Explanation
1. BACKGROUND
This ordinance provides $279,690.00 to prevent inspection deficits for projects within the Division of Design and Construction Capital Improvement Program. Construction Inspection funding is normally authorized in construction legislation and available throughout the project. The amount for inspection is generally estimated by taking a percentage of the construction cost and occasionally the funds set up for this cost are not sufficient to cover the inspection of the project through project completion. It is then necessary to request additional funding for the remaining inspection costs. This ordinance authorizes an additional amount of $279,690.00 to establish funding to prevent inspection deficits in various projects. Inspection Funding for the following projects as well as contingency funding for miscellaneous projects to be determined to provide for timely payment for inspection makes up this $279,690.00. Known projects requiring inspection funding include NCR#2 which is also known as High Street Streetscape, Lincoln Theater, 7th Avenue/ Easton / Dog Park, Parsons Avenue/Livingston Avenue, Linden Area Traffic Management Plan, Olentangy River Road-Gowdy Offsite, Williams Road, and Henderson Road.
These projects require additional construction inspection funds for varying reasons including project modifications due to expanded scope, unforeseen conditions, weather, construction change orders, etc.
2. FISCAL IMPACT:
Funding for these projects has been made available from cancelled encumbrances from completed projects.
3. EMERGENCY DESIGNATION
Emergency action is requested in the interest of maintaining proper accounting and Fund integrity in a timely manner.
Title
To authorize the expenditure of $279,690.00 from the Streets and Highways G.O. Bonds Fund, the State Issue II Street Projects Fund and the Federal State Highway Engineering Fund for construction inspection charges for the Division of Design ...
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