Explanation
1. BACKGROUND
The following ordinance authorizes the City Attorney's Office, Real Estate Division to hire professional services and to negotiate with property owners to acquire the various property rights necessary to complete the Arterial Street Rehabilitation - E. Broad Street Widening Phase I project (P530103-100061) in the Far East Planning Area (58).
The Department of Public service is engaged in the Arterial Street Rehabilitation - E. Broad Street Widening project consisting of two phases. The project’s two phases will widen East Broad Street from east of I-270 to Reynoldsburg-New Albany Road. This legislation seeks to authorize expenditures to acquire various property rights for the first phase, which will construct new pavement for the widening and resurfacing of the existing pavement from the I-270 interchange to Outerbelt Street and will also include traffic signal improvements; addition of a shared use path, sidewalk, street lighting, street trees, signal interconnect conduit; and incidental improvements such as drainage, traffic control, sediment and erosion control, water adjustments, and maintenance of traffic.
The cost to acquire the right-of-way needed to complete the first phase of the project is estimated at $2,200,000.00. If the cost to acquire the needed right-of-way should exceed this estimate, additional legislation will be submitted to Council requesting the needed funding.
The Department of Public service is currently finalizing construction plans and is prepared to authorize right-of-way acquisition pending passage of this funding legislation.
2. FISCAL IMPACT
Funding for the amount of $1,320,000.00 is available in the form of a grant from the Ohio Department of Transportation, which will partially fund right-of-way acquisition from the Federal Transportation Grants Fund, Fund 7765.
Through the Department of Development, Public Service will contribute the local share for right-of-way acquisition, $880,000.00...
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