Explanation
1. BACKGROUND
The City is currently cooperating with ODOT in the multiyear/multiphase project to reconstruct and upgrade the I-70/71 corridor in the downtown area. Phase 4 limits of this project are I70 from 6th Street to the CSX railroad, Mound Street from Front Street to I-70, Fulton Street from 3rd Street to I-70. Bridge Crossings over I-70/71 within the limits include 4th Street, 3rd Street, High Street, and Front Street. (Roadway Improvements - I70/I71 South Freeway - Phase 4, ODOT designation FRA-70-8.93, PID 77372)
This ordinance authorizes The Director of Public Service to enter into an agreement with the Ohio Department of Transportation (ODOT) to allow the City to contribute part of the funding needed to perform a study of the High Street Cap. This cap will be located on High Street over the I-70/71 freeway. The purpose of this engineer's study is to provide information about economic development opportunities associated with the construction of this cap.
2. FISCAL IMPACT
The City will provide funding in the amount of $25,000.00 which will be matched by the Ohio Department of Transportation. Funding for this project is available within the Street and Highway Improvement Fund.
Title
To authorize the Director of Public Service to enter into agreement with and provide funding to the Director of the Ohio Department of Transportation for the purpose of studying the economic development opportunities associatied with the construction of the High Street cap over the I-70/71 freeway; to amend the 2012 C.I.B; to authorize the appropriation, transfer and expenditure of funds within the Street and Highway Improvement Fund and to declare and emergency. ($25,000.00)
Body
WHEREAS, The City is currently cooperating with ODOT in the multiyear/multiphase project to reconstruct and upgrade the I-70/71 corridor in the downtown area; and
WHEREAS, the limits for phase 4 of this project are I-70 from 6th Street to the CSX railroad, Mound St...
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