Explanation
Background:
The purpose of this legislation is to authorize the appropriation and transfer of $768,248.63.00 from the Special Income Tax Fund No. 430 to the Voted 1995 and 1999 Parks and Recreation Bond Fund No. 702; and, to authorize the Director of Recreation and Parks to enter into a contract with RWS Building Company for the North Bank Park - Issue C1 Project.
Bids were received by the Recreation and Parks Department on December 19, 2003 for the North Bank Park - Issue C1 Project as follows:
Status Amount
RWS Building Company Majority $1,424,000.00
Greater Columbus Majority $1,471,139.00
Apex M & P FBE $1,553,875.00
Hopewell Construction FBE $1,649,000.00
***Central Ohio Building Majority Withdrew Bid
***Contractor had an incomplete bid and requested it be withdrawn.
Project includes general construction trades for work to be performed at North Bank Park.
The Contract Compliance Number for RWS Building Company is #31-0836188.
A contingency amount of $142,000.00 is being included in this project.
The approximate cost of Recreation and Parks staff time on this project is $5,000.00 (03-028).
This ordinance is submitted as an emergency to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management. Additionally, legislation should be emergency to allow project to be kept on schedule with existing and future construction projects in this riverfront area.
Fiscal Impact:
The transfer of $768,248.63 from the Special Income Tax Tund to the Voted 1995 and 1999 Parks and Recreation Bond Fund is a temporary measure until the City sells notes or bonds to fund these improvements.
The balance of $802,751.37 to meet the financial obligations of this contract is budgeted within the Recreation and Parks Grant Fund: Spring & Long Park Development/ODNR - Grant Funds.
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