City of Columbus - File #: 2205-2006

• File #: 2205-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 11/22/2006
• In control: Public Service & Transportation Committee
• On agenda: 12/11/2006
• Final action: 12/13/2006
• Title: To authorize the Public Service Director to enter into appropriate loan agreements with the Ohio Department of Transportation for a seven-year low-interest loan of up to $6,750,000.00 from the State Infrastructure Bank for construction of the Roberts Road reconstruction project for the Transportation Division; to authorize the expenditure of $128,000.00 for fees and interest associated with this loan from the 1995, 1999, 2004 Voted Streets and Highways Fund; and to declare an emergency. ($128,000.00) (REPEALED BY ORD. 0850-2007 PASSED 7/16/2007)

Date	Ver.	Action By	Action	Result
12/13/2006	1	MAYOR	Signed
12/13/2006	1	CITY CLERK	Attest
12/11/2006	1	Columbus City Council	Approved	Pass
12/11/2006	1	COUNCIL PRESIDENT	Signed
11/30/2006	1	CITY ATTORNEY	Reviewed and Approved
11/30/2006	1	SERVICE DIRECTOR	Sent to Clerk's Office for Council
11/29/2006	1	SERVICE DIRECTOR	Reviewed and Approved
11/29/2006	1	Auditor Reviewer	Reviewed and Approved
11/29/2006	1	CITY AUDITOR	Reviewed and Approved
11/29/2006	1	SERVICE DIRECTOR	Reviewed and Approved
11/28/2006	1	Finance Reviewer	Reviewed and Approved
11/28/2006	1	Finance Reviewer	Reviewed and Approved
11/28/2006	1	FINANCE DIRECTOR	Reviewed and Approved
11/27/2006	1	Service Reviewer	Reviewed and Approved
11/27/2006	1	SERVICE DIRECTOR	Reviewed and Approved
11/22/2006	1	Service Drafter	Sent for Approval

Explanation

The Public Service Department, Transportation Division, is pursuing a project to reconstruct Roberts Road. This roadway improvement will consist of major reconstruction including widening pavement from 2 to 5 lanes with curb, drainage, sidewalks, and a 10 foot shoulder for a bike lane between the traveled lane of cars and the curb. Project limits extend from Hilliard Rome Road to Westbelt Drive. Project length is 1.9 miles. This project is estimated to be bid by ODOT in March, 2007 and the project will begin construction approximately 4 weeks thereafter.

This ordinance authorizes the Public Service Director to enter into appropriate loan agreements with the Ohio Department of Transportation for a seven-year low-interest loan for up to $6,750,000.00 for the Transportation Division from the State Infrastructure Bank that is administered by the Ohio Department of Transportation and to authorize the expenditure of up to $128,000.00 for interest and other fees associated with the loan. This project is eligible for Federal Funds which will be utilized to repay the loan.

Fiscal Impact: Funds in the amount of $128,000.00 are budgeted in the 2006 Capital Improvement budget in the Federal State Match Project. MORPC will provide payment directly to the State for the loan.

Emergency action is requested to meet the State's schedule for this project. This project is expected to be sold in March and it is important to secure this funding source prior to that.

Title
To authorize the Public Service Director to enter into appropriate loan agreements with the Ohio Department of Transportation for a seven-year low-interest loan of up to $6,750,000.00 from the State Infrastructure Bank for construction of the Roberts Road reconstruction project for the Transportation Division; to authorize the expenditure of $128,000.00 for fees and interest associated with this loan from the 1995, 1999, 2004 Voted Streets and Highways Fund; and to declare an emergenc...