Explanation
1. BACKGROUND
This ordinance authorizes the Director of the Department of Public Service to execute a contribution agreement with and accept monies from the Stonehenge Company to support the design and construction of certain infrastructure in connection with the Arterial Street Rehabilitation - Hamilton Road - SR 161 to Morse Road Phase A project, and to, as necessary, provide a refund to the Stonehenge Company after final accounting is complete.
The aforementioned project represents the first of multiple phases of improvements to the North Hamilton Road corridor from Morse Road to SR 161 and intersecting arterial roadways, Morse Road and Dublin-Granville Road, geared toward increasing vehicular capacity, extending bikeway facilities, and completing gaps in the pedestrian system.
The Stonehenge Company has requested a traffic signal be installed at the intersection of Blendon Place Drive and Hamilton Road to facilitate ingress to and egress from a future development on the east side of Hamilton Road as part of Arterial Street Rehabilitation - Hamilton Road - SR 161 to Morse Road Phase A project and has agreed to contribute funding toward associated design and construction costs.
2. FISCAL IMPACT
Stonehenge shall contribute $360,000.00 to support design and construction costs associated with the installation of a traffic signal at the intersection of Blendon Place Drive and Hamilton Road as part of the Arterial Street Rehabilitation - Hamilton Road - SR 161 to Morse Road Phase A project.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to allow for immediate execution of agreements necessary to facilitate the design and construction of said public improvements in a timely manner.
Title
To authorize the Director of Public Service to execute an agreement with, and accept monies from, the Stonehenge Company relative to the Arterial Street Rehabilitation - Hamilton Road - SR 161 to Morse Road Phase A project, and to, as nec...
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