Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to enter into agreement with and provide additional funding to the Ohio Department of Transportation (ODOT) to perform the construction of ODOT's FRA-US23-12.24, PID 86661 construction project. The scope of work includes paving on US23 from Stationing Lane Mile (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.
Ordinance 1020-2015 authorized the Director of Public Service to provide funds to ODOT prior to ODOT opening bids. If the project required additional funds after the bid opening, the Director of Public Service would seek council approval. ODOT opened bids in May 2015 and additional city funding is necessary to proceed with the project.
2. FISCAL IMPACT
The additional funding needed for the Department of Public Service’s portion of the project is $939,334.00. The total amount the city is contributing through the Department of Public Service is $4,027,200.00 ($3,087,866.00 authorized by ordinance 1020-2015 and $939,334.00 authorized by this ordinance). 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 order to meet ODOT’s construction schedule.
Title
To amend the 2015 Capital Improvement Budget; to appropriate funds within the Public Service Gov't Build America Bonds Fund; to authorize the City Auditor to transfer cash and appropriation between projects within the Public Service Build America Bonds Fund and within the Streets and Highways Bond Fund; to allow the Director of Public Service to enter into agreement with the Ohio Department of Transportation for ODOT’s FRA-US23-12.24, PID 86661 project; to authorize the expenditu...
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