Explanation
Background: This ordinance is contingent on the passage of Ordinance No. 2482-2003, authorizing the deposit of the proceeds from the sale of the former Lazarus Department Store site at Northland Mall into Fund No. 735 and Ordinance No. 2486-2003, authorizing the transfer of up to $500,000 from Fund No. 704 to Fund No. 735. The redevelopment of the NorthlandPARK site will begin with the demolition of several existing structures and the renovation of the former Lazarus store for Retail Ventures, Inc.'s corporate offices. There is a need to construct roadways that provide access to these corporate offices as well as future planned development of the old Northland Mall site. The purpose of this ordinance is to authorize the Director of the Department of Development to enter into a $1,300,000 Guaranteed Maximum Cost contract with Columbus Urban Growth Corporation (CUGC) for the construction of such roadways.
Fiscal Impact: $1,300,000 of capital dollars to be expended from Northland and Other Acquisitions Fund, Fund No. 735.
Emergency Justification: Emergency action is requested in order to undertake the construction of roadways simultaneous to structure renovation for the principal corporate offices of Retail Ventures, Inc.
Title
To authorize the Director of Development to enter into a $1,300,000 Guaranteed Maximum Cost contract with Columbus Urban Growth Corporation for the purpose of constructing roadways on the western half of the NorthlandPARK redevelopment site; to authorize the expenditure of $1,300,000 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($1,300,000)
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; and
WHEREAS, Ordinance No. 2484-2003 authorized the Director of Development to enter into a Guaranteed Maximum Cost contract with Columbus Urban Gro...
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