City of Columbus - File #: 1797-2005

• File #: 1797-2005
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/19/2005
• In control: Jobs and Economic Development Committee
• On agenda: 11/7/2005
• Final action: 11/9/2005
• Title: To authorize the City of Columbus to enter into a Memorandum of Understanding with NWD Investments, LLC pertaining to the construction of an $18 million, six-story, 130,000 square foot owner-occupied office building by NWD Investments in the Arena District; to enter into a Guaranteed Maximum Cost Agreement with NWD Investments, LLC pursuant to Section 186 of the City Charter for the construction of streetscape improvements on Marconi Boulevard and across the Norfolk & Southern railroad line where it intersects Marconi Boulevard in Downtown Columbus; to waive the formal competitive bidding requirements of Chapter 329 of the City Code; to authorize a transfer in the amount of $226,804 between projects in the 1995, 1999 Voted Streets and Highways Fund; and to authorize the expenditure of $400,000 from the 1995, 1999 Voted Streets and Highways Fund. ($400,000)

Date	Ver.	Action By	Action	Result
11/9/2005	1	CITY CLERK	Attest
11/8/2005	1	MAYOR	Signed
11/7/2005	1	Columbus City Council	Approved	Pass
11/7/2005	1	COUNCIL PRESIDENT	Signed
10/24/2005	1	ODI DIRECTOR	Reviewed and Approved
10/24/2005	1	Dev Drafter	Sent to Clerk's Office for Council
10/24/2005	1	Columbus City Council	Read for the First Time
10/21/2005	1	SERVICE DIRECTOR	Reviewed and Approved
10/21/2005	1	Dev Drafter	Sent for Approval
10/21/2005	1	Dev Reviewer	Sent for Approval
10/21/2005	1	Finance Reviewer	Reviewed and Approved
10/21/2005	1	CITY ATTORNEY	Reviewed and Approved
10/21/2005	1	FINANCE DIRECTOR	Reviewed and Approved
10/21/2005	1	Dev Reviewer	Sent for Approval
10/21/2005	1	Auditor Reviewer	Reviewed and Approved
10/21/2005	1	CITY AUDITOR	Reviewed and Approved
10/21/2005	1	Dev Reviewer	Sent for Approval
10/21/2005	1	EBOCO Reviewer	Reviewed and Approved
10/20/2005	1	Dev Drafter	Sent for Approval
10/19/2005	1	Dev Drafter	Sent for Approval
10/19/2005	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This legislation authorizes the City of Columbus and NWD Investments, LLC to enter into a Memorandum of Understanding as follows:
* NWD Investments, LLC shall construct an $18 million, six-story, 130,000 square foot owner-occupied office building in the Arena District;
* The City shall enter into a $400,000 Guaranteed Maximum Cost Agreement with NWD Investments, LLC for the construction of streetscape improvements on Marconi Boulevard and across the Norfolk & Southern railroad line where it intersects Marconi Boulevard in Downtown Columbus. Streetscape Improvements include the construction of a pedestrian-only crossing to cross the railroad line at Marconi Boulevard and the construction of a new access entrance to an existing underground sewer currently located in the Marconi Boulevard public right-of-way;
* The City shall apply for a "quiet-zone" designation at the Marconi Boulevard railroad crossing pursuant to 49 C.F. R. Section 229.39 and O.R.C. 4955.41 through 4955.47, as applicable;
* The Departments of Development and Public Service shall assist NWD Investments, LLC with the submission and processing of a request for the use of the Marconi Boulevard right-of-way for relocated directional signage for the existing parking garage located at 245 Marconi Boulevard.

FISCAL IMPACT: This expense is budgeted in the 1995, 1999 Voted Streets and Highways Fund, Fund 704, Downtown Streetscapes project.


Title

To authorize the City of Columbus to enter into a Memorandum of Understanding with NWD Investments, LLC pertaining to the construction of an $18 million, six-story, 130,000 square foot owner-occupied office building by NWD Investments in the Arena District; to enter into a Guaranteed Maximum Cost Agreement with NWD Investments, LLC pursuant to Section 186 of the City Charter for the construction of streetscape improvements on Marconi Boulevard and across the Norfolk & Southern railroad line where it intersects Marconi Bo...