the Tax Increment Financing Agreement for East Broad Street, Mount Carmel Health System ("Mount Carmel"), Empire Ventures/6200 East Broad Street, LLC ("Continental"), Dominion Homes, Incorporated ("Dominion") and M/I Homes of Central Ohio ("M/I Homes") will make payments to an account established by the City from which project costs will be paid.
Fiscal Impact: Funding will be provided from an account established by the City for the purpose of reimbursing Continental for expenditures incurred in connection with the projects. This ordinance provides consent only. No financial participation is required from the City at this time.
Emergency action is requested to keep these projects on schedule and within budget.
Title
To grant consent and propose cooperation with Empire Ventures/6200 East Broad Street, LLC ("Continental") to provide design services for the improvement of East Broad Street tax increment financing (TIF) projects consistent with the Tax Increment Financing Agreement for East Broad Street corridor TIF projects authorized by Ordinance 1159-2005; to authorize the Public Service Director to enter into agreement(s) with Continental as necessary to complete the design of these improvements for the Transportation Division. ; and to declare an emergency. ($-0-)
Body
WHEREAS, the City has identified the need for and proposes the improvement of a portion of public highway that is described as follows:
Exhibit D of the Tax Increment Financing Agreement for the East Broad Street corridor; and
WHEREAS, this work is designated as elements of the Tax Increment Financing Agreement for the East Broad Street corridor that was authorized by Ordinance 1159-2005 passed by City Council on July 11, 2005; and
WHEREAS, the City further desires cooperation from Empire Ventures/6200 East Broad Street, LLC ("Continental") in the planning, design and construction of said improvement; and now, therefore
WHEREAS, an emergency exists in the usual daily operation of the Public Service Department in that it is immediately necessary to provide consent for these projects so they can proceed according to established timelines, thereby preserving the public health, peace, property, safety and welfare; now, therefore
SECTION 1. That the City of Columbus consents to the design of these projects listed on exhibit D of the Tax Increment Financing Agreement for the East Broad Street corridor subject to the following conditions: (a) Continental will assume one hundred percent (100%) of the design costs; (b) the City will reimburse Continental from a fund established for this purpose; and (c) this agreement provides for consent only with no financial participation being required from the City at this time.
SECTION 2. That the Public Service Director be and hereby is authorized to enter into such agreement(s) with Continental as necessary to complete the design of these improvements on behalf of the City consistent with this ordinance, Ordinance 1159-2005 and the Tax Increment Financing Agreement for the East Broad Street corridor for financial commitments for infrastructure improvements.
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 or ten days after passage if the Mayor neither approves nor vetoes the same. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.