Explanation
1. BACKGROUND
The purposes of this ordinance are: 1) to authorize the Director of the Department of Public Service to enter into agreements with and to accept funds from the Ohio State University (OSU) and the Franklin County Engineer’s Office (Franklin County) to advance the Roadway - North Knot/SR 315 project; and 2) to, as necessary, authorize the acceptance of additional funding from those entities or the return of any unexpended design funding to the same after final accounting has been performed or the Department of Public Service certifies that any remaining funds are no longer needed for the project and can be refunded without the need for additional legislative action.
Administered by the Department of Public Service, the Roadway - North Knot/SR 315 project encompasses the preliminary design of improvements to State Route 315 and the exit and entrance ramps between the SR 315 bridge, south of King Avenue, over the Olentangy River and Ackerman Road. The resulting traffic capacity improvements are needed to support existing and future development in the area.
Having recognized the public benefit of said improvements, both OSU and Franklin County have allocated funding to support the completion of the design phase of the aforementioned project, necessitating the execution of contribution agreements, any amendments or modifications thereto, with those entities to facilitate the acceptance and expenditure of said funds by the Department of Public Service for that purpose, and the refund of any funds that may be unused.
2. FISCAL IMPACT
Based on preliminary cost estimates, OSU and Franklin County have committed funding totaling $550,000.00 to subsidize the cost of professional engineering services necessary to the successful completion of the design phase of the Roadway - North Knot/SR 315 project. It may be necessary for the Department of Public Service to seek and accept additional funds from OSU and/or Franklin County if the initial funding ...
Click here for full text