Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to enter into agreement with and provide funding to the Ohio Department of Transportation (ODOT) to construct the DEL-Gemini Parkway Extension (PID 95706) project, which includes extending Gemini Parkway from Orion Place to Worthington Road and reconstructing the intersection at East Powell Road in the Far North Area (Community Planning Area 03).
Ordinance 1009-2015 authorized the Director of Public Service to grant consent and propose cooperation with ODOT for this project and noted future legislation requesting funds would be forthcoming.
ODOT shall be responsible for advertising for construction services and holding the associated construction contract. Construction is slated to begin in early 2016.
2. FISCAL IMPACT
The estimated cost to construct the aforementioned project is $8,000,000.00, with Columbus’ share totaling $3,573,000.00, to be funded by Polaris TIF Funds. The Polaris TIF Funds will also incur all costs associated with construction administration and inspection services, currently estimated at $800,000.00. A transfer of cash and appropriation is necessary to align funding for this project expenditure.
3. EMERGENCY DESIGNATION
Emergency action is requested to maintain the current project schedule established by ODOT.
Title
To authorize the City Auditor to appropriate $4,373,000.00 within the Polaris TIF Fund; to authorize the City Auditor to transfer cash and appropriation between the Polaris TIF fund and the Polaris Interchange Fund; to authorize the Director of Public Service to enter into agreement with the Ohio Department of Transportation (ODOT) for the DEL-Gemini Parkway Extension (PID 95706) project; to authorize the expenditure of $4,373,000.00 from the Polaris Interchange Fund relative to the aforementioned project; and to declare an emergency. ($4,373,000.00)
Body
WHEREAS, the City has partnered with the Ohio Department of Transportati...
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