Explanation
1. BACKGROUND
This legislation authorizes the Director of Public Service to enter into an agreement for the Division of Transportation for the operation and maintenance of the Short North Arches with the Short North Special Improvement District of Columbus, Inc., CC # 31-1586782.
The City of Columbus has been a partner with the Short North Special Improvement District of Columbus, Inc. in the design, fabrication and construction of the Short North Arches Project.
Under the terms of this agreement the Short North Special Improvement District of Columbus, Inc. shall pay the City on or before July 1 each year beginning in 2009 during the term of this agreement an annual operation and maintenance fee of $7,500.00, which shall be deposited in a City account for the express purpose of paying for City costs associated with the operation and maintenance of the Arches. The City will maintain the Arches lighting and non-lighting systems, evaluate and determine the extent of repairs necessary, and make the necessary repairs. The City will operate the Arches light shows according to the procedures established by the Department of Public Service.
This agreement shall be in effect until December 31, 2011, at which time the terms of the contract shall be renegotiated.
2. FISCAL IMPACT
Funds from this agreement will be deposited beginning in 2009 into Short North SID Fund and then transferred to the Street Construction Maintenance and Repair Fund.
Title
To authorize the Director of Public Service to enter into an agreement with the Short North Special Improvement District of Columbus, Inc. for the Short North Arches and to authorize the receipt of $7,500.00 per year toward the operation and maintenance of the Short North Arches; to authorize the appropriation of these funds within the Short North SID Fund when deposited; and to authorize the transfer and appropriation of these funds to the Street Construction Maintenance and Repair Fund. ($7...
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