Explanation
1. BACKGROUND
The Departments of Public Service and Public Utilities are currently in the process of constructing the River South Phase 1 project. Pursuant to section 3 of an MOU dated May 30, 2008 between the City of Columbus and Lifestyle Communities, the City of Columbus has determined it to be in the City's best interest to enter into contract with Lifestyle Communities for purposes of constructing improvements to the public rights of way surrounding the Developer's Annex at River South Development designated as River South Phase 1 Part 2 project.
This ordinance authorizes the Director of Public Service to enter into a maximum cost reimbursement agreement with Lifestyle Communities, and the expenditure of up to $605,415.14 for the estimated cost of construction, inspection, and performance and payment bond cost of capital improvements in the River South area. These improvements include, but are not limited to concrete walks, curb ramps, detectable warning surface, brick pavers, and landscaping on Wall Street, Ludlow Street, Rich Street, and Front Street and electrical conduit and a manhole on Walnut Street.
A guaranteed maximum cost reimbursement agreement with Lifestyle Communities, requires them to construct the public improvements on the City's behalf based on bid prices established within the competitively procured contract for the River South Phase 1 project and subject to the reimbursement agreement with the City. This ordinance also waives formal competitive bidding requirements of the City Code with respect to entering this agreement and the construction of public infrastructure improvements.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for Lifestyle Communities is 311468514 and expires April 10, 2011.
3. FISCAL IMPACT: The maximum amount of the reimbursement provided within the guaranteed maximum cost agreement authorized to be expended by this ordinance is $605,415.14. The Division of Design a...
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