Explanation
1. BACKGROUND
On August 29, 2008 the City entered into the Columbus Coated Fabrics Economic Development Agreement (EDA) with Wagenbrenner Development, Inc., authorized by ordinance 1456-2007, to address the redevelopment of the Columbus Coated Fabrics site with housing, green space and improved roadways. The City has committed to funding the design and construction of street and utility improvements up to $12.85 million. The cost of design is $1,060,000.00. The cost of roadway improvements, including utility upgrades and inspection, will be up to $11,790,000.
On July 17, 2009 the City entered into the Columbus Coated Fabrics Design Agreement with Wagenbrenner Development, Inc. for the design of public roadway and infrastructure improvements on and around the site, authorized by ordinance 0043-2009.
Ordinance 1565-2009, authorized the City to enter into the Guaranteed Maximum Reimbursement Agreement for Phase 1 improvements.
Ordinance 0615-2011 authorized the Director of Public Service to enter into a guaranteed maximum cost agreement with Wagenbrenner Development in the amount of $908,353.02 for the Phase 2A and 2B improvements and to provide for construction inspection and administration by City staff in the amount of $85,979.63.
This ordinance authorizes the Director of Public Service to enter into a guaranteed maximum cost agreement with Wagenbrenner and to expend $1,454,119.65 for phase 2C improvements and to provide for construction inspection and administration by City staff in the amount of $139,895.11.
Phase 2C includes the milling and overlay of 0.35 miles of Sixth Street from Fifth Avenue to Eighth Avenue. Full depth reconstruction will be performed to Sixth Avenue, Seventh Avenue, and Eighth Avenue from Sixth Street to Grant Avenue. The alleys between Fifth Avenue and Sixth Avenue will be milled and overlaid with asphalt. A new alley will be constructed from Sixth Avenue to Eighth Avenue. All streets will in...
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