Explanation
1. BACKGROUND
This ordinance authorizes: the Director of Public Service to accept deposits from White Castle Management Company (White Castle) to be used for construction inspection and administration for Roadway - Reach Boulevard & Generations Pass and SR 315 project; the establishment of an Auditor Certificate Direct Invoice (ACDI) for the payment of construction inspection and administration services for the project; and the expenditure of funds on construction inspection and administration services relative to the project. It also authorizes the refund of any unused funds deposited by White Castle for construction inspection and administration for this project upon the completion of final accounting for the Roadway - Reach Boulevard & Generations Pass and SR 315 project or when the Department of Public Service determines remaining funds are no longer needed for construction inspection and administration for the project.
The aforementioned project, which will be administered by White Castle, will culminate in the construction of a new public roadway and other public infrastructure improvements, including intersection improvements at West Goodale Street, Reach Boulevard, and S.R. 315, and additional turn lanes to the S.R. 315 exit ramps at that intersection. The Department of Public Service will be performing construction administration and inspection services relative to that effort.
Ordinance 0047-2021 authorized the execution of a Construction Guaranteed Maximum Reimbursement Agreement, effective January 29, 2021, between the Department of Public Service and White Castle, which required White Castle to deposit inspection funds with the City. White Castle recently deposited $172,903.57 with the City Treasurer to support the performance of construction administration and inspection services. The purpose of this legislation is to make said funds available for use. This ordinance also authorizes, as necessary, the issuance of a refund of any une...
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