Explanation
1. BACKGROUND
This ordinance authorizes the Director of Public Service to enter into agreements with and provide funding to the Ohio Department of Transportation for the FRA-161-14.02 project, PID 107792.
The aforementioned project, slated to commence in spring 2021, encompasses resurfacing portions of Dublin-Granville Road (SR 161) along with various interchange ramps and lanes located within the Columbus corporation limits between 400 feet west of Ponderosa Drive and Big Walnut Creek.
Ordinance 1724-2020 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. This ordinance authorizes a deposit to be given to ODOT for the City's estimated share of the project cost based on the final ODOT estimate of the cost of the project. ODOT will not bid the project without receipt of this deposit. The City's final cost will depend upon bids received. If bids are higher than the final ODOT estimate, the City's share of the project cost could increase, requiring an additional deposit. Another ordinance will be submitted for Council consideration and approval if an additional deposit is required.
2. FISCAL IMPACT
Funding in the amount of $58,428.00 is available and appropriated 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. ODOT requires this deposit, based on their final engineer's estimate of project costs, to be made before they will bid the project.
3. EMERGENCY DESIGNATION
Emergency action is requested in order to maintain the project schedule established by ODOT and to promote highway safety.
Title
To amend the 2019 Capital Improvement Budget; to authorize the Director of Publ...
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