Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement Agreement (GMRA) with PREMIER Design + Build Group, LLC. for the Intermodal Sanitary Subtrunk Extension Phase 2 project, CIP# 650491-100010, in an amount up to $2,560,356.00, pursuant to Section 186 of the Columbus City Charter.
The project will extend sanitary sewer service further into the Rickenbacker service area by constructing a new 24-inch sanitary subtrunk sewer from the terminus of the Intermodal Sanitary Subtrunk Extension (ISSE) Phase 1 easterly along Airbase/Wright Road and adjacent fields to the eastern service boundary near Walnut Creek.
Upon passage of this Ordinance, the City of Columbus will agree to pay a maximum reimbursement amount of up to $2,560,356.00 to PREMIER Design + Build Group, LLC for construction of the Intermodal Sanitary Subtrunk Extension Phase 2 project, CIP# 650491-100010. The developer has agreed to construct the improvements at their cost and then obtain reimbursement from the City. The guaranteed maximum reimbursement agreement provides that the developer will construct the public improvement on the City's behalf, the project is publicly bid and follows the City’s bid processes, the developer submits requests for reimbursement of construction costs related to the project, only pre-approved construction costs are reimbursed, and there is a limit to the dollar amount of costs that will be reimbursed.
TIMELINE: The construction contract is expected to be six (6) months to substantial completion and nine (9) months to final completion.
ESTIMATED COST OF PROJECT: The GMRA amount is $2,560,356.00 including a 20% construction contingency amount that will be utilized to fund needed and approved changes in the work. No contract modifications are anticipated at this time; however, construction demand might later compel modification of this contract if unforeseen difficulties are encounte...
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