Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to provide additional funding to the Ohio Department of Transportation (ODOT) for the FRA-US23-0.00 (PID 80108) joint project between ODOT and the City of Columbus. The project is located at the intersection of I-270 and US 23 on the south side of town.
Ordinance 2941-2013 authorized the Director of the Department to Public Service to enter into agreement with and contribute funds to ODOT for this project. ODOT shall hold the construction contract.
Bids were opened in April 2014, and bids came in higher than estimated. An additional $75,626.00 is owed for the city’s portion of the project.
2. FISCAL IMPACT
$444,164.00 was contributed before the bids were opened and an additional $75,626.00 is due. The estimated total project cost to the City of Columbus for the FRA-US23-0.00 (PID 80108) joint project is $519,790.00. If, after final accounting is complete, an additional amount is due, the Director of Public Service shall ask for authorization at that time. If a refund is due to the city, ODOT shall process said refund.
Funds in the amount of $75,626.00 are available for this project in the Streets & Highways Bonds Fund within the Department of Public Service.
3. EMERGENCY DESIGNATION
Emergency action is requested in order make payment to ODOT as soon as practical in order to maintain ODOT’s project schedule.
Title
To amend the 2014 Capital Improvement Budget; to authorize the City Auditor to transfer cash and appropriation between projects within the Streets & Highways Bonds Fund; to allow the Director of Public Service to make additional payment to the Ohio Department of Transportation for the FRA-US23-0.00 (PID 80108) joint project between ODOT and the City of Columbus; to authorize the expenditure of $75,626.00 from the Streets & Highways Bonds fund; and to declare an emergency. ($75,626.00)
Body
WHEREAS, the city has partnered with the Ohio Department ...
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