Explanation
The City of Columbus has collaborated with the Short North Special Improvement District of Columbus, Incorporated, (District) to fund a portion of the design, fabrication and construction expense of the Short North Arch project. It has been determined that the recent contract modifications for the arch reconstruction as authorized by Ordinance 1188-2006 passed by City Council July 31, 2006 failed to incorporate architectural up lighting and color changeability to the District's satisfaction. The City previously and presently offered to include these options in the current design and construction if the District provided the appropriate funding. The District has now agreed to do so.
The City receives assessments generated within the District from Franklin County biannually. Sixty-two percent (62%) of the assessment money received by the City is returned to the District to pay its operating costs. Thirty-eight percent (38%) of the assessment received by the City is kept as repayment for the arch construction project.
This legislation allows the Public Service Director to memorialize its funding agreement with the District. This agreement will allow the District to use City funding sources previously earmarked to the District for streetscape and other items to be diverted to the Short North Arch project. This agreement also authorizes the City to advance $34,595.16 to the project. The repayment of the $34,595.16 will come from the sixty-two percent that is returned to the District. Prior to forwarding the District's allotment to the District the City will retain $5,000.00 in both 2007 and 2008 and $24,595.16 in 2009 as repayment of the $34,595.16.
This legislation modifies and increases the construction contract with Righter Company, Incorporated, for construction for the Short North Arches project in an amount up to $276,339.98 to install new color light-emitting diode (LED) lighting and architectural up lighting on the arches. The ...
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