BACKGROUND:
This ordinance will authorize the Director of Recreation and Parks to modify existing contract EL008110 with The Columbus Downtown Development Corporation for the administration of the Scioto Mile Development Project known as the Scioto Mile in the amount of $9,019,500.00.
Pursuant to Ordinance No. 1746-2009 the City entered into a contract with Columbus Downtown Development Corporation for the construction of the Scioto Mile Park and authorized the expenditure of an initial $5,000,000 and an additional $5,000,000 subject to future ordinances of council. This ordinance will provide the additional $5,000,000.00 in Voted Bond funding and $4,019,500 in grant funding, from the Ohio Department of Natural Resources ($3,019,500) and the Ohio Cultural Facilities Commission ($1,000,000) under grant agreements authorized by Ordinance Nos. 1364-2009 and 1337-2009, respectively. These expenditures will be used to pay a portion of the cost of construction of the Park and related services currently under way by Columbus Downtown Development Corporation.
The Contract Compliance Number for Columbus Downtown Development Corporation is #76-0704655.
Emergency action is necessary to allow Columbus Downtown Development Corporation to continue work as plans for the park are moving forward.
FISCAL IMPACT:
The expenditure of $9,019,500.00 is budgeted in the Recreation and Parks Voted 1999/2004 Bond Fund
"contingent on bond sale fund proceeds" ($5,000,000), ($3,019,500) and ($1,000,000) in grant funding are also budgeted and appropriated by previous legislation ord. #1364-2009 and 1337-2009.
Title
To authorize and direct the Director of Recreation and Parks to modify a contract with Columbus Downtown Development Corporation for the administration of the Scioto Mile Development Project from Battelle Park to Bicentennial Park; to authorize the expenditure of $9,019,500.00 from the Recreation and Parks Voted 1999/2004 Bond Fund and Recreation and Park...
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