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 The Annex at River South II, Ltd., for up to $63,402.39 to design the Downtown Streetscape -High Street-Rich to Main (Trautman Building) project.
The Annex at River South II, Ltd. is redeveloping the former Trautman Building and HUB Building properties on South High Street for a $21 million mixed-use project in the River South area of Downtown Columbus, which will include 106 apartment units, 7,800 square feet of ground floor retail, and .5 acres of green space.
In support of the continued redevelopment of downtown, the City of Columbus and The Annex at River South II, Ltd. are engaged in a Public-Private Partnership (3P) to design streetscape improvements along South High Street, West Rich Street, and South Wall Street immediately adjacent to The Annex at River South II project.
The scope of public improvements for the Downtown Streetscape -High Street-Rich to Main (Trautman Building) project include streetscape improvements along South High Street between West Rich Street and approximately 170' north of the West Rich Street centerline, South Wall Street from West Rich Street to approximately 165' north of the West Rich Street centerline, and West Rich Street between South Wall Street and South High Street. The sidewalk along High Street will be improved with the addition of brick paver walk and the south and west sides of the property along Rich Street and Wall Street will remove and replace existing walks as needed and modify existing access points.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for The Annex at River South II, Ltd. is 31-1691172. The expiration date is 1/7/16.
3. FISCAL IMPACTS
Funds in the amount of $63,402.39 are available for this project in the Streets and Highways G.O. Bond Fund within the Department of Development. An amend...
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