Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to enter into agreements with the Franklin County Engineer’s Office relative to the Riggins Road - Part 3 and Hayden Run Boulevard - Part 2 projects, located in the Hayden Run Community Planning Area, and to provide funding in the amount of up to $1,456,000.00 toward eligible design and construction costs.
The aforementioned effort is part of a larger project, the purpose of which is to construct a new roadway between the existing intersection of Hayden Run Boulevard and Golden Cascade Drive and the future intersection of Avery Road and Hayden Run Boulevard and the existing intersection of Wilcox Road and Riggins Road. Other planned improvements include: a sidewalk, shared use path, street lighting, street trees, water main, sanitary sewer and a storm sewer system.
2. FISCAL IMPACT
Funds in the amount of $1,456,000.00 are available in the Hayden Run South TIF, Fund 4450, within the Department of Development.
3. EMERGENCY DESIGNATION
Emergency action is requested to allow the Franklin County Engineer’s Office to maintain the current project schedule.
Title
To appropriate funds within the Hayden Run South TIF; to authorize the transfer of funds from the Hayden Run Community Authority Assessments to the Hayden Run South TIF Capital Fund; to authorize the Director of Public Service to enter into agreements with the Franklin County Engineer’s Office for the Riggins Road - Part 3 and Hayden Run Boulevard - Part 2 projects; to authorize the expenditure of funds from the Hayden Run South TIF Capital Fund to pay for these agreements; and to declare an emergency. ($1,456,000.00).
Body
WHEREAS, the Franklin County Engineer’s Office intends to construct or cause to be constructed public improvements located within City limits in Franklin County in conjunction with the Riggins Road - Part 3 and Hayden Run Boulevard - Part 2 projects; and
WHEREAS, the aforementioned efforts are...
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