Explanation
BACKGROUND:
This ordinance authorizes the City, acting through its Director of the Department of Finance and Management, to enter into an Agreement For Management Of Parking Garage (the “Agreement”) with the Capitol South Community Urban Redevelopment Corporation (“Capitol South”), an Ohio nonprofit corporation, in conjunction with the management of the underground parking garage currently being built on the Scioto Peninsula in downtown Columbus (the “Parking Facility”).
The Agreement is structured to allow Capitol South to manage the Parking Facility with the goal of providing affordable parking for downtown employees, guests and residents.
CONTRACT COMPLIANCE NO.:
CC68417-102242
FISCAL IMPACT:
Not applicable.
EMERGENCY JUSTIFICATION:
The Department of Finance and Management requests emergency designation to allow for the timely implementation of this agreement to meet the Fall 2017 target opening date.
Title
To authorize the director of the Department of Finance and Management to enter into an Agreement For Management Of Parking Garage with Capitol South Community Urban Redevelopment Corporation, an Ohio nonprofit corporation, for the management of the underground parking garage being built on the Scioto Peninsula in downtown Columbus; and to declare an emergency. ($0.00)
Body
WHEREAS, the City intends to enter into an Agreement For Management Of Parking Garage (the “Agreement”) with Capitol South Community Urban Redevelopment Corporation (“Capitol South”) for the management of the parking garage on the Scioto Peninsula in downtown Columbus (the “Parking Facility”); and
WHEREAS, Capitol South has significant experience in managing downtown parking operations and extensive knowledge of the Parking Facility and the City’s requirements for its operation; and
WHEREAS, the Agreement is structured to allow Capitol South to manage the Parking Facility with the goal of providing affordable parking for downtown employees, guests...
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