Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to execute agreements with and to accept funding from Franklin County and/or the Franklin County Transportation Improvement District "FCTID" relative to the Arterial Street Rehabilitation - Morse Road Phase 1 (Seward Street to Stygler Road) project.
The aforementioned project encompasses various improvements to Morse Road, including widening and resurfacing Morse Road to provide additional through lanes and turn lanes and widening I-270 ramps B, C and D.
The Franklin County Board of Commissioners recognizes the economic, environmental, and safety benefits inherent to the project and has allocated up to $2,000,000.00 to support the construction of said improvements. Those funds will be disbursed by the FCTID.
This legislation also authorizes the appropriation of the funds received from Franklin County and the FCTID and the issuance, as necessary, of a refund of the unspent balance of the funds received from Franklin County and the FTCID after the project and final accounting have been completed or when the Department of Public Service, Division of Design and Construction, certifies said funds are no longer needed and can be returned to Franklin County.
2. FISCAL IMPACT
Franklin County has agreed to provide a lump sum contribution, not to exceed $2,000,000.00, to support the construction of the aforementioned project. Additional contributions from a developer (MORSO) and a grant through the State of Ohio will also be used to construct the project. The City is not contributing funding to this project.
3. EMERGENCY DESIGNATION
Emergency action is requested to make requisite construction funding available as soon as reasonably practicable so as to prevent unnecessary delays in the completion of needed public infrastructure improvements.
Title
To authorize the Director of Public Service to enter into agreements with, and to accept funding from, Franklin County and/or th...
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