Explanation
1. BACKGROUND
On January 18, 2013, the City entered into the Pizzuti Short North Economic Development Agreement (EDA) with Pizzuti Short North, LLC under the authorization of Ordinance No. 0587-2012, passed by its Council on March 21, 2012, through which the City agreed to contribute up to $ 2,152,233.72 for eligible public improvements required for the project, which include, but are not limited to, the design, permitting, construction and reconstruction of Millay Alley and the design, permitting, and construction of power, water, sanitary, and storm sewers upgrades and/or relocations.
This ordinance authorizes the Director of the Department of Public Service to enter into a design guaranteed maximum reimbursement agreement with Pizzuti Short North, LLC, for an amount up to $225,000.00 for the design of public infrastructure improvements for Economic and Community Development - Pizzuti Short North Projects.
The scope of public infrastructure improvements for Economic and Community Development - Pizzuti Short North Projects includes, but is not limited to, the installation of new brick pavement in Millay Alley; minor pavement markings and signal changes at the High Street and Russell Street intersection; sidewalk and landscape replacement along North High Street on both sides of the two-block area; mill and overlay of Russell Street; sidewalk replacement on the south side of Russell Street between Park Street and the vacated Wall Street; sidewalk replacement along the east side of Park Street between Millay Alley and Russell Street; and construction of metered parking stalls on Eden Alley.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for Pizzuti Short North, LLC is 46-1222280. The expiration date is 10/22/2014.
3. FISCAL IMPACTS
The Department of Development will contribute up to $225,000.00 for this design guaranteed maximum reimbursement agreement. This expense is budgeted within the Northland and Other Acquisitions Fund ...
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