Explanation
On June 23, 2008, the City Council of the City passed Ordinance No. 0851-2008 and on August 18, 2008 the City entered into a Guaranteed Maximum Reimbursement Agreement with Developer (the "Agreement") addressing, among other things, the demolition and remediation of Harrison Park. Ordinance No. 0873-2009, the second contract, was the Guaranteed Maximum Reimbursement Agreement with Developer for the Design and Construction documents for Harrison Park passed June 10, 2009.
This ordinance allows the Director of Recreation and Parks to authorize payment of TIF funds in Fund 788 to begin the construction work to include development of Harrison Park.
Financial Impact:
The funding is available under the Harrison West Recreation Park Fund:
Fund: 788 / OCA:788101 / Dept:51-01 / Project:788001 / Object Level 3: 6621 / Amount: $1,083,130.40
Title
To authorize the Director of Recreation and Parks to authorize payment of TIF funds to Wagenbrenner Management, Inc. for the purpose of the development of Harrison Park, in the amount of $1,083,130.40, to authorize the expenditure of $1,083,130.40 from the Harrison West Recreation Park Fund, the Guaranteed Maximum Reimbursement for this project established by Ordinance No. 0873-2009; and to declare an emergency. ($1,083,130.40)
Body
WHEREAS, the Department of Recreation and Parks has entered into a Guaranteed Maximum Cost contract with Wagenbrenner Management, Inc. for the purpose of design services for the development of Harrison Park; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to reimburse the developer so project can begin immediately to allow for completion during the current construction season, thereby preserving the public health, peace, prosperity, safety and welfare; NOW, THEREFORE
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. Th...
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