Explanation
Background: This legislation authorizes the Public Service Director to enter into a $12,000.00 Guaranteed Maximum Cost Agreement with Nationwide Realty Investors for streetscape improvements on the North Front Street bridge between Vine Street and Nationwide Boulevard. The streetscape improvements include the removal of an existing chain-link fence from the concrete parapet wall on the east side of the bridge and the installation of a decorative metal fence in its place. These improvements will greatly enhance the appearance of the pedestrian environment and will match the decorative metal fencing on the west side of the bridge installed by Nationwide Realty Investors as part of the Arena Crossing residential development. The Development Department has identified and negotiated this Agreement and the Public Service Department will enter into contract and administer the Agreement. More detailed descriptions are contained on the attached documents. The formal competitive bidding requirements of Chapter 329 of the City Code are being waived for the procurement of engineering and construction services pursuant to this Guaranteed Maximum Cost Agreement.
FISCAL IMPACT: The Transportation Division originally budgeted $1.8 million in the 2004 Capital Improvements Budget (CIB) for Downtown Streetscape projects. Approximately $1.16 million of these funds from the 2004 bond sale have been either encumbered or expended since July 2004. This ordinance authorizes an expenditure of $12,000.00.
Title
To authorize the Public Service Director to enter into a Guaranteed Maximum Cost Agreement with Nationwide Realty Investors for downtown streetscape improvements on the North Front Street bridge between Vine Street and Nationwide Boulevard for the Transportation Division; to waive the competitive bidding requirements of the Columbus City Code, 1959, and to authorize the expenditure of $12,000.00 from the 1995, 1999 Voted Streets and Highways Fun...
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