Explanation
This ordinance authorizes the Directors of Public Service and Public Utilities to enter into a reimbursement agreement with Nationwide Realty Investors, and the expenditure of the sum of $1,364,804.00 for the design and construction of a portion of the capital improvements which are necessary and incident to the construction of Huntington Park, the new home of the Columbus Clippers Baseball team. The completion of its construction at the northwest corner of Neil Avenue and West Nationwide Boulevard in the Arena District is planned such that the stadium is available for use at the beginning of the 2009 baseball season.
Several public infrastructure improvements will be needed in this vicinity in order to accommodate this facility. These include street, pedestrian, traffic signal and drainage improvements. While this ordinance authorizes the appropriation and expenditure of $1,364,804.00 toward the construction of these improvements, subject to future ordinances of City Council authorizing additional expenditures and certification by the City Auditor of the availability of additional funds it is anticipated that the City of Columbus will contribute up to a maximum sum of $11,439,656.00 for this purpose coming from the Departments of Public Service and Public Utilities. Of this total amount $9,300,000.00 represents the City's commitment for infrastructure needs directly attributable to the Stadium, the balance, $2,139,656, is attributed to City projects - sanitary, storm and water line work - that were planned but is to be accelerated since this is a logical and cost efficient time to construct them.
A guaranteed maximum cost reimbursement agreement with Nationwide Realty Investors, Ltd., provides that they construct the public improvements on the City's behalf that are publicly bid and subject to reimbursement agreements with the City. This ordinance also waives formal competitive bidding requirements of the City Code with respect to entering...
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