Explanation
Background: Evans, Mechwart, Hambleton & Tilton, Inc.'s (EMH&T) new office facility on New Albany Road added 414 jobs to the over 1,200 jobs already existing in this corridor. Another major development is currently under construction. The significant increase in traffic and congestion could be partially controlled by the installation of a new traffic signal at Walton Parkway. The total cost of this project is $270,000 of which the State has granted 80%, or $216,000. The City will finance the balance of project costs ($54,000 plus design costs).
Fiscal Impact: $216,000 will be deposited into the General Government Grant Fund, $54,000 is available in the 2006 Capital Improvements Budget and will be generated in the November 30 Bond Sale.
Emergency Justification: Emergency action is necessary because funds must be available for reimbursement in January 2007.
Title
To authorize the Director of the Department of Development to enter into an agreement with the Ohio Department of Development to accept a Roadwork Development Account grant of $216,000; to authorize the appropriation of $216,000 from the General Government Grant Fund to the Department of Development; to authorize the Director of the Department of Development to enter into a Guaranteed Maximum Price agreement with Evans, Mechwart, Hambleton and Tilton, Inc. pursuant to Section 186 of the Columbus City Charter to complete the installation of a new traffic signal on New Albany Road at Walton Parkway; to authorize the expenditure of $216,000 from the General Government Grant Fund; to authorize the expenditure of $54,000 from the Northland and Other Acquisitions Fund; to waive the provisions of Chapter 329 of Columbus City Codes; and to declare an emergency. ($270,000.00)
Body
WHEREAS, new developments along New Albany Road are increasing traffic and congestion; and
WHEREAS, the installation of a new traffic signal on New Albany Road at Walton Parkway will help to...
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