Explanation
1. BACKGROUND: This ordinance authorizes the Director of the Department of Public Service to enter into a modified guaranteed maximum reimbursement agreement (GMRA) with Pizzuti Short North, LLC, for an amount up to $55,811.00 for electrical infrastructure inspection work required for the Pizzuti Short North Projects Utility Improvements. This ordinance is a companion piece to Ordinance 1164-2013.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for Pizzuti Short North, LLC is 46-1222280. The expiration date is 10/22/2014.
3. FISCAL IMPACTS
The Department of Development will contribute up to $55,811.00 for the electrical infrastructure inspection work as part of this GMRA. The companion ordinance, Ord 1164-2013 amends the 2013 Capital Improvements Budget and transfers the required funds from the Streets and Highway G.O. Bonds Fund, Fund 704 for this project.
4. EMERGENCY DESIGNATION
The Department of Public Service is requesting this ordinance to be considered an emergency as part of the overall construction and inspection work required for this project.
Title
To authorize the Director of the Department of Public Service to enter into a modified guaranteed maximum reimbursement agreement (GMRA) with Pizzuti Short North, LLC; to authorize the expenditure of up to $55,811.00 from the Streets and Highway G.O. Bonds Fund; and to declare an emergency. ($55,811.00)
Body
WHEREAS, it is necessary to authorize the Director of the Department of Public Service to enter into a modified guaranteed maximum reimbursement agreement (GMRA) with Pizzuti Short North, LLC, in an amount up to $55,811.00 for the electrical infrastructure inspection work; and
WHEREAS, the initial funding for this project was for $225,000.00 and authorized by Ordinance No. 0866-2013, as passed April 29, 2013 for the Pizzuti Short North Projects Utility Improvements; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Se...
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