Explanation
Background: As an incentive, the Development Department paid for roadway improvements to Olentangy River Road to accommodate the new developments at Gowdy Field. A new traffic signal placed at the entrance drive was included. After roadwork was complete, the opening of Time Warner offices did not generate enough increased traffic to warrant the signal. In order to close out the completed construction contract, the Development Department agreed to pay for the installation of the signal (once warranted) in a letter to the Public Service Director dated April 9, 2009. A year later, a second office building was completed opening as the OSU Medical Center. The signal was warranted and the Department of Public Service crews installed the signal. The Development Department wishes to reimburse the Department of Public Service for the cost of installation.
Fiscal Impact: $18,800 is available as cash in the 2009 Capital Improvement Budget, Northland and Other Acquisitions Fund.
Emergency Justification: Emergency action is requested in order to reimburse the Department of Public Service as soon as possible for work already completed.
Title
To amend the 2009 CIB; to authorize the Director of Development to reimburse the Department of Public Service for the installation of a new traffic signal on Olentangy River Road at Gowdy Field; to authorize the expenditure of $18,800 from the Gowdy Field project in the Northland and Other Acquisitions Fund; and to declare an emergency. ($18,800)
Body
WHEREAS, roadwork improvements around the Gowdy Field development site included installation of a new traffic signal on Olentangy River Road at its entrance; and
WHEREAS, the opening of Time Warner offices did not generate enough increased traffic to warrant a signal; and
WHEREAS, in order to close out the completed construction contract, the Development Department agreed to pay for the installation of the signal (once warranted) in a letter to ...
Click here for full text