Explanation
1. BACKGROUND:
This legislation authorizes the Director of Public Utilities to enter into a cost sharing agreement with Smith and High, LLC , in connection with their redevelopment of 1260 North High Street.
Smith and High LLC, is in the process of renovating the building at 1260 North High in the Short North District, and will include an expansion to the building that will include new retail and residential space. The Division has an older, existing sewer on this parcel that doesn't have an easement associated with it. In order to accommodate this private redevelopment project, while protecting this infrastructure, this cost sharing agreement will allow the Division to rehabilitate the sewer through this parcel. In return the developer, has agreed to compensate the City for the cost of rehabilitation under their expansion, and further agrees to grant the city a subsurface easement for the sewer at no cost.
2. FISCAL IMPACT:
The sewer line to be rehabilitated under terms of this agreement will be performed under the Division of Sewerage and Drainage's Annual Sewer Rehabilitation Contract. The portion of the work that is benefiting the Developer will be paid by the Developer to the City at the conclusion of the work, in accordance with the terms and conditions of the aforementioned Cost Sharing Agreement.
3. EMERGENCY DESIGNATION:
The Division of Sewerage and Drainage is requesting this ordinance be made an emergency measure in order to facilitate the immediate rehabilitation of a sewer located in the Short North District of the City, that is of an unknown age, and has exceeded its useful service life. It is further necessary to rehabilitate this sewer in order to facilitate the redevelopment schedule of this private development initiative.
4. CONTRACT COMPLAINCE INFORMATION:
CCN: 208636107/001 for Smith and High, LLC Expiration: 11/28/2009
Title
To authorize the Director of Public Utilities to enter into a sanitary ...
Click here for full text