Explanation
BACKGROUND: This legislation authorizes the Director of Development to modify a contract with Long Street Associates LLP for the workforce housing project located at the corner of Front St. and Long St. in downtown Columbus in order to extend the completion date, add additional terms to the contract, to provide additional funds for the project, and allow payment of expenses that have occurred prior to the effective date of the contract modification.
Ordinances 1489-2015 and 3085-2015 authorized the Director of Development to provide financial support for the development and redevelopment of housing for people working near major job centers that cannot afford market rate housing through the Housing Works Program.
The original contract with Long Street Associates LLP for this purpose was authorized and funded under ordinance 1489-2015. Later in the year, the department encumbered additional funds under ordinance 3085-2015 for the same program.
The contract modification will extend the contract completion date from March 31, 2019, to March 31, 2020; add terms regarding affordability of the workforce housing units and the requirement for a restrictive covenant; to increase the contract amount by $1,000,000 to be funded from Ordinance 3085-2015; and to and to allow for costs incurred prior to this modification be eligible for reimbursement.
Original contract amount $1,000,000.00 Ord. 1489-2015
Modification amount $1,000,000.00 Ord. 3085-2015
Total contract amount $2,000,000.00
Emergency legislation is requested to allow construction to be completed on schedule and allow for workforce occupancy as soon as possible.
FISCAL IMPACT: Funds for this expenditure are available on ACPR000594, authorized by ordinance 3085-2015.
CONTRACT COMPLIANCE: The vendor’s contract compliance number is 311189621 and expires 4/17/21.
Title
To authorize the Director of Development to enter into a contract modification with Long Street Associates, LLP to extend the contract completion date from March 31, 2019, to March 31, 2020, to modify the project budget, to increase the contract amount by $1,000,000.00, to add terms regarding affordability of the workforce housing units and the requirement for a restrictive covenant, and to allow payment of expenses that have occurred prior to the effective date of the contract modification; and to declare an emergency. ($1,000,000.00)
Body
WHEREAS, contract EL0173241 was entered into with Long Street Associates, LLP in the amount of $1,000,000.00, for the development of workforce housing in the downtown district; and
WHEREAS, it has become necessary to modify the contract to extend the contract completion date from March 31, 2019, to March 31, 2020; and to increase the contract amount by $1,000,000; and
WHEREAS, it is necessary to allow payment of expenses that have occurred prior to the effective date of the contract modification; and
WHEREAS, it has become necessary to add terms regarding affordability of the workforce housing units and the requirement for a restrictive covenant; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development that it is immediately necessary to enter into a contract modification with Long Street Associates, LLP, to allow construction to be completed on schedule and to allow for workforce occupancy as soon as possible, thereby preserving the public health, peace, safety, and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Development is authorized to modify a contract with Long Street Associates, LLP for the workforce housing project located at the corner of Front St. and Long St. in downtown Columbus; to extend the contract completion date from March 31, 2019, to March 31, 2020; add terms regarding affordability of the workforce housing units and the requirement for a restrictive covenant; to increase the contract amount by $1,000,000; and allow payment of expenses that have occurred prior to the effective date of the contract modification.
SECTION 2. That the expenditure of up to $1,000,000 is hereby authorized under ordinance 3085-2015, and funded from ACPR000594.
SECTION 3. 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 4. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance 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 5. 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.