Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to modify an existing Guaranteed Maximum Reimbursement Agreement (GMRA) with the Columbus Metropolitan Library (“CML”) in connection with the 2020 Vision Plan.
CML has undertaken the 2020 Vision Plan, a capital improvement program that will invest approximately $85 million in seven Columbus libraries. In support of the 2020 Vision Plan, the City agreed to fund up to $3,790,000.00 for various public infrastructure improvements at the following libraries: Main Library, Northside Branch, Shepherd Branch, Martin Luther King, Jr. Branch, Driving Park Branch, Parsons Branch and Northern Lights Branch. To date, the City has appropriated a total of $3,736,755.22 towards fulfilling this commitment.
Ordinance No. 0696-2015 $500,000.00
Ordinance No. 2225-2015 $1,333,000.00
Ordinance No. 0190-2017 $1,903,755.22
Total $3,736,755.22
Ordinance 0696-2015 authorized the Director of Public Service to execute a GMRA in the amount of $500,000.00 with CML to support the design and construction of right-of-way improvements at the aforementioned library locations. This ordinance authorizes the Director of Public Service to modify said agreement and the encumbrance and expenditure of $53,244.78, for a total reimbursement amount of up to $553,244.78. This legislation will fulfill the City’s total commitment to CML of $3,790,000.00.
2. FISCAL IMPACT
Funds in the amount of $53,244.78 are available for this project in the Streets and Highways G.O. Bond Fund within the Department of Public Service.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to allow the Columbus Metropolitan Library to maintain its project schedules and community commitments.
Title
To authorize the Director of Public Service to modify an existing Guaranteed Maximum Reimbursement Agreement with the Columbus Metropolitan Library for the design and construction of public improvements in support of the 2020 Visio...
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