Explanation
BACKGROUND: This ordinance will provide payment to the Ohio Department of Transportation (ODOT) for the Main Street urban paving project which includes partial depth pavement reconstruction; planing and resurfacing pavement with asphalt concrete; and replacing pavement markings and loop detectors. Limits on this project extend on US40 (East Main Street) from the Bexley/Columbus corporation limit (at the intersection of Gould Road) to the Whitehall/Columbus corporation limit (just east of Barnett Road), then suspends through Whitehall and resumes at the Whitehall/Columbus corporation limit (at Big Walnut Creek) to the Columbus/Reynoldsburg corporation limit, 0.65 miles east of IR270. (FRA-US40-17.57/21.40 PID 23422)
Emergency action is requested in order to meet ODOT's schedule to bid this project.
FISCAL IMPACT: The total share of the cost for the City is now estimated in the amount of Two Hundred Fifty Seven Thousand Six Hundred Ninety Eight and ---- 00/100 Dollars, but the estimated amount will be adjusted so that the City's ultimate share of the cost of the improvement shall correspond with the actual cost when said actual costs are determined. Funds for the City's share are budgeted and available within the 1995, 1999 Voted Streets and Highways Fund. This ordinance transfers monies between projects within this Fund as required. These funds will be restored with the next bond/note sale. The division has been authorized to certify up to $8,640,000.00 against the Special Income Tax Fund for capital improvement projects before the bond sale but must first exhaust all existing cash in this fund.
Title
To authorize the transfer of $181,134.95 between projects within the 1995, 1999 Voted Streets and Highways Fund; to authorize the Public Service Director to enter into agreement with the Director of the Ohio Department of Transportation for the US Route 40 urban paving project; to authorize the expenditure of $257,698.00 from...
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