Explanation
1. BACKGROUND
This ordinance authorizes: 1) the Director of Public Service to accept deposits from NWD Investments, LLC to be used for construction inspection and administration for the Brick Rehabilitation - Nationwide Boulevard project; 2) the establishment of an Auditor Certificate Direct Invoice (ACDI) for the payment of construction inspection and administration services for the project; and 3) the expenditure of funds for the aforementioned purpose. It also authorizes the refund of any unused funds deposited by NWD Investments, LLC for construction inspection and administration for this project upon the completion of final accounting for the Brick Rehabilitation - Nationwide Boulevard project or when the Department of Public Service determines remaining funds are no longer needed for construction inspection and administration for the project.
The aforementioned effort are maintenance projects to rebuild or replace brick walks and roadways, repair curbs, and repair fencing around landscaping beds on Nationwide Boulevard, John H McConnell Boulevard, and West Street. Existing sidewalk and tree grates on Front Street will be replaced with brick and concrete walks and new paver grates. NWD Investments, LLC will oversee the construction of the project, and the Department of Public Service will perform the requisite construction administration and inspection services relative to that effort.
NWD Investments, LLC recently deposited $212,234.00 with the City Treasurer to support the performance of those services. Ordinance 2932-2021 authorized the execution of a Construction Reimbursement Agreement for this project, which is currently being finalized.
2. FISCAL IMPACT
The City has received funding in the amount of $212,234.00 from NWD Investments, LLC for the inspection expenses and deposited said funds in Fund 7766, the Street and Highway Non-Bond Fund, Project P530105-100013 (Brick Rehabilitation - Nationwide Boulevard). It is necessary to ...
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