Explanation
1. BACKGROUND
This ordinance provides $120,000.00 for construction inspection costs for the project located at High Street and Lane Avenue. Construction Inspection funding is normally authorized in construction legislation and available throughout the project. This project requires construction inspection funds for the installation of CTSS Traffic conduit.
Currently, Ohio State is performing streetscape construction at the intersection of Lane Avenue and High Street. It has been determined it is in the city’s best interest, while this construction is occurring, to install CTSS Traffic conduit at the intersection. Additional construction inspection costs are necessary for this portion of the project.
2. FISCAL IMPACT
An amendment to the 2015 Capital Improvements Budget is necessary for the purpose of providing sufficient spending authority for the aforementioned project expenditure.
3. EMERGENCY DESIGNATION
The department requests emergency designation in the interest of maintaining proper accounting and fund integrity in a timely manner.
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 and General Permanent Improvement Fund; to authorize the expenditure of $120,000.00 from the General Permanent Improvement Fund, Fund 748 for the purpose of providing sufficient funding for Construction Inspection; and to declare an emergency. ($120,000.00)
Body
WHEREAS, a capital improvement project within the City of Columbus generally includes an inspection component; and
WHEREAS, the amount encumbered for inspection is ordinarily an estimate based on the project's construction expense; and
WHEREAS, it is necessary to authorize an amendment to the 2015 Capital Improvements Budget for the purpose of providing sufficient spending authority for the aforementioned project expenditure; and
WHEREAS, an emergency exists in th...
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