Explanation
1. BACKGROUND
This ordinance seeks authorization for the Director of the Department of Public Service to enter into a Design Guaranteed Maximum Reimbursement Agreement with The Annex at River South II, Ltd., for up to $63,402.39 to design the Downtown Streetscape -High Street-Rich to Main (Trautman Building) project.
The Annex at River South II, Ltd. is redeveloping the former Trautman Building and HUB Building properties on South High Street for a $21 million mixed-use project in the River South area of Downtown Columbus, which will include 106 apartment units, 7,800 square feet of ground floor retail, and .5 acres of green space.
In support of the continued redevelopment of downtown, the City of Columbus and The Annex at River South II, Ltd. are engaged in a Public-Private Partnership (3P) to design streetscape improvements along South High Street, West Rich Street, and South Wall Street immediately adjacent to The Annex at River South II project.
The scope of public improvements for the Downtown Streetscape -High Street-Rich to Main (Trautman Building) project include streetscape improvements along South High Street between West Rich Street and approximately 170' north of the West Rich Street centerline, South Wall Street from West Rich Street to approximately 165' north of the West Rich Street centerline, and West Rich Street between South Wall Street and South High Street. The sidewalk along High Street will be improved with the addition of brick paver walk and the south and west sides of the property along Rich Street and Wall Street will remove and replace existing walks as needed and modify existing access points.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for The Annex at River South II, Ltd. is 31-1691172. The expiration date is 1/7/16.
3. FISCAL IMPACTS
Funds in the amount of $63,402.39 are available for this project in the Streets and Highways G.O. Bond Fund within the Department of Development. An amendment to the 2014 Capital Improvements fund is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditure.
4. EMERGENCY DESIGNATION
The Department of Public Service is requesting this ordinance to be considered an emergency measure in order to allow for immediate execution of this design guaranteed maximum reimbursement agreement, which is necessary to facilitate the design of these improvements to maintain the project schedule and meet community commitments.
Title
To amend the 2014 Capital Improvement Budget; to authorize the City Auditor to transfer cash and appropriation between projects within the Streets and Highways Bond Fund; to authorize the Director of Public Service to enter into a Guaranteed Maximum Reimbursement Agreement with The Annex at River South II, Ltd.; to authorize the expenditure of $63,402.39 from the Streets and Highways Bond Fund; and to declare an emergency. ($63,402.39)
Body
WHEREAS, The Annex at River South II, Ltd. is redeveloping the former Trautman Building and HUB Building properties on High Street for a $21 million mixed-use project in the River South area of Downtown Columbus, known as The Annex at River South II; and
WHEREAS, the City of Columbus and The Annex at River South II, Ltd. are engaged in a Public-Private Partnership (3P) to make streetscape improvements along South High Street, West Rich Street, and South Wall Street immediately adjacent to The Annex at River South II project; and
WHEREAS, the Downtown Streetscape - Trautman Building (High Street) project include streetscape improvements along South High Street between West Rich Street and approximately 170' north of the West Rich Street centerline, South Wall Street from West Rich Street to approximately 165' north of the West Rich Street centerline, and West Rich Street between South Wall Street and South High Street; and
WHEREAS, the Department of Public Service has identified the need to enter into a Design Guaranteed Maximum Reimbursement Agreement with The Annex at River South II, Ltd. for the Downtown Streetscape -High Street-Rich to Main (Trautman Building) project; and
WHEREAS, it is necessary to authorize an amendment to the 2014 Capital Improvements Budget for the purpose of providing sufficient spending authority for the aforementioned project expenditure; and
WHEREAS, this ordinance authorizes the Director of the Department of Public Service to enter into a design guaranteed maximum reimbursement agreement with The Annex at River South II, Ltd., in an amount up to $63,402.39 for the design of public infrastructure improvements in connection with the Downtown Streetscape -High Street-Rich to Main (Trautman Building) project; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Service, in that it is immediately necessary to authorize the Director to enter into a guaranteed maximum reimbursement agreement to maintain the project schedule and meet community commitments thereby 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 2014 Capital Improvements Budget authorized by ordinance 0683-2014 be and is hereby amended to provide sufficient budget authority for the appropriate projects authorized within this ordinance as follows:
Fund / Project / Project Name / C.I.B. / Change / C.I.B. as Amended
704 / 590415-100012 / Public Private Partnership (3P) Projects (voted 2013) / $3,143,268 / ($63,403) / $3,079,865
704 / 530801-100012 / Downtown Streetscape -High Street-Rich to Main (Trautman Building) (voted 2013) / $0 / 63,403/ $63,403
SECTION 2. That the City Auditor be and is hereby authorized to transfer cash and appropriation within the Streets and Highways G.O. Bonds Fund, No. 704, as follows:
Transfer from:
Fund / Project / Project Name / O.L. 01-03 Codes / OCA / Amount
704 / 590415-100012/ Public Private Partnership (3P) Projects / 06-6600 / 741512 / $63,402.39
Transfer to:
Fund / Project / Project Name / O.L. 01-03 Codes / OCA / Amount
704 / 530801-100012 / Downtown Streetscape -High Street-Rich to Main (Trautman Building) / 06-6600 / 780112 / $63,402.39
SECTION 3. That this ordinance authorizes the Director of the Department of Public Service to enter into a Guaranteed Maximum Reimbursement Agreement with The Annex at River South II, Ltd., 230 West Street, Suite 200, Columbus, OH 43215, pursuant to Section 186 of the Columbus City Charter, to design the Downtown Streetscape -High Street-Rich to Main (Trautman Building) project in an amount up to $63,402.39.
SECTION 4. That for the purpose of paying the cost of this contract the sum of up to $63,402.39 or so much thereof as may be needed, is hereby authorized to be expended from the Streets and Highways Bond Fund as follows:
Fund / Project / Project Name / O.L. 01-03 Codes / OCA / Amount
704 / 530801-100012 / Downtown Streetscape -High Street-Rich to Main (Trautman Building) / 06-6682 / 780112 / $63,402.39
SECTION 5. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 6. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 7. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies are no longer required for said project.
SECTION 8. 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.