Explanation
BACKGROUND:
The City has undertaken a multi-phase project in cooperation with the Columbus Downtown Development Corporation and Franklin County to redevelop the Scioto Peninsula. As part of that project and to support the redevelopment, the City wishes to engage Capitol South Community Urban Redevelopment Corporation, an Ohio nonprofit corporation (“Capitol South”), to construct a parking garage, which will be financed and owned by the City.
The Project involves the design and construction of a parking facility containing approximately 1,400 parking spaces (the “Facility”) to support private development planned to take place on the Scioto Peninsula. The Facility will be located on property bounded by Capital Street on the north, Starling Street on the east, the Norfolk Southern railroad tracks west of Starling Street on the west, and West Town Street to the south.
This ordinance will authorize the Director of Finance and Management, on behalf of the Director of Public Service, to enter into an agreement with Capitol South, pursuant to Columbus City Code Section 329.30, in the initial amount of $1,500,000.00 for the Starling Street Garage Project and authorize the Director of Finance and Management to amend the agreement to establish a guaranteed maximum price for the project following future appropriation by City Council.
The Contract Compliance Number for Capitol South Community Urban Redevelopment Corporation is #76-0704655.
EMERGENCY JUSTIFICATION: An emergency exists in the usual daily operation of the Department of Finance and Management in that it is immediately necessary to enter into said agreement so that planning for initial design can begin, project financing can be determined, and a cost effective construction start can be planned for 2022 construction completion, thereby preserving the public health, peace, property, and safety.
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