Explanation
1. BACKGROUND
The purpose of this legislation is to amend an earlier ordinance to facilitate the execution of a Contribution Agreement between the Department of Public Service and the Columbus State Community College Development Foundation Inc. relative to the Miscellaneous Economic Development - Creative Campus Phase 2 project.
Ordinance 2896-2017 previously authorized the Director of Public Service to enter into a Design Guaranteed Maximum Reimbursement Agreement with the Columbus State Foundation for the aforementioned Project, which encompasses various improvements to Cleveland Avenue between Long Street and Mount Vernon Avenue, in connection with Columbus State Community College’s new culinary school project. Since that time, the Department of Public Service has determined that it would be more prudent to execute a Contribution Agreement relative to that effort.
Additionally, this legislation clarifies that the signatory to the aforementioned Contribution Agreement will be the Columbus State Community College Development Foundation Inc. and corrects the project name.
2. FISCAL IMPACT
The City previously committed $350,000.00 toward eligible Project design costs, and an Auditor’s Certificate, ACPO002492, has already been established allocating capital funds for that purpose. No additional monies will be encumbered or expended pursuant to this ordinance.
3. EMERGENCY DESIGNATION
Emergency action is requested so as to allow for the immediate execution of the requisite Contribution Agreement, which is necessary to facilitate the design of these improvements, in order to maintain the project schedule and to meet community commitments.
Title
To amend Ordinance 2896-2017 so as to authorize the execution of a Contribution Agreement between the Department of Public Service and the Columbus State Community College Development Foundation Inc. relative to design of the Miscellaneous Economic Development - Creative Campus Phase 2 project; and to...
Click here for full text