Explanation
Background: The City of Columbus owns Genoa Park, located immediately east of COSI along with the building that COSI operates, located at 333 W. Broad St., Columbus, Ohio, 43215. The City has determined that it is in their best interest to enter into an agreement with the Franklin County Historical Society (dba COSI) for the purposes of renovating and improving the building and surrounding grounds. In order to facilitate the renovation of the building, it is necessary for the City and COSI to enter into this agreement for the purposes of setting forth the terms and conditions therein. The guaranteed maximum cost to be reimbursed by the City for the design and construction of improvements shall not exceed $300,000.00. This ordinance allows the Director of Recreation and Parks to authorize payment of Recreation and Parks Voted Bond Funds for the renovation of the COSI facility.
2015 improvements will include, but are not limited to, power control systems, exhibit lighting, security system upgrades, security cameras, carpet replacements, and flooring replacements.
Principal Parties:
Franklin County Historical Society (DBA COSI Columbus)
333 W. Broad St.
Columbus, OH 43215
Contract Compliance Number: 31-4383802 (Expires 08/07/2016)
Non-Profit Organization
Emergency Justification: Emergency action is requested in order to keep design and construction phases on schedule, keeping the impact to facility operations to a minimum.
Fiscal impact:
The expenditure of $300,000.00 is budgeted in the Recreation and Parks Voted Recreation and Parks Bond Fund to meet the financial obligations of this agreement.
Title
To authorize the Director of the Recreation and Parks Department to enter into a Guaranteed Maximum Reimbursement Agreement pursuant to Section 186 of the Columbus City Charter with the Franklin County Historical Society, dba COSI, for the renovation of the COSI facility and surrounding grounds; to authorize the expenditure of $300,000.0...
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