Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to contribute additional funding to the Ohio Department of Transportation (ODOT) for FRA-70-14.54 (Project 2E), PID 105322.
The aforementioned project, which is slated to commence in 2019, encompasses various improvements to IR70 and adjacent streets, including reconstructing and widening portions of IR70 eastbound and westbound between 4th Street and Miller Avenue and resurfacing portions of IR70 and IR71.
Ordinance 1371-2018 authorized the Director of Public Service to grant consent and propose cooperation with ODOT relative to that project and noted that the encumbrance and expenditure of requisite funding would be authorized under a separate ordinance.
Ordinance 1472-2018 authorized the Director of Public Service to enter into agreements with ODOT and contribute up to $675,000.00 to support the local share of estimated construction costs. Since that time, ODOT has revised its preliminary cost estimate, and the costs attributable to the City of Columbus have increased substantially.
The purpose of this legislation is to authorize the encumbrance and expenditure of additional funding in the amount of up to $506,196.00 to defray anticipated construction costs; however, the final costs to the City may vary based on the results of the competitive bidding process.
2. FISCAL IMPACT
Funding in the amount of $506,196.00 is available within the Streets and Highways Bond Fund within the Department of Public Service for this project (Project P530161-100139 as Voted Carryover funds). An amendment to the 2018 Capital Improvement Budget is necessary for the purpose of providing sufficient spending authority for the aforementioned expenditure.
3. EMERGENCY DESIGNATION
Emergency action is requested to allow ODOT to maintain the planned project schedule and to promote highway safety.
Title
To amend the 2018 Capital Improvement Budget; to authorize the Director of Public Servic...
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