Explanation
1. BACKGROUND
This ordinance authorizes the Director of the Department of Public Service to enter into a Construction Guaranteed Maximum Reimbursement Agreement with Gay Street Condominium, LLC for storm sewer and landscaping work related to the Downtown Streetscape - Gay Street (Normandy to 6th) project.
The City of Columbus and Gay Street Condominium, LLC are engaged in a Public-Private Partnership (3P) to make streetscape improvements along Gay Street from Normandy Avenue to 6th Street in support of the second phase of the Bishop’s Walk condominium project in Downtown Columbus.
Ordinance No. 1225-2015, as passed by City Council on May 18, 2015, authorized the Director of Public Service to enter into a contract with Columbus Asphalt Paving in the amount of $317,923.19 for associated construction costs and to provide for the payment of construction administration and inspection costs in the amount of $47,688.48.
Gay Street Condominium, LLC is undertaking storm sewer and landscaping improvements within the limits of the aforementioned project that will be more closely coordinated with other private improvements it has commissioned. The city has agreed to reimburse Gay Street Condominium, LLC up to $70,000.00 to offset the projected cost of the aforementioned storm sewer and landscaping improvements.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for Gay Street Condominium, LLC is 20-4285575. The expiration date is 9/15/17.
3. FISCAL IMPACT
Funds in the amount of $70,000.00 are available for this project in the Streets and Highways Bond Fund within the Department of Public Service. An amendment to the 2015 Capital Improvements fund is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditure.
4. EMERGENCY DESIGNATION
The Department of Public Service is requesting City Council consider this ordinance as an emergency measure in order to encumber funds to pay for con...
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