Explanation
1.BACKGROUND
This legislation authorizes the Director of Public Service to enter into various agreements with the Central Ohio Transit Authority (COTA) for COTA to contribute funds to several downtown projects (the Projects) (Roadway Improvements - Downtown Action Plan, Roadway Improvements - Front Street and Marconi Boulevard, and Downtown Streetscapes - LeVeque Tower), to accept an initial deposit from COTA, execute agreement modifications to accept additional deposits as necessary, and return any unused balances to COTA upon completion of the projects
The City’s Projects are in close proximity to each other, on Front Street, between Broad Street and Long Street. The City shall design and install conduit and pull boxes for COTA in this area. It is estimated that COTA shall contribute $200,000 to these projects for this work.
2. FISCAL IMPACT
COTA will deposit approximately $200,000 with the City of Columbus for design, construction, and inspection of conduit and pull boxes in the downtown area. Any remaining balance shall be returned to COTA. If additional funds are needed, COTA shall deposit additional funds.
3. EMERGENCY DESIGNATION
The Department of Public Service is requesting this ordinance to be considered an emergency measure in order to allow for immediate execution of these agreements which is necessary to maintain the Projects’ schedule.
Title
To authorize the Director of Public Service to enter into various agreements with COTA for contribution of funds to several downtown projects, to accept an initial deposit from COTA, execute agreement modifications to accept additional deposits as necessary, and return any unused balance to COTA upon completion of the construction; and declare an emergency. ($0.00)
Body
WHEREAS, this ordinance authorizes the Director of Public Service to enter into various agreements with COTA to contribute funds to several downtown projects (the Projects) (Roadway Improvements - Downtown Action Plan,...
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