Explanation
BACKGROUND: This ordinance seeks authorization for the Director of the Department of Development to enter into a Construction Guaranteed Maximum Reimbursement Agreement with PEDC Property Management, Inc. and Midwest Motor Supply Co., dba Kimball Midwest, for up to $167,219.00 for right-of-way improvements along Walcutt and Roberts Roads adjacent to 4800 Roberts Road.
The City of Columbus, PEDC Property Management, Inc. and Midwest Motor Supply Co., dba Kimball Midwest are engaged in a Public-Private Partnership (3P) for right-of-way improvements along Walcutt and Roberts Roads adjacent to 4800 Roberts Road in support of the Kimball Midwest expansion project on the west side of Columbus.
The scope of public improvements for the project include, but are not limited to, the installation of a box culvert, a concrete drive approach for a new road curb cut and sidewalk along Walcutt Road. The project also includes widening the existing right-in curb cut on Roberts Road and landscaping.
The Department of Development is requesting this ordinance to be considered an emergency measure in order to allow the Director of the Department of Development to immediately execute a Construction Guaranteed Maximum Reimbursement Agreement, which is necessary to complete the project to maintain the project schedule and meet community commitments.
The contract compliance number for PEDC Property Management, Inc. and Midwest Motor Supply Co., dba Kimball Midwest is 31124988. The expiration date is 05/21/2017.
FISCAL IMPACT: Funds in the amount of $167,219.00 are available for this project in the Streets and Highways Bond Fund within the Department of Development. An amendment to the 2015 Capital Improvements fund is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditure.
Title
To amend the 2015 Capital Improvement Budget; to authorize the City Auditor to transfer cash and appropriation between projects withi...
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