Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to enter into agreement with and provide funding to the Ohio Department of Transportation (ODOT) to perform the construction of ODOT's FRA-US23-12.24, PID 86661 construction project.
Ordinance 1790-2014 authorized the Director of Public Service to grant consent and propose cooperation with the Ohio Department of Transportation (ODOT) for this project and noted that future legislation requesting funds would be forthcoming.
The Ohio Department of Transportation shall be advertising for construction services and hold the construction contract. ODOT estimates construction to begin in the summer of 2015 and conclude in the autumn of 2015.
The scope of work includes paving on US23 from SLM 0.00 to SLM 3.26 (Summit Street) and from SLM 12.24 to SLM 15.34 (Fourth Street). The project will reduce the road from three to two lanes to allow for a bike lane and still maintain parking.
2. FISCAL IMPACT
The estimated construction cost of the project is $6.8 million with the City’s share being $3,087,866.00. Funds in the amount of $3,087,866 are available for this project in the Streets and Highways Bond Fund within the Department of Public Service.
If, after the department opens the bids, the bid comes in higher than estimated, ODOT will notify the city if it needs additional funds. If the project does require additional funds, the director shall seek council approval for additional funds at that time.
An amendment to the 2015 Capital Improvements fund is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditure.
3. EMERGENCY DESIGNATION
The department requests emergency designation in order to meet ODOT’s construction schedule.
Title
To amend the 2015 Capital Improvement Budget; to authorize the City Auditor to transfer cash and appropriation between projects within the Streets and Highways Bond Fund; to allow th...
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