Explanation
1. BACKGROUND
This legislation authorizes the Director of Public Service to provide for payment of construction inspection and administration services for the Roadway - ODOT 170420 Franklin - 3366DRE project, and to expend funds relative to the project on construction inspection and administration.
The Roadway - ODOT 170420 Franklin - 3366DRE project is an Ohio Department of Transportation (ODOT) project at State Route 315 (SR315) and Olentangy River Road. The project consists of improvements to exit and entrance ramps at SR315 and Olentangy River Road to reduce congestion at peak hours due to heavy rush hour traffic on SR315, Olentangy River Road, West Third Avenue, and Goodale Boulevard. Funding for the construction of the project was provided by ODOT with the local match contribution by the City made in the form of construction inspection and administration of the project.
2. FISCAL IMPACT
Funds for this expense are available in Fund 7704, the Streets & Highways Bond Fund. An amendment to the 2019 Capital Improvement Budget and a transfer of cash within the Streets and Highways Bond Fund are necessary to align budget authority and cash within the proper project.
Title
To amend the 2019 Capital Improvement Budget; to authorize the transfer of funds within the Streets and Highways Bond Fund; and to authorize the expenditure of up to $205,250.00 for construction inspection and administration related to the Roadway - ODOT 170420 Franklin - 3366DRE project. ($205,250.00)
Body
WHEREAS, the Ohio Department of Transportation (ODOT) is engaged in the Roadway - ODOT 170420 Franklin - 3366DRE project; and
WHEREAS, the project consists of improvements to exit and entrance ramps at SR315 and Olentangy River Road to reduce congestion at peak hours due to heavy rush hour traffic on SR315, Olentangy River Road, West Third Avenue, and Goodale Boulevard
WHEREAS, it is necessary to amend the 2019 Capital Improvement Budget; and
WHEREAS,, it is necessary to transfer funds within the Streets and Highways Bond Fund; and
WHEREAS, the City of Columbus is to provide a local match contribution to the project made in the form of construction inspection and administration of the project; and
WHEREAS, it is necessary to establish an ACDI to pay for construction inspection and administration expenses relative to the project; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the 2019 Capital Improvements Budget authorized by ordinance 1326-2019 be amended as follows to establish sufficient authority for this project:
Fund / Project / Project Name / Current / Change /C.I.B. as Amended
7704 / P530161-100105 / Roadway Improvements - Cannon Drive Relocation (Voted Carryover) / $50,002.00 / ($50,002.00) / $0.00
7704 / P530170-100001 / Parking Services - Equipment (Voted Carryover) / $125,000.00 / ($125,000.00) / ($0.00)
7704 / P540001 - 100000 / Parking Meters - Commodities (Voted Carryover) $272,005.00 / ($30,248.00) / $241,757.00
7704 / P531022-100000 / Roadway - ODOT 170420 Franklin - 3366DRE (Voted Carryover) / $0.00 / $205,250.00
SECTION 2. That the transfer of $50,002.00 or so much thereof as may be needed, is hereby authorized within Fund 7704 (Streets and Highways Fund), from Dept-Div 5913 (Traffic Management), Project P530161-100105 (Roadway Improvements - Cannon Drive Relocation), Object Class 06 (Capital Outlay) to Dept-Div 5913 (Traffic Management), P531022-100000 (Roadway - ODOT 170420 Franklin - 3366DRE), Object Class 06 (Capital Outlay) per the account codes in the attachment to this ordinance.
SECTION 3. That the transfer of $125,000.00 or so much thereof as may be needed, is hereby authorized within Fund 7704 (Streets and Highways Fund), from Dept-Div 5913 (Traffic Management), Project P530170-100001 (Parking Services - Equipment), Object Class 06 (Capital Outlay) to Dept-Div 5913 (Traffic Management), P531022-100000 (Roadway - ODOT 170420 Franklin - 3366DRE), Object Class 06 (Capital Outlay) per the account codes in the attachment to this ordinance.
SECTION 4. That the transfer of $30,248.00 or so much thereof as may be needed, is hereby authorized within Fund 7704 (Streets and Highways Fund), from Dept-Div 5913 (Traffic Management), Project P540001 - 100000 / Parking Meters - Commodities), Object Class 06 (Capital Outlay) to Dept-Div 5913 (Traffic Management), P531022-100000 (Roadway - ODOT 170420 Franklin - 3366DRE), Object Class 06 (Capital Outlay) per the account codes in the attachment to this ordinance.
SECTION 5. That the expenditure of $205,250.00 or so much thereof as may be needed, is hereby authorized in Fund 7704 (Streets & Highways Bond Fund), Dept-Div 5913 (Traffic Management), Project P531022-100000 (Roadway - ODOT 170420 Franklin - 3366DRE), in Object Class 06 (Capital Outlay) per the accounting codes in the attachment to this ordinance.
SECTION 6. Funds are hereby deemed appropriated and expenditures and transfers authorized to carry out the purposes of this ordinance and the City Auditor shall establish such accounting codes as necessary.
SECTION 7. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 8. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies are no longer required for said project.
SECTION 9. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.