Explanation
1. BACKGROUND
The purpose of this ordinance is to amend Ordinance 0229-2017 in order to accurately reflect the cost splits of the Arterial Street Rehabilitation - Hamilton Road - I70 to Refugee Road (FRA-SR317-10.630 (PID Number 95570)) project. Ordinance 0229-2017 incorrectly identified Federal Funds as the sole funding source when City of Columbus Bond Funds will also be utilized.
Legislation 0229-2017 authorized the City Attorney's Office, Real Estate Division, to hire professional services and to negotiate with property owners to acquire the various property rights necessary to complete the Arterial Street Rehabilitation - Hamilton Road - I70 to Refugee Road (FRA-SR317-10.630 (PID Number 95570)) project.
This amendment is requested because the funding as originally listed in the accounting templates by the Department of Public Service did not include the funding contribution required from the Department of Public Service. It is necessary to correct the accounting template to state the following funding sources: the Federal Transportation Grants Fund in the amount of up to $1,628,888.89; and the Streets and Highways Bond Fund in the amount of up to $371,111.11.
2. FISCAL IMPACT
This is a reimbursable budgeted expense of $1,628,888.89 for this project within the Federal Transportation Grants Fund (Fund 7765). Funds in the amount of $371,111.11 were budgeted and are available within the Streets and Highways Fund (Fund 7704) for this project.
3. EMERGENCY DESIGNATION
Emergency action is requested to allow compliance with the grant terms and conditions as quickly as possible.
Title
To amend Ordinance 0229-2017 in order to accurately reflect the cost splits of the Arterial Street Rehabilitation - Hamilton Road - I70 to Refugee Road (FRA-SR317-10.630 (PID Number 95570)) project, to authorize the expenditure of funds in the Streets and Highways Improvement Bond Fund; and to declare an emergency. ($371,111.11)
Body
WHEREAS, Ordinan...
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