Explanation
1. BACKGROUND
This legislation authorizes the Director of Public Service to modify a Design Guaranteed Maximum Reimbursement Agreement (DGMRA) with Pizzuti Short North, LLC relative to the Economic and Community Development - Pizzuti Short North Projects.
The City of Columbus has undertaken efforts to improve Pearl and Eden alleys and to renovate and expand the existing public parking lot, all of which are situated south of Russell Street and east of High Street behind Le Méridien Columbus hotel. Construction of the project is underway and will be complete in July 2018. Pursuant to Ordinance 0866-2013, the City entered into a Design Guaranteed Maximum Reimbursement Agreement with Pizzuti Short North, LLC to secure and oversee the design of those projects. It since has become apparent that the cost of those services will be higher than originally estimated. Ordinance 1179-2013 authorized the Director of Public Service to modify the original reimbursement agreement to provide for electrical infrastructure inspection services required for the Pizzuti Short North Projects.
This legislation authorizes the Department of Public Service to modify the existing DGMRA and to encumber and expend an additional $95,000.00 to reimburse Pizzuti Short North, LLC to fund additional design services and utility and construction coordination necessary to complete the project.
Original DGMRA: $225,000.00 (Ordinance 0866-2013, EL014338)
Modification 1: $55,811.00 (Ordinance 1179-2013, EL016358)
This modification: $95,000.00
Total reimbursement amount, including all modifications: $375,811.00
2. CONTRACT COMPLIANCE
Pizzuti Short North, LLC currently does not have a valid contract compliance number with the City and will be required to become contract compliant prior to executing the aforementioned modification.
3. FISCAL IMPACT
Funding in the amount of $95,000 is available in Streets and Highways Bond Fund. An amendment to the 2017 Capital...
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