Explanation
1. BACKGROUND
This legislation authorizes the Director of Public Service to enter into multiple agreements with Delaware County, hereinafter designated as Delaware, for the Intersection Improvements -- South Old State at Polaris Parkway project, to accept payments from Delaware to the Department of Public Service for performing various construction administration services during and after the completion of said project, and to refund any unexpended money deposited with the City after final accounting for the project.
Delaware intends to construct or cause to be constructed certain improvements to the intersection of South Old State and Polaris Parkway including the reconstruction and widening of 2.08 miles of South Old State from two lanes with turn lanes at the existing intersection to a 5-lane facility, the installation of sidewalk along the east side of the road, and a 10-foot shared use path along the west side of the road. The City of Columbus shall provide construction administration services for the project and Delaware will pay the City for providing these services.
Delaware will deposit funds with the City sufficient to cover the initial estimate of the cost for the City to provide the construction administration services for this project, which is currently estimated at approximately $1.3 million. Delaware will deposit additional funds if they are required. The City will refund any unused funds that are deposited.
2. FISCAL IMPACT
There is no cost to the City at this time. Under the terms of the construction administration agreement, Delaware will pay the Department of Public Service for performing construction administration and inspection services during the completion of the South Old State at Polaris Parkway project. The City may want to contribute funds to the project to pay some of the construction administration expenses. If that should happen, those funds will be legislated for City Council approval under a separate...
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