Explanation
Background: Ordinance 1965-2006 authorized the Directors of Public Service and Public Utilities to enter into a reimbursement agreement with Nationwide Realty Investors, CC#311486309 expiring 4/5/09, and authorize the expenditure of the sum of $1,364,804.00 for the design and construction of a portion of the capital improvements which are necessary and incident to the construction of Huntington Park, the new home of the Columbus Clippers Baseball team. The completion of its construction at the northwest corner of Neil Avenue and West Nationwide Boulevard in the Arena District is planned such that the stadium is available for use at the beginning of the 2009 baseball season.
Several public infrastructure improvements will be needed in order to accommodate this new facility. These include street, pedestrian, traffic signal and drainage improvements. While the previous ordinance authorized the appropriation and expenditure of $1,364,804.00 toward the construction of these improvements, this ordinance appropriates and authorizes the remaining monies outlined within the Memorandum of Understanding (MOU). The MOU indicates the City of Columbus will contribute up to a maximum sum of $11,439,656.00 coming from the Departments of Public Service and Public Utilities. Of this total amount $9,300,000.00 represents the City's commitment for infrastructure needs directly attributable to the Stadium, the balance, $2,139,656.00, is attributed to City projects - sanitary, storm and water line work - that were planned but are to be accelerated since this is a logical and cost efficient time to construct them. This ordinance authorizes the remaining funds for this maximum cost agreement and construction inspection costs up to $10,074,852.00.
Fiscal Impact: $1,364,804.00 has been legislated for this project already for design engineering, a traffic study, acquisition of right of way, construction management, and a contract performance bond. This ordinance author...
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