Explanation
BACKGROUND:
This ordinance will authorize the Director of Recreation and Parks to enter into a Primary Agreement with Capitol South Community Urban Redevelopment Corporation (Capitol South), an Ohio not-for-profit corporation, pursuant to Columbus City Code Section 329.30, in the amount of $4,000,000.00 for the Scioto Peninsula Garage and Park Project.
The Project involves the design and construction of an underground parking facility containing approximately 610 underground parking spaces with a world class recreational park above it at the surface (collectively the “Facility”). The Facility will be located on property bounded by Broad Street on the north, Belle Street on the west, COSI to the east and West Town to the south, which is owned by the City and leased to the State of Ohio.
Additionally, this ordinance repeals Ordinance #2832-2014, passed December 8, 2014, that authorized the Director of Finance and Management to enter into this contract rather than the Director of Recreation and Parks.
The Contract Compliance Number for Capitol South Community Urban Redevelopment Corporation is #76-0704655.
EMERGENCY JUSTIFICATION: An emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to enter into said agreement so that planning for initial design can begin, project financing can be determined, and a cost effective construction start can be planned for 2016 design completion, thereby preserving the public health, safety and welfare
FISCAL IMPACT: The expenditure of $1,600,000.00 is budgeted in the Recreation and Parks Bond Fund. The expenditure of $2,400,000.00 is budgeted in the Streets and Highways Bond Fund.
Title
To authorize and direct the Director of Recreation and Parks to enter into a primary agreement with Capitol South Community Urban Redevelopment Corporation, an Ohio not-for-profit corporation, for the design and construction of the Scioto Peninsula ...
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