Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to accept insurance settlement proceeds associated with damage to a City-owned bike shelter near Broad Street and Third Street
The bike shelter was damaged as the result of a vehicular incident in 2025. The asset is City-owned infrastructure. At the time the claim was being pursued, the Capital Crossroads and
Discovery Special Improvement Districts (SID) were in the process of dissolving and continued coordinating certain matters relating to downtown infrastructure. A prior bikeway infrastructure improvements and maintenance agreement between the City and the Capital Crossroads Special Improvement District had expired on December 31, 2012, and was not automatically renewed.
During the transition and dissolution period, the SID coordinated with its insurance carrier regarding the damaged bike shelter and secured settlement proceeds intended to compensate for the loss of the City-owned asset. The proceeds are associated with damage to City infrastructure, it is necessary to authorize the City to formally accept the funds, appropriate them to the proper fund, and expend them for a public purpose consistent with the intended use of the settlement.
2. FISCAL IMPACT
This ordinance authorizes the acceptance of insurance settlement proceeds in the amount of $36,468.00 for the damaged bike shelter within the Street Construction Maintenance and Repair Fund, Fund 2265.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to allow the City to promptly accept the insurance settlement proceeds so that the funds can be deposited immediately by the City Treasurer
Title
To authorize the Director of Public Service to accept insurance settlement proceeds related to damage to a City-owned bike shelter in the amount of $36,468.00 within the Street Construction Maintenance and Repair Fund; and to declare an emergency. ($0.00)
Body
WHEREAS, the City of Columbus owns certain bik...
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