Explanation
1. BACKGROUND
The purpose of this ordinance is to amend Ordinance 0483-2017 in order to provide the needed funding for the Intersection Improvements - James Road at Livingston Avenue design contract with American Structurepoint, Inc.
Ordinance 0483-2017 authorized the Director of Public Service to accept Ohio Department of Transportation (ODOT) Highway Safety Program grant funds and enter into a contract with American Structurepoint, Inc., in the amount of up to $284,648.89 for the Intersection Improvements - James Road at Livingston Avenue project. The amount originally legislated was based upon a budgetary amount which has turned out to be significantly less than the needed funding.
An updated grant agreement between ODOT and the Department of Public Service has since been executed, with ODOT contributing additional funding to the project. Due to the increase in the project cost and the increase in the funding ODOT is contributing, it is necessary to amend the amount of the original ordinance from $284,648.89 to $429,898.00 before a contract can be executed with American Structurepoint. ODOT also plans to contribute additional funding near the start of construction to add funds for engineering services that will be needed during construction. A planned contract modification with American Structurepoint will be needed at that time to add the funds to their contract.
2. FISCAL IMPACT
The revised total amount of approved funding per the ODOT grant agreement is $444,222.00, an increase of $159,573.51 from the original grant amount of $284,648.89. The amount of the approved contract is $429,898.00, with the remaining balance of $14,324.00 subject to future encumbrance. Funding for the Department of Public Service cost share amount of 10% of the contract price ($42,989.80) is available in Fund 7704, Streets and Highways Bond Fund. Funding for the 90% ODOT cost share amount of $386,908.20 is available in Fund 7765, the Federal Transpo...
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