Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to grant consent and propose cooperation with the Ohio Department of Transportation (ODOT) for FRA-71-14.36 (Project 6R), PID 105588, which is part of the City's Roadway Improvements - I70/71 project to improve the Interstate 71/Interstate 70 corridor in Downtown Columbus.
The aforementioned project, slated to commence in spring 2021, encompasses the reconstruction of portions of I-70/71, the construction of two new structures over State Route 315 and the Scioto River and Short Street, and the reconstruction of portions of Mound Street.
ODOT will ask the City to approve final legislation for the project at a later date. However, at that time, it is not anticipated it will be necessary for Council to authorize the encumbrance and expenditure of capital funds to support the local share of associated construction costs because funding was previously approved by Council and appropriated for that purpose pursuant to Ordinance 2066-2019. The ODOT funding requests are based upon engineer estimates. If the engineer's estimate should change substantially prior to ODOT bidding the project, or if construction bids should be substantially higher than the engineer's estimate, it may be necessary to provide funding in excess of the amount already appropriated. If that should be the case, an ordinance will be submitted seeking Council's approval to provide the additional funding.
2. FISCAL IMPACT
The local share of construction costs is projected to be $1,500,000.00 based on initial cost estimates, which are subject to change. ODOT requires this amount to be deposited in advance of the bid opening date for the project. Auditor’s certificate ACPO004553 was established pursuant to Ordinance 2066-2019 to support project costs attributable to the City so as to prevent delays in the procurement process and construction schedule for this project. It still has a balance sufficient to sup...
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