Explanation
Background:
The Scioto Greenways Project involves the removal of the Main Street Dam and the restoration of the Scioto River, transforming the downtown Scioto Riverfront into a high quality, active, and green corridor for the benefit of the entire Columbus community. The project includes the construction of park improvements, utility improvements, and bridge improvements along both sides of the Scioto River between the confluence of the Scioto River and the Olentangy River to approximately 800 feet south of the current Main Street Dam.
Ordinance 1253-2012 previously authorized the City of Columbus to enter into an agreement with the Columbus Downtown Development Corporation (CDDC) that provides Recreation and Parks funding support in the amount of $14,000,000.00 for these improvements. The first of three payments in the amount of $4,000,000.00 was made in 2013 as previously authorized by ordinance 0431-2013. Additional payments in the amount of $5,000,000.00 each were originally planned for 2014 and 2015. Ordinance 2638-2013 authorized the City of Columbus to amend the original agreement, adding additional items to be included in the agreement in the amount of $1,304,346.00. The additional amount resulting from this modification is being split between the two remaining payments planned for 2014 and 2015. This legislation will authorize the expenditure of $5,822,000.00, the first of two remaining payments, in accordance with the existing contract "First Amendment to Scioto Greenways Project Primary Agreement" as previously approved by council action on 12/2/2013. The final payment is planned for 2015.
Fiscal Impact:
$5,724,000.00 in Recreation and Parks Bond Funds, $55,000.00 in the Streets and Highways Bond Fund, and $55,000.00 in Department of Technology Bond Funds towards the estimated $35,500,000.00 total project cost subject to future appropriations by Columbus City Council. Future legislation will appropriate bond funds in 2015.
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