Explanation
Background: Lifestyle Communities has located their headquarters at 230 West Street in the Arena District. As an incentive, the City agreed to compensate the developer for public roadway improvements improving access to the offices and to pay for construction inspection services. The improvements are in keeping with the current style of Arena District public spaces. The formal competitive bidding requirements of Chapter 329 of the City Code are being waived for the procurement of developer services.
Fiscal Impact: $99,000 is available in the 2008 Capital Improvements Budget as existing cash in the Downtown Streetscape program ($75,000) and under Miscellaneous Development ($24,000).
Emergency action is required to accommodate the construction schedule.
Title
To authorize the Director of Development to enter into a Guaranteed Maximum Price Agreement with Lifestyle Communities for $75,000 to complete public roadway improvements adjacent to their offices in the Arena District; to authorize the expenditure of up to $24,000 for construction inspection services; to waive the competitive bidding requirements of the Columbus City Code, 1959; to authorize the expenditure of $99,000.00 from the Streets and Highways G.O. Bonds Fund; and to declare an emergency. ($99,000)
Body
WHEREAS, the need exists to enter into a Guaranteed Maximum Cost Agreement for the construction of new Arena District streetscape improvements to complement the development of Lifestyle Communities' headquarters at 230 West Street; and
WHEREAS, it is necessary to provide for construction inspection costs; and
WHEREAS, in order to allow streetscape projects and their adjacent private sector projects to proceed on schedule, streetscape construction agreements were negotiated, conditioned on the City's ability to fund new projects and City Council approval of the necessary legislation; and
WHEREAS, funds are available in the 2008 Capital Improvement Budget u...
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