Explanation
The Carlyles Watch residential development project involves the construction of an eight-story building at the northeast corner of Third and Gay which will contain 56 residential units, ground floor retail space and an enclosed parking level within the building. Streetscape improvements include construction of sidewalks, curbs, street trees, street lighting and landscaped corner bump-out at the northeast corner of Third and Gay.
This legislation authorizes the Public Service Director to enter into a $200,000.00 Guaranteed Maximum Cost Agreement with Urban Loft Ventures I LLC for the construction of streetscape improvements on Third Street and Gay Street adjacent to the Carlyles Watch residential development project located at the northeast corner of Third and Gay Streets. These improvements will greatly enhance the appearance of the public pedestrian environment. More information is contained on the attached Detailed Project Description document. The Development Department has identified and negotiated this Agreement and the Public Service Department will enter into contract and administer the Agreement. The formal competitive bidding requirements of Chapter 329 of the City Code are being waived for the procurement of engineering and construction services pursuant to this Guaranteed Maximum Cost Agreement.
FISCAL IMPACT: Funding for this expense is budgeted and available within Transportation Division's 2005 Capital Improvements Budget in the 1995, 1999, 2004 Voted Streets and Highways Fund in the Downtown Streetscapes project.
Title
To authorize the Public Service Director to enter into a Guaranteed Maximum Cost Agreement pursuant to Section 186 of the Columbus City Charter with Urban Loft Ventures I LLC for the construction of downtown streetscape improvements at the northeast corner of Third Street and Gay Street for the Transportation Division; to waive the competitive bidding requirements of the City Codes; to authorize t...
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