Explanation
The City is engaged in efforts to improve the East Broad Street corridor to enhance the business climate and promote safe and expeditious traffic flow. Previous legislative initiatives include Ordinance 1159-2005 passed by Council July 11, 2005 that established the East Broad Street tax incremental financing (TIF) district; Ordinance 0629-2006 passed April 24, 2006 that authorized construction of an extension of Broughton Avenue and Ordinance 0838-2006 passed June 5, 2006 that granted consent, proposed cooperation and authorized the Public Service Director to enter into agreements with Empire Ventures/6200 E. Broad Street, LLC ("Continental") for its design and construction of improvements.
This legislation authorizes the Public Service Director to enter into a $446,050.00 Reimbursement Agreement with Empire Ventures/6200 E. Broad Street, LLC ("Continental") for the design of improvements along the East Broad Street corridor. The projects are designated in Exhibit D in the Tax Increment Financing Agreement for the East Broad Street. Preliminary engineering will be provided for the East Broad Street Median Project from I-270 to Reynoldsburg-New Albany Road. Services are detailed in the Consultants letter dated June 23, 2006. The formal competitive bidding requirements of Chapter 329 of the City Code are being waived for the procurement of preliminary engineering services pursuant to this Reimbursement Agreement.
Fiscal Impact: Funds are on deposit in the East Broad Street Growth Area Fund, Fund 774.
Emergency action is requested so that this project can proceed in a timely manner and keep commitments made to the local community.
Title
To authorize the Public Service Director to enter into a Reimbursement Agreement with Empire Ventures/6200 E. Broad Street, LLC ('Continental') for the preliminary engineering of the East Broad Street Median Project from I-270 to Reynoldsburg-New Albany Road; to waive the competitive bidding requi...
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