Explanation
This legislation authorizes the Transportation Division to reimburse the Gateway Area Revitalization Initiative (GARI) in an amount up to $1,500,000.00 for the second and last phase of construction associated with the Gateway Area improvement project on North High Street between Ninth Avenue and Chittenden Avenue and for construction inspection costs for the project. This improvement includes curb removal and replacement, curb ramp construction, new lighting and signalization, new water and sanitary lines, miscellaneous storm water improvements and other work. The December 23, 1999, Economic Development Agreement between the City and GARI provided that the City pay for or reimburse GARI for all of the design and construction costs incurred in undertaking this improvement up to and including a total of $5,000,000.00. Ordinance #1912-2002 passed by City Council on December 9, 2002, provided for the reimbursement of engineering and design expenses in the amount of $550,000.00. Ordinance #0548-2003 passed April 7, 2003, provided for the reimbursement of the first phase of construction costs in an amount up to $2,950,000.00.
This project is budgeted and money is available within the 1995, 1999 Streets and Highways Fund. This ordinance transfers monies between projects within this Fund as required. These funds will be restored with the next bond/note sale.
Emergency action is requested to reimburse GARI as soon as possible in order to comply with existing agreements. The construction of this project has been completed.
Title
To transfer $1,500,000.00 between projects within the 1995, 1999 Voted Streets and Highways Fund; to authorize the Public Service Director to reimburse the Gateway Area Revitalization Initiative for construction and inspection costs for the improvement of North High Street from Ninth Avenue to Chittenden Avenue for the Transportation Division; to authorize the expenditure of $1,500,000.00 from the 1995, 1999 V...
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