Memorandum of Understanding (MOU) - TreesColumbus, Inc.
Initiator
Planning Department
Recommendation
Approval is requested to enter into a Memorandum of Agreement (MOU) with \n \n TreesColumbus, Inc., to reimburse the City for consultant services for the \n \n Veterans Parkway Streetscape Project.
Approval
Approved
Background
In 2004, TreesColumbus, Inc., initiated a request for a $1 million
Transportation Enhancement grant from the Georgia Department of Transportation
(GDOT), for streetscape improvements along Veterans Parkway, from Victory Drive
to 14th Street. The grant funds require a twenty (20) percent match, which
TreesColumbus, Inc., had previously agreed to, prior to the submission of this
grant. This match amount will be used to pay for the consultant services
needed to design and develop the streetscape project. The initial cost of this
first phase is approximately $255,000. Funds ($1 million) for Phase II of
this project have been approved by GDOT and will also require a twenty (20)
percent match to be funded by TreesColumbus at a later date.
Analysis
A MOU is necessary to formalize the agreement for payment from TreesColumbus,
Inc., as the City is the responsible agency for this grant. The MOU details
how the payments are to be made to the City.
Financial Considerations
The City is the ultimate responsible agency for the administration of this
grant. The budget will be amended in the Mid Year Adjustment that will be
coming forward to Council in the upcoming weeks.
Projected Annual Fiscal Impact Statement
Legal Considerations
The City Attorney has reviewed the proposed MOU and has approved it.
Recommendations/ Actions
Authorize the City Manager to enter into a Memorandum of Understanding (MOU)
with TreesColumbus, Inc., to reimburse the City for consultant services for the