Explanation
BACKGROUND:
This Ordinance is one of a series of ordinances specifically, Ordinances No. 0628-2007, passed by Council on May 9, 2007, No. 1167-2007, passed July 25, 2007, and No. 1277-2007, passed August 2, 2007, all of which generally advance the development by the City of two parking garages to be located in Downtown Columbus, one in the area of Front and Rich Streets and the other in the area of 4th and Elm Streets.
This Ordinance provides for the development, design and construction of a parking garage at Front and Rich Streets for the City by Capitol South Community Urban Redevelopment Corporation and for the donation to the City by Columbus Downtown Development Corporation of the required development site. Because this contract is being entered into under Section 186 of the Charter, competitive bidding is not required and therefore it is necessary to waive the competitive bidding procedures of Chapter 329. Capital South is uniquely positioned to serve as the design/builder of this project due to its familiarity with the project and other redevelopment activities in the Downtown area and is prepared to serve without compensation, other than the reimbursement to Capitol South of the actual costs of development, design and construction, free from any profit or mark-up.
FISCAL IMPACT:
The funding for the contract with Capitol South will come from Parking Garages Enterprise Fund. A companion ordinance, Ordinance No. 0109-2008 authorizes a temporary transfer from the Special Income Tax Fund to the Parking Garages Enterprise Fund in order to provide funding for this Ordinance. The transfer from the Special Income Tax Fund is a temporary measure until the next bond/note sale occurs, at which time that fund will be reimbursed.
Title
To authorize a Guaranteed Maximum Price Contract under Section 186 of the Columbus City Charter between Capitol South Community Urban Redevelopment Corporation and the City for the development, d...
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