Explanation
1. BACKGROUND
On August 29, 2008, the City entered into the Columbus Coated Fabrics Economic Development Agreement (EDA) with Wagenbrenner Development, Inc. under the authorization of Ordinance No. 1456-2007, passed by its Council on March 19, 2008, through which the City agreed to fund up to $12.85 million for the design and construction of improved public roadways and utilities in and around the former Columbus Coated Fabrics site.
This ordinance authorizes the Director of the Department of Public Service to enter into a design guaranteed maximum reimbursement agreement with Wagenbrenner Development, Inc., for an amount up to $225,000.00 for the design of public infrastructure improvements for Miscellaneous Economic Development - Weinland Park (Columbus Coated Fabrics) Phase 3A.
The scope of public infrastructure improvements for Miscellaneous Economic Development - Weinland Park (Columbus Coated Fabrics) Phase 3A includes, but is not limited to, resurfacing and restriping 5th Avenue between 4th Street and the CSX railroad line east of Grant Avenue for replacement of the four-lane section (two thru lanes in each direction) of the roadway with a three-lane section (one thru lane in each direction and a center two-way turn lane). Sidewalk and curb will be replaced and new street lighting and on-street bike facilities will be installed. Curb lines will be shifted to reduce the pavement width and increase sidewalk width where the new lane configuration requires less than the existing pavement width.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for Wagenbrenner Development, Inc. is 26-3039980. The expiration date is 1/18/2015.
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 Misc Econ Dev Cols Coated project 440104-100002 and is available within the Streets and Highways G.O. Bonds Fund 704.
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