Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to enter into agreement with and provide additional funding to the Ohio Department of Transportation (ODOT) for that portion of IR 70 lying within the corporate limits of the City of Columbus, more particularly described as follows: project consists of improvements to Mound Street and 18th Street, construction of Ramp P2, lowering of Ramp X and connection of IR 70 westbound and Ramp P2, construction of bridges (Ramp P2 and IR 71) and (18th Street over IR 70 and associated retaining walls, lying within the City of Columbus (FRA-70-15.25, PID 94271). Construction is anticipated to begin in July 2013, and be completed in October 2014.
Ordinance 0861-2013 authorized the Director of Public Service to provide funds to ODOT prior to ODOT opening bids and if additional funds were needed after the bid opening, the Director of Public Service would seek Council approval for the additional funds. ODOT opened bids in May 2013 and additional City funding is needed to proceed with the project.
2. FISCAL IMPACT
The additional funding needed for the Department of Public Service’s portion of the project is $1,119,984.00. The total amount the City is contributing through the Department of Public Service is $2,420,294.00 ($1,300,310.00 (Ord. 0681-2013) plus $1,119,984.00 (authorized by this ordinance). A transfer of cash and authority is necessary for this project and will be reimbursed after the 2013 Bond Sale.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to meet ODOT’s construction schedule.
Title
To amend the 2013 Capital Improvement Budget, to authorize the City Auditor to transfer cash and appropriation between projects within the Streets & Highways Bond Fund; to allow the Director of Public Service to enter into agreement with the Ohio Department of Transportation for ODOT’s Interstates70/71 East Interchange - Phase 2C project (FRA-70-15.25, PID 94271); to aut...
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