Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to grant consent and propose cooperation with the Ohio Department of Transportation (ODOT) for the Roadway Improvements - I-70/71 South and East Freeways project and to expend funds to support construction and inspection services for that project. This project will consist of several phases such as but not limited to: FRA-71-17.46 Phase 3B PID 105453, FRA-70/71-12.68/15.16 Phase 4R PID 105523 Phase 4R (Livingston Avenue Phase A, to be bid with Phase 4R), and FRA-70/71-13.21/14.36 Phase 6R PID 105588.
The aforementioned project, which is slated to commence in 2019, encompasses various improvements to IR70 and IR71 corridor in Downtown Columbus, including reconstructing and widening portions of IR70 eastbound and westbound between 4th Street and Miller Avenue and resurfacing portions of IR70 and IR71.
The purpose of this legislation is to authorize the encumbrance and expenditure of funding in the amount of up to $8,050,000.00 to defray anticipated construction costs and $150,000.00 in anticipated inspection services costs; however, the final costs to the City may vary based on the results of the competitive bidding process. If more funds are needed at that time the Director of Public Service will seek addtional Council approval.
2. FISCAL IMPACT
Partial funding in the amount of $5,584,687.00 is available within the Streets and Highways Bond Fund within the Department of Public Service for this project (Project P530161-100207 as Voted Carryover funds). The remaining Public Service funding for this project is budgeted within the 2019 Capital Improvements Budget, which has been approved by Council under Ordinance 1326-2019. The funds will not be available to Public Service until the proceeds of the bond sale are available later this year. Therefore, it is necessary to certify the Public Service funds in the amount of $2,615,313.00 against the Special Income Tax Fund.
3. EM...
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