Explanation
This ordinance authorizes the Public Service Director to enter into a Guaranteed Maximum Cost contract with the Central Ohio Transit Authority (COTA) for the construction of public rights-of-way improvements around the East Main Street Transit Center. COTA has finalized plans for their second central city transit center of 12,000 square feet on the southeast corner of East Main Street and South Champion Avenue. The Transit Center will cost $2.7 million and is a project in COTA's 2020+ Long Range Transit Plan and supports the Federal Transit Administration's Livable Communities program. The Center will include continuous bus service, public parking, retail services, small-bus neighborhood circulator service and access to commute express bus services linking residents to major employers. Site work is set to begin in May 2004.
This expenditure is budgeted within the Economic and Community Development project within the 1995, 1999 Voted Streets and Highways Fund. This ordinance authorizes the transfer of $150,000.00 from the Special Income Tax Fund to 1995, 1999 Voted Streets and Highways Fund. The Special Income Tax transfer is a temporary measure until the City sells notes or bonds to fund this capital improvement.
Title
To authorize the Public Service Director to enter into a $150,000.00 Guaranteed Maximum Cost contract with the Central Ohio Transit Authority (COTA) for purposes of constructing public rights-of-way improvements around the Near East Transit Center; to authorize the appropriation and transfer of $150,000.00 from the Special Income Tax Fund to the 1995, 1999 Voted Streets and Highways Fund and to authorize the expenditure of $150,000.00 from the 1995, 1999 Voted Streets and Highways Fund for this purpose. ($150,000.00)
Body
WHEREAS, the Central Ohio Transit Authority (COTA) has finalized plans to construct a 12,000 square foot Near East Transit Center on the southeast corner of East Main Street and South C...
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