Explanation
BACKGROUND:
The City of Columbus owns the building and real property known as the Garfield School located at 825 Mt. Vernon Avenue; the Martin Luther King (MLK) Center is the lessee of the Garfield School. The City has determined that it is in the best interest to enter into an agreement with the MLK Center for the purposes of renovating and improving the school and surrounding grounds. In order to facilitate the renovation of the school, it is necessary for the City and the MLK Center to enter into this agreement for the purposes of setting forth the terms and conditions therein.
The Guaranteed Maximum Cost to be reimbursed by the City for the design and construction of improvements shall not exceed $600,000.00.
This ordinance allows the Director of Recreation and Parks to authorize payment of Recreation and Parks Voted Bond Fund for the renovation of Garfield School.
Principal Parties:
Martin Luther King Center
Community Arts Project, Inc.
Contract Compliance is #23-7065803
FISCAL IMPACT:
The expenditure of $600,000.00 is budgeted in the Recreation and Parks Voted Recreation and Parks Bond Fund.
Title
To authorize and direct the Director of Recreation and Parks to enter into a Guaranteed Maximum Reimbursement Agreement with Community Arts Project, Inc., doing business as the Martin Luther King Center hereinafter designated the "MLK Center", for the renovation of Garfield School and surrounding grounds; to authorize the transfer of $600,000.00 within the Recreation and Parks Voted Bond Fund; to authorize the expenditure of $600,000.00 from the Recreation and Parks Voted Bond Fund; and to declare an emergency. ($600,000.00),
Body
WHEREAS, it is necessary for the Department of Recreation and Parks to enter into a Guaranteed Maximum Cost Agreement with the MLK Center for the purpose of design and construction services for the renovation of Garfield School and surrounding grounds; and
WHEREAS, funds are bein...
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