Explanation
1. BACKGROUND
This ordinance seeks authorization for the Director of the Department of Public Service to enter into a Design Guaranteed Maximum Reimbursement Agreement with Central Ohio Housing Development Organization (COHDO) for up to $336,354.99 to design Phases 2 and 3 public roadway improvements within the American Addition neighborhood for the American Addition Infrastructure (Phases 2 and 3) project.
The City of Columbus and the Central Ohio Housing Development Organization (COHDO) are engaged in a Public-Private Partnership (3P) to redevelop the American Addition neighborhood. The American Addition is located in the northeast quadrant of Columbus and is contained within the boundaries of Joyce Avenue to the west, Petrel Alley to the east, the alley north of 12th Avenue to the north and Dewey and Dolphin Alleys to the south.
On November 3, 2011, the City and COHDO entered into an Economic Development Agreement (EDA) under the authorization of Ordinance No. 1200-2011, passed by its Council on July 25, 2011, through which the City agreed to participate in building and maintaining public infrastructure improvements up to a maximum amount of $10 million and COHDO agreed to cause the redevelopment of all or a portion of the American Addition.
American Addition public infrastructure improvements will be completed in 4 phases. Phase 1 is anticipated to complete design in July 2013 for construction to start this fall. Phases 2 and 3 have been combined and are ready to begin design. Phase 4 public improvements will move forward based on the market’s absorption of the new housing.
Upon completion, the redevelopment of the American Addition will include construction of up to 120 new homes, renovation of existing homes and the construction of improvements to public rights-of-way that will provide more adequate storm water dispersal, street lights, provide fire protection and offer multiple mobility options for the neighborhood.
The scope of publi...
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