Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to enter into a Construction Guaranteed Maximum Reimbursement Agreement with OhioHealth Corporation (the “Developer”) for the OhioHealth Boulevard project.
The Developer is undertaking the construction of the OhioHealth Boulevard project, which includes widening, reconstructing, and extending an existing public street to North Broadway (the “Project”).
Pursuant to Ordinance 3076-2017, the City accepted a $1,000,000.00 grant from the Roadwork Development (629) account of the Ohio Development Services Agency and a $500,000.00 grant from the Ohio Department of Transportation for costs associated with the construction of the Project. Those funds have been allocated to reimburse the Developer for eligible construction costs.
2. CONTRACT COMPLIANCE INFORMATION
The contract compliance number for OhioHealth Corporation is CC006104, which expires April 17, 2019.
3. FISCAL IMPACT
Funding in the amount of $1,500,000.00 is available for this project in the General Government Grants Fund 2220 within the Department of Development.
4. EMERGENCY DESIGNATION
Emergency action is requested so as to allow the Director of Public Service to immediately execute a Construction Guaranteed Maximum Reimbursement Agreement, which is necessary to facilitate the construction of these improvements in order to maintain the project schedule and to meet community commitments.
Title
To authorize the City Auditor to appropriate grant funds within the General Government Grants Fund; to authorize the Director of Public Service to enter into a Construction Guaranteed Maximum Reimbursement Agreement with OhioHealth Corporation in an amount of up to $1,500,000.00 for the OhioHealth Boulevard project; and to declare an emergency. ($1,500,000.00)
Body
WHEREAS, the Developer is undertaking the construction of the OhioHealth Boulevard project that will extend an existing public street to North Broadway (the “...
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