Explanation
This ordinance authorizes the Public Service Director to enter into a guaranteed maximum reimbursement contract with Jeffrey Place Development LLC for the construction of roadways within the Jeffrey Place development site. Jeffrey Place Development LLC has finalized plans for this traditional neighborhood development to include over 850 residential units, a neighborhood school and hotel, retail space and over 300,000 square feet of office space. Ordinance 1419-2001, passed by City Council on July 30, 2001, authorized the expenditure of a $500,000.00 Roadwork Development Grant from the Ohio Department of Development for infrastructure improvements on the site. Ordinance 1608-2002, passed by City Council on October 28, 2002, created a tax increment financing (TIF) district as a resource to help pay for over $15 million in required infrastructure to develop this project. Ordinance No. 1915-2002, passed by City Council on December 9, 2002, authorized an agreement with Jeffrey Place Development LLC for administration of a $3 million Clean Ohio program grant for brown field remediation on the site.
Roadwork construction is set to begin at this site in February 2004.
This reimbursement is funded by a $500,000.00 Ohio Department of Development Roadwork Development Grant. Companion legislation (Ordinance 0377-2004) authorizes a $500,000.00 appropriation for this purpose within the Public Service Department.
Emergency action is requested in order to undertake the construction of roadways prior to the start of housing and commercial structures and to utilize the Roadwork Development Grant prior to its expiration in December 2004.
Title
To authorize the Public Service Director to enter into a guaranteed maximum reimbursement contract for $500,000.00 with Jeffrey Place Development LLC for purposes of road work construction at Jeffrey Place in accordance with Section 186 of the City Charter; to authorize the City Auditor to directly pay the...
Click here for full text