Explanation
1. BACKGROUND
This legislation authorizes the Director of Public Service to enter into a Design Guaranteed Maximum Reimbursement Agreement (DGMRA) with DEL Partners, LLC (the “Development Team”) concerning the redevelopment of the former McNabb Funeral Home site located on the north side of East Long Street between Garfield Avenue and Monroe Avenue in the King Lincoln District on the Near East Side.
Undertaken in cooperation and partnership with the City of Columbus and Columbus Next Generation Corporation, this development project will result in a mixed-use development on the site that includes the construction of 130 residential units and up to 10,000 square feet of ground floor commercial space (the “Project”). The private investment in the Project will be approximately twenty million dollars ($20,000,000.00).
Design and construction of public infrastructure improvements through and around the site will occur in conjunction with the development of the Project. Improvements will be constructed on East Long Street (from Garfield Avenue to Monroe Avenue), Garfield Avenue (from Long Street to Mayme Moore Place), and Monroe Avenue (from Long Street to Spring Street). Talmadge Street has been vacated from Long Street to the first alley north of Long Street and will be reconstructed from the first alley north of Long Street to approximately 150’ north. An unnamed east-west alley north of Long Street will be reconstructed from Garfield Avenue to Talmadge Street. Streetscapes will include new pavement, new curbs to replace existing curbs (sandstone curbs will be refurbished where needed), six-foot wide sidewalks, pedestrian lighting, litter receptacles, street trees and necessary utility relocation work. Utility improvements will be constructed on Talmadge Street (from Long Street to approximately 115’ north of the first east/west alley north of Long Street) and the first east/west alley north of Long Street (from Garfield to Talmadge).
Ordinance 1486...
Click here for full text