Explanation
1. BACKGROUND
The purpose of this ordinance is to authorize the Director of the Department of Public Service to enter into a Construction Guaranteed Maximum Reimbursement Agreement with Coulter Properties, LLC and Coulter Ventures, LLC dba Rogue Fitness (“Coulter”) for the installation of a stormwater quality device to treat stormwater runoff from the public right-of-way in concert with the construction of the NCR - Milo Grogan and Miscellaneous Economic Development - Weinland Park Phase 3A projects.
Coulter Properties, LLC is undertaking a $32 million redevelopment of the former Timken site in the Milo Grogan area of Columbus for a new headquarters for Rogue Fitness. The City is currently constructing the NCR - Milo Grogan and Miscellaneous Economic Development - Weinland Park Phase 3A CIP projects that include improvements to Cleveland Avenue from New York Avenue to just north of Starr Avenue and Fifth Avenue from Grant Avenue to I-71 ramps (the “CIP Projects”) in support of the redevelopment of the former Timken site.
The City has been granted a perpetual storm sewer easement on the Timken site for the purposes of installing, maintaining, repairing, controlling and operating a storm water quality device known as the Austin Sand Filter System or equivalent water quality filtration system and associated appurtenances for the purpose of treating stormwater runoff from within the public right-of-way.
Coulter has agreed to undertake the construction of the storm water quality device as part of its redevelopment of the Timken site.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for Coulter Properties, LLC is 26-8707426. The expiration date is November 17, 2017.
3. FISCAL IMPACT
Funds in the amount of $150,000.00 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 spen...
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