Explanation
1. BACKGROUND
This ordinance seeks authorization for the Director of Public Service to enter into Guaranteed Maximum Reimbursement Agreements with the Columbus Metropolitan Library for up to $500,000.00 to design and construct public infrastructure improvements in support of the 2020 Vision Plan.
The Columbus Metropolitan Library is undertaking the 2020 Vision Plan, a $120 million capital improvement program that will invest approximately $85 million in seven libraries in Columbus. To complement the 2020 Vision Plan, the city has committed $500,000.00 in the 2014 Capital Improvement Budget and has agreed to request $1,333,000.00 in the 2015 Capital Improvement Budget and $1,957,000.00 in the 2016 Capital Improvement Budget, for a maximum of $3,790,000.00, for public infrastructure improvements at the following locations: Main Library, Northside Branch, Shepherd Branch, Martin Luther King, Jr. Branch, Driving Park Branch, Parsons Branch and Northern Lights Branch.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for Columbus Metropolitan Library is 463121374. The expiration date is 2/5/16.
3. FISCAL IMPACTS
Funds in the amount of $500,000.00 are available for this project in the Streets and Highways G.O. Bond Fund within the Department of Public Service.
4. EMERGENCY DESIGNATION
The Department of Public Service requests City Council consider this ordinance as an emergency measure in order to allow design and construction to begin, which is necessary to maintain the Columbus Metropolitan Library’s project schedules.
Title
To authorize the Director of Public Service to enter into Guaranteed Maximum Reimbursement Agreements with the Columbus Metropolitan Library for up to $500,000.00 to design and construct public infrastructure improvements in support of the 2020 Vision Plan; and to authorize the expenditure of $500,000.00 from the Streets and Highways G.O. Bond Fund; and to declare an emergency. ($500,000.00).
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