Explanation
Background: This ordinance authorizes the transfer of an amount not to exceed $500,000 from Fund 704 Voted 1995-1999 Streets and Highways Fund to Fund 735 Northland and Other Acquisitions Fund to pay for the construction of roadways around the old Northland Mall Lazarus site in the western half of the NorthlandPARK redevelopment site. This is companion legislation to legislation authorizing the Director of Development to enter into a Guaranteed Maximum Cost contract for $1,300,000 with Columbus Urban Growth Corporation (CUGC) for the construction of the roadways.
Fiscal Impact: $500,000
Emergency Justification: Emergency action is requested in order to undertake the construction of roadways to coordinate with the construction of the principal corporate offices of Retail Ventures, Inc.
Title
To authorize the City Auditor to transfer an amount not to exceed $500,000 from Fund 704 Voted 1995-1999 Streets and Highways Fund to Fund 735 Northland and Other Acquisitions Fund for the purpose of constructing roadways on the western half of the NorthlandPARK redevelopment site and to declare an emergency. ($500,000)
Body
WHEREAS, the City is under contract to sell and transfer 10.877 acres of the former Lazarus Department Store site at the former Northland Mall to Northland Associates LLC.
WHEREAS, Ordinance 2484-2003 authorized the Director of Development to enter into a Guaranteed Maximum Cost contract with Columbus Urban Growth Corporation to demolish structures at the old Northland Mall site to make way for new development known as NorthlandPARK; and
WHEREAS, structure renovation for the corporate offices of the first tenant, Retail Ventures, Inc., will begin once the site is cleared through demolition; and
WHEREAS, there is a need to construct roadways that provide access to the Retail Ventures, Inc. site and other future planned redevelopment of the old Northland Mall site; and
WHEREAS, the City Auditor must...
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