Explanation
1. BACKGROUND
This ordinance seeks authorization for the Director of Public Service to amend a Construction Guaranteed Maximum Reimbursement Agreement with Daimler Group, Inc. relative to the Downtown Streetscape - High Street - Rich Street to Main Street project and to encumber additional funds for the city to perform construction administration and inspection services pursuant to that effort.
The City of Columbus and Daimler Group, Inc. (the developer) are currently engaged in a Public-Private Partnership (3P) to make streetscape improvements along the east side of South High Street, north side of Main Street and south side of Rich Street in support of the 250 South High project in the River South District of downtown Columbus.
Ordinance No. 0657-2015 authorized the Director of Public Service to enter into a Construction Guaranteed Maximum Reimbursement Agreement with Daimler Group, Inc. and to encumber funds for the city to perform construction administration and inspection services in an amount totaling $570,000.00 for the Downtown Streetscape - High Street - Rich Street to Main Street project.
In April 2015, the city accepted bids for the project on behalf of Daimler Group, Inc. At that time, the lowest, responsive, responsible, and best bid substantially exceeded the engineer’s estimate of construction costs. The Department of Development has committed up to $200,000.00 to pay the increased construction cost and the increased cost for the city to perform construction administration and inspection services.
This ordinance authorizes the Department of Public Service to amend the total dollar amount of the Construction Guaranteed Maximum Reimbursement Agreement with Daimler Group, Inc. and to encumber additional funds for the City to perform construction administration and inspection services, for a total expenditure of $770,000.00 to facilitate the completion of the Downtown Streetscape - High Street - Rich Street to Main Street project. ...
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