Explanation
1. BACKGROUND:
This legislation authorizes the Director of Public Utilities to enter into a capital improvements agreement with Royal Tallow Holdings, Ltd., for the construction of the Franklin-Main Interceptor Rehabilitation, Section 7 Project.
Royal Tallow Holdings, Ltd., hereinafter referred to as the developer, has plans of constructing a single family and multi-family residential development to be known as Harrison Park that is located along the east bank of the Olentangy River, just south of Second Avenue, on land that they own or control. The City has intentions of rehabilitating approximately 1222 feet of a 36-inch diameter section of the Franklin-Main Interceptor Sewer between First and Second Avenue. However, the City's design and construction schedule are not fast enough for the proposed construction schedule of the developer's inner-city redevelopment. In order to avoid delaying the subject development and to avoid having the City disturb new and expensive land improvements, thereby incurring much higher construction costs, the developer has agreed to incorporate minor design changes and the construction of the subject capital improvements project into its development plans. The developer has further agreed to provide the construction plans and specifications; permanent easements for the Franklin-Main Interceptor, Section 7 Project; at no further cost to the City. In exchange for this, the City shall agree to reimburse the developer for documented construction and related costs that are associated with the subject capital improvements project, up to a maximum of $852,236.81.
2. BID INFORMATION:
In accordance with Section 186 of the Columbus City Charter, this contract shall contain a guaranteed maximum cost and stipulate that the city shall pay within such maximum the cost of labor and materials to be paid to the developer. As a condition of the agreement the developer is required to comply with the competitive bidding proc...
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