Explanation
1. BACKGROUND
This legislation authorizes the Director of Public Service, on behalf of the City of Columbus, Ohio (the “City”), to enter into a Construction Guaranteed Maximum Reimbursement Agreement with White Castle Management Co. (hereinafter the “Development Team”) relative to the Roadway - Edgar Waldo Way and Generations Pass project.
The aforementioned project will result in the construction of two new public roadways in the vicinity of the 555 W. Goodale Street site: Edgar Waldo Way and Generations Pass. Construction also will include new street lighting, storm sewer, retaining walls, and a waterline included in the Generations Pass and Edgar Waldo Way Waterline Improvement Plan. The City agrees to reimburse the Development Team for eligible construction costs.
2. CONTRACT COMPLIANCE INFORMATION
White Castle presently does not have a valid contract compliance number and will be required to become contract compliant before the City executes the requisite reimbursement agreement.
3. FISCAL IMPACT
Funds in the amount of $1,434,621.21 are available for this project in the Streets and Highways Bond Fund, Fund 7704, within the Department of Public Service.
4. EMERGENCY DESIGNATION
Emergency action is requested to facilitate the execution of the requisite reimbursement agreement as soon as reasonably practicable so as to maintain the current project schedule and to meet community commitments.
Title
To authorize the City Auditor to transfer cash and appropriation between projects within the Streets and Highways Bond Fund; to authorize the Director of the Department of Public Service to enter into a Construction Guaranteed Maximum Reimbursement Agreement with White Castle Management Co.; to authorize the expenditure of up to $1,434,621.21 within the Streets and Highways Bonds Fund; and to declare an emergency. ($1,434,621.21)
Body
WHEREAS, the Development Team is administering the Roadway - Edgar Waldo Way and Generations Pass pro...
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