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 CWKSS Franklinton Developer, LLC, for up to $270,000.00 to design the Miscellaneous Economic Development - East Franklinton - Lucas Street and Cherry Street Extensions project.
The City of Columbus and CWKSS Franklinton Developer, LLC are engaged in a Public-Private Partnership (3P) to make right of way improvements in support of the redevelopment of the former Riverside Bradley public housing development in the East Franklinton neighborhood of Columbus as part of the Miscellaneous Economic Development - East Franklinton - Lucas Street and Cherry Street Extensions project.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for CWKSS Franklinton Developer, LLC is 474174161. The expiration date is 06/18/2017.
3. FISCAL IMPACTS
Funds in the amount of $270,000.00 are available for this project in the Streets and Highways Bond Fund within the Department of Public Service. An amendment to the 2015 Capital Improvements fund is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditure.
4. EMERGENCY DESIGNATION
The Department of Public Service is requesting that council consider an emergency measure for this ordinance in order to allow the Director of the Department of Public Service to immediately execute a Design Guaranteed Maximum Reimbursement Agreement, which is necessary to facilitate the construction of these improvements to maintain the project schedule and meet community commitments.
Title
To authorize the Director of Public Service to enter into a Design Guaranteed Maximum Reimbursement Agreement with CWKSS Franklinton Developer, LLC; to amend the 2015 Capital Improvement Budget; to authorize the City Auditor to transfer cash and appropriation between projects within the Streets and Highways Bond Fund...
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