Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to enter into contract with Double Z Construction Company for the Intersection Improvements - Stelzer Road at Easton Way project and to provide payment for construction, construction administration and inspection services.
This contract includes widening Stelzer Road to include a second northbound right turn lane at the intersection with Easton Way and widening of the entrance ramp from eastbound Easton Way to southbound I-270 to include a second lane, and other work as may be necessary to complete the contract in accordance with the plans and specifications set forth in the Bid Submittal Documents.
Ordinance 2982-2016 authorized the Director of the Department of Development to apply for and accept a grant from the Roadwork Development Account of the Ohio Development Services Agency, valued at $500,000.00, for costs associated with the completion of public roadwork improvements in support of the expansion of the Morgan Stanley & Company operations. It also authorized the appropriation of these monies within the General Government Grant Fund and the expenditure of $500,000.00, or so much as may be necessary from the General Government Grant Fund.
Ordinance No. 1088-2017 authorized the City and MORSO Holding Company to enter into a Construction Contribution Agreement, effective June 9, 2017, whereby MORSO Holding Company agreed to deposit funds with the City in the amount of $860,073.18 toward the completion of the Project.
In September 2017, the City accepted bids for the Project and the lowest, responsive, responsible, and best bid was higher than the estimate of construction costs. As a result, it is necessary for MORSO Holding Company to contribute additional funds to support that effort.
Ordinance 2599-2017 authorized the Department of Public Service to modify the Agreement with MORSO Holding Company and to accept additional funds in the amount of $42,173.88, for a tot...
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