Explanation
1. BACKGROUND
This ordinance authorizes the Department of Public Service to reimburse the Ohio Department of Transportation (ODOT) for costs incurred during the completion of the DEL-Gemini Parkway Extension (PID 95706) project, which encompassed the extension of Gemini Parkway from Orion Place to Worthington Road and the reconstruction of the intersection at East Powell Road.
Ordinance 1009-2015 authorized the Director of Public Service to grant consent and propose cooperation with ODOT relative to the aforementioned effort. Ordinance 2336-2015 authorized the Director of Public Service to enter into agreement with and provide funding in the amount of $3,573,000.00 to ODOT to support the local share of construction costs.
Construction of the project was complete as of June 26, 2018, and in the course of performing final accounting, ODOT determined that the actual cost of design and construction services attributable to the Department of Public Service exceeded the monies previously deposited by the City for that purpose. This legislation seeks to authorize the appropriation, encumbrance, and expenditure of additional funding to satisfy the outstanding obligation owed to ODOT.
2. FISCAL IMPACT
Funding in the amount of $56,601.38 is available in Fund 4402 (Polaris TIF ORD 3106 96 Reserve Account). It is necessary to transfer this amount to Fund 7770 (Polaris Interchange Fund) and appropriate it to be able to expend the funds.
3. EMERGENCY DESIGNATION
Emergency action is requested to facilitate reimbursement to ODOT as soon as reasonably practicable.
Title
To authorize the transfer of $56,601.38 from the Polaris TIF ORD 3106 96 Reserve Account to the Polaris Interchange Fund; to authorize the City Auditor to appropriate $56,601.38 within the Polaris Interchange Fund and within the Polaris TIF ORD 3106 96 Reserve Account Fund; to authorize the expenditure of up to $56,601.38 from the Polaris Interchange Fund to the Ohio Department of Tra...
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