Explanation
1. BACKGROUND
This ordinance declares City Council's determination for the City to proceed with the construction of the streetscape improvements along the south side of Nationwide Boulevard between North Front Street and North High Street, the north and south sides of and in the median of Nationwide Boulevard between North High Street and North 4th Street, and parcels at the intersection of Nationwide Boulevard and North High Street north to the south edge of the railroad bridge in Downtown Columbus (known as the Roadway Improvements - Nationwide Boulevard Improvements project), a portion of which will be funded by levying special assessments on the Special Benefit District described in the Petition attached to Resolution No. 0077X-2014.
The special assessments will be collected over 10 years in an amount equaling $190,000.00 annually. Subsequent to the passage of this ordinance by City Council, the Director of Public Service will seek authorization to award the construction contract for construction of these improvements to the lowest, best, responsive, and responsible bidder and to provide for payment of construction inspection services.
The estimated costs for design, construction, and inspection of the improvements are $4,300,594.09.
The design cost for the improvements is estimated to be $354,508.71 and have been funded by City funds.
The construction cost for the improvements is estimated to be $3,587,350.35.
The inspection cost for the improvements is estimated to be $358,735.04.
The City anticipates paying for the construction and inspection of the improvements with funds from:
$206,815.53 remaining in a five-year funding allocation to the Downtown SID
$525,000 from 2014 Downtown SID allocation
$2,345,000 from Streets and Highways 2014 Capital Improvement Budget
$465,330.54 from 2014 3P Projects allocation
$403,939.32 from Columbus Coated Fabrics Weinland Park Phase 3A (a request will be made to reimburse this in 2015)
The notice to...
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