Explanation
1. BACKGROUND
This ordinance authorizes the expenditure of $161,598.00 to support the completion of the FRA-62-8.57 Urban Paving Project, PID 105506.
The aforementioned project, which is being administered by the Ohio Department of Transportation (ODOT), encompasses resurfacing those portions of Harrisburg Pike (U.S. 62) located within the Columbus corporate boundaries between 300’ south of Hyde Road and 100’ north of Belmead Avenue, including pavement repair and pavement markings, lying within the City of Columbus.
Ordinance 2766-2018 authorized the Director of Public Service to grant consent and propose cooperation with ODOT for the aforesaid project and noted that the encumbrance and expenditure of requisite funding would be authorized under a separate ordinance.
Ordinance 2515-2019 authorized the Director of Public Service to enter into agreements with and provide funding in the amount of $172,680.00 to ODOT for the aforementioned project. Following the passage of that legislation, ODOT elected to postpone the bid until early 2020, and the Auditor’s Certificate established pursuant thereto consequently was cancelled to allow the encumbered funds to be reallocated for other purposes.
ODOT now intends to solicit bids for the project in March and recently provided the Department of Public Service with a revised cost estimate showing the cost attributable to the City is $161,598.00.
2. FISCAL IMPACT
Funding in the amount of $161,598.00 is available within the Streets and Highways Bond Fund, Fund 7704, to support the local share of estimated construction costs; however, the final cost to the City may vary based on the results of the competitive bidding process administered by ODOT. It is necessary to amend the 2019 Capital Improvement Budget to establish sufficient budget authority for this expenditure. If additional funding is needed from the City after the results of the bid for this proejct are known, those funds will be requested separa...
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