Explanation
1. BACKGROUND:
This legislation authorizes the Director of Public Utilities to enter into a capital improvements agreement with MI Homes of Central Ohio, LLC, for the construction of the Big Walnut Sanitary Trunk, Central College Subtrunk Project.
MI Homes of Central Ohio, LLC, hereinafter referred to as the developer, has plans of constructing a residential development to be known as Upper Albany West that will be located on the northeast section of the City, along Central College Road between Ulry Road and Harlem Road, on approximately 142 acres of land that they own or control. The City has intentions of installing sanitary sewer service to an eventual tributary service area of approximately 1,233 acres, of which the subject development is a part. In order to avoid having the City disturb new and expensive land improvements, thereby incurring much higher construction costs, the developer has agreed to incorporate minor design changes and the construction of the subject capital improvements project into its development plans. The developer has further agreed to provide the construction plans and specifications and the permanent and temporary easements at no cost to the City. In exchange for this, the City shall agree to reimburse the developer for documented construction and related costs that are associated with the subject capital improvements project, up to a maximum of $1,499,182.70.
B. Bid Information: In accordance with Section 186 of the Columbus City Charter, this contract shall contain a guaranteed maximum cost and stipulate that the city shall pay within such maximum the cost of labor and materials to be paid to the developer. As a condition of the agreement the developer is required to comply with the competitive bidding procedures of Section 329 of the Columbus City Codes, "Procurement of Goods and Services:, and with the Prevailing Wage Requirements of Chapter 4115 of the Ohio Revised Code.
2. FISCAL IMPACT
A. Budg...
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