Explanation
BACKGROUND: This legislation authorizes the Director of Development to modify a contract with Long Street Associates LLP for the workforce housing project located at the corner of Front St. and Long St. in downtown Columbus in order to extend the completion date, add additional terms to the contract, to provide additional funds for the project, and allow payment of expenses that have occurred prior to the effective date of the contract modification.
Ordinances 1489-2015 and 3085-2015 authorized the Director of Development to provide financial support for the development and redevelopment of housing for people working near major job centers that cannot afford market rate housing through the Housing Works Program.
The original contract with Long Street Associates LLP for this purpose was authorized and funded under ordinance 1489-2015. Later in the year, the department encumbered additional funds under ordinance 3085-2015 for the same program.
The contract modification will extend the contract completion date from March 31, 2019, to March 31, 2020; add terms regarding affordability of the workforce housing units and the requirement for a restrictive covenant; to increase the contract amount by $1,000,000 to be funded from Ordinance 3085-2015; and to and to allow for costs incurred prior to this modification be eligible for reimbursement.
Original contract amount $1,000,000.00 Ord. 1489-2015
Modification amount $1,000,000.00 Ord. 3085-2015
Total contract amount $2,000,000.00
Emergency legislation is requested to allow construction to be completed on schedule and allow for workforce occupancy as soon as possible.
FISCAL IMPACT: Funds for this expenditure are available on ACPR000594, authorized by ordinance 3085-2015.
CONTRACT COMPLIANCE: The vendor’s contract compliance number is 311189621 and expires 4/17/21.
Title
To authorize the Director of Development to enter into a contract modification with Long Street Associates, LLP to exten...
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