Explanation
1. BACKGROUND
The purpose of this ordinance is to authorize the Director of the Department of Public Service to execute a grant agreement with Columbus Metropolitan Library (CML) for the purpose of paying CML for costs associated with property interests conveyed by CML to the City in association with the 2020 Vision Plan projects in Columbus.
The City and CML entered into a Memorandum of Understanding (MOU) on February 5, 2016, for the purpose of outlining the plans and certain commitments of both parties relating to the coordination, funding, design, construction, and maintenance of public infrastructure improvements in an amount of up to $3,790,000.00 in support of CML’s 2020 Vision Plan projects in Columbus. Ordinance 3084-2016 authorized a modification of the MOU to include payment for costs associated with various property interests, including easements, right-of-way acquisitions and real property. This legislation authorizes the Director of the Department of Public Service to execute a grant agreement with CML, in an amount not-to-exceed $1,903,755.22, for payment of these costs.
2. FISCAL IMPACT
Funding in the amount of $1,903,755.22 is budgeted in the Streets and Highways G.O. Bonds Fund and the Development Taxable Bonds Fund to meet the financial obligations of this agreement.
3. EMERGENCY DESIGNATION
The Department of Public Service is requesting this ordinance to be considered an emergency measure in order to allow the Columbus Metropolitan Library to maintain its project schedules and community commitments.
Title
To authorize the Director of the Department of Public Service to execute a grant agreement with Columbus Metropolitan Library, in an amount not-to-exceed $1,903,755.22, to pay for costs associated with property interests conveyed to the City relating to public infrastructure improvements in support of the 2020 Vision Plan; and to declare an emergency. ($1,903,755.22)
Body
WHEREAS, on February 5, 2016, the City and th...
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