Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to accept deposits to be used for construction inspection and administration from NP Capital Management Corporation and from Delaware County, Ohio, for the Roadway Improvement - Lyra Drive Extension project, to establish an Auditor Certificate Direct Invoice (ACDI) for the payment of construction inspection and administration services for the project, and to expend funds relative to the project on construction inspection and administration. It also authorizes the refund of any funds deposited by NP Capital Management Corporation and Delaware County for construction inspection and administration and unused for this project upon the completion of final accounting for the Roadway Improvement - Lyra Drive Extension project or when the Department of Public Service determines remaining funds are no longer needed for construction inspection and administration for the project and can be refunded.
Per Ordinance 1260-2016, as amended by Ordinance 2631-2018, the City is engaged in a Public-Private Partnership (3P) with NP Capital Management Corporation to facilitate the construction of certain public infrastructure improvements in the Polaris area. One of the improvements encompasses the construction of a roadway extension within the newly dedicated public rights-of-way from Lyra Drive and Costco/Cabela to East Powell Road. A portion of the planned improvements will benefit Delaware County, which has agreed to contribute funding to support that effort.
NP Capital Management Corporation and Delaware County have deposited funds with the Department of Public Service that will be used for construction inspection and administration for the Roadway Improvement - Lyra Drive Extension project. It is necessary to establish an ACDI to allow the funds to be expended for that purpose.
2. CONTRACT COMPLIANCE
Delaware County and NP Capital Management Corporation are not contract compliant with the...
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