Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to execute a Construction Guaranteed Maximum Reimbursement Agreement in connection with the expansion of the existing KIPP Columbus Campus in the Northeast Columbus Communities area.
The City of Columbus, acting through the Department of Development, previously formed a Public-Private Partnership (3P) with Daimler Group, Inc., which served as the construction manager, to facilitate the construction of certain public infrastructure improvements necessary to support the redevelopment of the former Bridgeview Golf Course into the current site of KIPP Columbus.
KIPP Columbus is part of a national network of free, open enrollment, public schools focused on character building and college readiness and currently is ranked in the top 5 schools in Ohio for academic growth.
The KIPP Columbus Foundation recently has undertaken an expansion effort in anticipation of doubling student enrollment to nearly 4,000 children in coming years. The expansion project will culminate in the construction of two new academic buildings on the site to accommodate elementary students. The proposed scope of work also will include additional public infrastructure improvements, specifically, a new traffic signal and left turn lanes at the intersection of Agler Road and Wedge Drive and a shared use path along the south side of Agler Road from east of Bridgewalk Street to east of Inspire Drive. The KIPP Columbus Foundation has engaged Smoot Construction to oversee the construction of said improvements.
The City, acting through the Department of Public Service, has agreed to allocate up to $2,400,000.00 to reimburse for eligible construction costs incurred relative to the completion of the additional public infrastructure improvements.
2. FISCAL IMPACT
Funding for the proposed expenditure is available as follows: $400,000.00 in the General Permanent Improvement Fund, Fund 7748, and $2,000,000.00 in the Streets ...
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