City of Columbus - File #: 1655-2008

• File #: 1655-2008
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/10/2008
• In control: Finance & Economic Development Committee
• On agenda: 10/20/2008
• Final action: 10/20/2008
• Title: To authorize the amendment and restatement of the existing Guaranteed Maximum Price Contract under Section 186 of the Columbus City Charter between Capitol South Community Urban Redevelopment Corporation and the City for the development, design and construction of the Front Street Parking Garage to include the development, design and construction of a Fourth Street Parking Garage, to authorize the expenditure of an amount not to exceed $26,170,871, and determining that such actions are necessary pursuant to Section 55(b) of The Charter of the City of Columbus.

Date	Ver.	Action By	Action	Result
10/22/2008	1	CITY CLERK	Attest
10/20/2008	1	Columbus City Council	Waive the 2nd Reading	Pass
10/20/2008	1	Columbus City Council	Approved	Pass
10/20/2008	1	COUNCIL PRESIDENT	Signed
10/20/2008	1	MAYOR	Signed
10/15/2008	1	Auditor Reviewer	Reviewed and Approved
10/15/2008	1	Atty Drafter	Sent for Approval
10/15/2008	1	CITY ATTORNEY	Sent to Clerk's Office for Council
10/14/2008	1	Finance Reviewer	Reviewed and Approved
10/14/2008	1	Finance Reviewer	Reviewed and Approved
10/14/2008	1	FINANCE DIRECTOR	Reviewed and Approved
10/14/2008	1	Atty Drafter	Sent for Approval
10/14/2008	1	Auditor Reviewer	Reviewed and Disapproved
10/14/2008	1	Atty Drafter	Sent for Approval
10/14/2008	1	CITY AUDITOR	Reviewed and Approved
10/10/2008	1	Atty Drafter	Sent for Approval
10/10/2008	1	Atty Reviewer	Reviewed and Approved
10/10/2008	1	Atty Drafter	Sent for Approval
10/10/2008	1	CITY ATTORNEY	Reviewed and Approved

Explanation
BACKGROUND:

This Ordinance is one of a series of ordinances specifically, Ordinances No. 0628-2007, passed by Council on May 9, 2007, No. 1167-2007, passed July 25, 2007, No. 1277-2007, passed August 2, 2007, No. 0109-2008, passed February 4, 2008 and No. 0167-2008, passed February 4, 2008, all of which generally advance the development by the City of two parking garages to be located in Downtown Columbus, one in the area of Front and Rich Streets and the other in the area of 4th and Elm Streets.

This Ordinance provides for amending and restating the existing Guaranteed Maximum Price Contract under Section 186 of the Columbus City Charter between the City and Capitol South for the development, design and construction of the Front Street Parking Garage to include the development, design and construction of a Fourth Street Parking Garage. Because this contract is entered into under Section 186 of the Charter, competitive bidding is not required, and therefore it is necessary to waive the competitive bidding procedures of Chapter 329. Capital South is uniquely positioned to serve as the design/builder of the Fourth Street Parking Garage due to its familiarity with the project and other redevelopment activities in the Downtown area and is prepared to serve without compensation, other than the reimbursement to Capitol South of the actual costs of development, design and construction, free from any profit or mark-up.

FISCAL IMPACT:

The funding for the contract with Capitol South will come from the Parking Garages Enterprise Fund. Ordinance No. 0109-2008 authorized a temporary transfer from the Special Income Tax Fund to the Parking Garages Enterprise Fund in order to provide funding for this Ordinance. The transfer from the Special Income Tax Fund is a temporary measure until the next bond/note sale occurs, at which time that fund will be reimbursed.

Title

To authorize the amendment and restatement of the existing Guaranteed Maxim...