Explanation
Background: This legislation authorizes the Public Service Director to enter into a $17,400.00 Guaranteed Maximum Cost Agreement with Nationwide Realty Investors, Ltd., CC#: 311486309, expiring 4/5/09, for the relocation of an existing traffic signal next to the North Bank Park Condominium Tower at the northwest corner of Neil Avenue and Spring Street for the Transportation Division. The private development project associated with this work within the public right-of-way involves the construction of a $50 million, 20-story, 109-unit residential tower at 300 W. Spring Street. Public streetscape improvements include the relocation of the westbound traffic signal at the Neil Avenue and Spring Street intersection. The traffic signal is in close proximity to the face of the North Bank Park Condominium Tower being constructed on the northwest corner of this intersection. The traffic signal will be moved from the north side to the south side of Spring Street in order to clear pedestrian access at the northwest corner of Neil Avenue and Spring Street and to position the traffic signal mast arm clear of the face of the building.
More information is contained on the attached Detailed Project Description document. The Development Department has identified and negotiated this Agreement and the Public Service Department will enter into contract and administer the Agreement. 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: This expense is budgeted in the 1995, 1999, 2004 Voted Streets and Highways Fund, Fund 704, Downtown Streetscape project.
Title
To authorize the Public Service Director to enter into a $17,400.00 Guaranteed Maximum Cost Agreement with the Nationwide Realty Investors, Ltd. pursuant to Section 186 of the Columbus City Charter for the relocation of an e...
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