Explanation
1. BACKGROUND
This ordinance seeks authorization for the Director of Public Service to enter into a Construction Guaranteed Maximum Reimbursement Agreement with Elford, Inc. (the “Developer”) and to separately encumber funds required for the City to perform construction administration and inspection services for the NCR Weinland Park (7th to 9th) project.
The City is undertaking the NCR Weinland Park (7th to 9th) capital improvement project, which will make streetscape improvements to North High Street from 7th Avenue to 9th Avenue (the “CIP Project”). The CIP Project is anticipated to start utility relocation in 2017 and construction in 2018.
Within the limits of the CIP Project, the Developer is completing a private development project with frontage along the east side of North High Street from 7th Avenue to Euclid Avenue that is anticipated to be completed in spring 2018. In an effort to have the portion of the CIP Project located immediately adjacent to the Developer’s project completed by September 2017, it is necessary for the Developer to undertake construction of that portion of 7th Avenue (the “Project”). The estimated cost for construction and inspection of the Project is $1,364,451.45.
2. FISCAL IMPACT
Funding in the amount of $1,364,451.45 is available for this project in the Streets and Highways Bond Fund within the Department of Public Service. An amendment to the 2017 Capital Improvement Budget is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditure.
3. EMERGENCY JUSTIFICATION
Emergency action is requested so as to allow for immediate execution of the Construction Guaranteed Maximum Reimbursement Agreement and to encumber funds to pay for the City to perform construction administration and inspection services, which are necessary to facilitate the construction of public infrastructure project in order to maintain the project schedule and to coincide with the established de...
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