Explanation
BACKGROUND:
This ordinance will authorize the Director of Recreation and Parks to enter into a Guaranteed Maximum contract with Columbus Downtown Development Corporation for the administration of the Scioto Mile Development Project known as the Scioto Mile in the amount of $5,000,000.00.
It has been determined that it will be beneficial to have the Columbus Downtown Development Corporation, 20 East Broad Street, Suite 100, Columbus, Ohio, 43215, perform the administration of this project as it will allow for better coordination with other significant downtown projects including the Main and Town Street Bridges and the River South Project.
Voted Bond funding will be used to develop parkland in the downtown riverfront area from Battelle Park to Bicentennial Park. Work will include planning, engineering, design, construction, and related services to continue developing the riverfront.
The Contract Compliance Number for Columbus Downtown Development Corporation is #76-0704655.
Emergency action is necessary to allow Columbus Downtown Development Corporation to begin work as soon as possible as plans for the park are moving forward.
FISCAL IMPACT:
The expenditure of $5,000,000.00 is budgeted in the Recreation and Parks Voted 1999/2004 Bond Fund.
"contingent on bond sale fund proceeds"
Title
To authorize and direct the Director of Recreation and Parks to enter into a guaranteed maximum price agreement under section 186 of the Columbus City Charter with Columbus Downtown Development Corporation for the administration of the Scioto Mile Development Project from Battelle Park to Bicentennial Park ; to waive the competitive bidding provisions of Chapter 329 of the Columbus City Codes; to authorize the expenditure of $5,000,000.00 from the Recreation and Parks Voted 1999/2004 Bond Fund, and to declare an emergency. ($5,000,000.00)
Body
WHEREAS, it is necessary to enter into a guranteed maximum contract with the Columb...
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