Explanation
1. BACKGROUND: The Department of Public Utilities, Division of Water intends to complete a water line construction project in the Eastfield Drive Area, and has agreed to incorporate the pavement milling and resurfacing of portions of Marsdale Avenue, Westfield Drive, Eastfield Drive North, Eastfield Drive, and Gantz Road, for the Franklin Township Board of Trustees, into its plans. This Ordinance will authorize the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement Agreement with Franklin Township, for these improvements, known as the Eastfield Drive Area Water Line Improvements Project, Project No 690235-100051 in the amount of $113,854.40.
Improvements will be made at City cost and then reimbursed by the Franklin Township Board of Trustees. The Franklin Township Board of Trustees passed Resolution No. 14-043, on March 27, 2014, whereby the Township agreed to reimburse the City for this project.
2. FISCAL IMPACT: The Franklin Township Board of Trustees will provide reimbursement to the Department Public Utilities, Division of Water for 100% of the Township's share of the costs associated with the construction of the improvements described herein, up to a maximum amount of $113,854.40. Once the reimbursement is received the funds will be deposited into the Water Permanent Improvement Fund (Fund 608).
Title
To authorize the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement Agreement with the Franklin Township Board of Trustees, for pavement milling and resurfacing associated with the Division of Water's Eastfield Drive Area Water Line Improvements Project; and to authorize a deposit up to $113,854.40 within the Water Permanent Improvement Fund. ($113,854.40)
Body
WHEREAS, the Director of Public Utilities needs to enter into a Guaranteed Maximum Reimbursement Agreement with the Franklin Township Board of Trustees, for pavement milling and resurfacing costs associated wit...
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