Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to reimbursement Columbus Southern Power Company dba American Electric Power (AEP), AT&T, Columbia Gas and possibly other utilties for additional utility relocation work needed for the Economic & Community Development - Schottenstein Program project (a.k.a Parsons/Schottenstein Revitalization, Southern Gateway Utility Relocation project).
Ordinance 0759-2013 authorized $225,000.00 for utility relocation work for this project. This ordinance would make an additional $200,000.00 available. Total amount available for utility relocation for this project is $425,000.00.
Properties near the site of the former Schottenstein’s department store have been purchased by the City of Columbus over the past 6 years since the Parsons Avenue Vision Plan called for redevelopment of key properties along Parsons Avenue. Demolition of existing structures was completed in 2010. Currently, redevelopment plans are being formulated for the entire site bounded by Innis Avenue on the north, Barthman Street on the south, Washington Avenue on the west and Parsons Avenue on the east. The first structure to be built located in the southeast quadrant of the site is the Maloney Health Center, one of a network of Neighborhood Health Centers owned by the City of Columbus.
2. CONTRACT COMPLIANCE
Columbus Southern Power Company dba American Electric Power (AEP) contract compliance number is 314271000. The expiration date for their contract compliance is 7/11/14.
AT&T contract compliance number is 340436390. The expiration date for their contract compliance is 2/25/16.
Columbia Gas’ contract compliance number is 310673990. The expiration date for their contract compliance is 3/21/15.
3. FISCAL IMPACT
Funds in the amount of $200,000.00 are budgeted for this project in the Streets and Highways Bond Fund within the Department of Development. This ordinance is contingent on the deposit of bond sale proce...
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