Explanation
1. BACKGROUND
This legislation authorizes the Director of Public Service to enter into agreements with and to accept up to $1,000,000.00 from the Central Ohio Transit Authority (COTA) relative to the Roadway - Front Street and Marconi Boulevard project. This legislation also authorizes the Director of Public Service to, as may be necessary, issue a refund to or accept additional monies from COTA based on the actual cost to complete that project.
The aforementioned project encompasses converting Front Street between Broad Street and Hickory Street and Marconi Boulevard between Broad Street and Spring Street to two-way operation. Other planned improvements include: upgrading the existing traffic signals; and installing curbs, sidewalks, street and pedestrian lighting, enhanced pedestrian crossings, and landscaping within the project limits. The estimated cost to complete the project is $13,333,365.10, with COTA agreeing to contribute up to $1,000,000.00 toward said cost. However, it may be necessary for the Department of Public Service to accept additional monies from or return funds to COTA based on final quantities and unit costs, and this ordinance seeks to authorize the same in the absence of additional legislation for that purpose.
2. EMERGENCY DESIGNATION
Emergency action is requested to authorize the Director of Public Service to execute agreements with COTA as soon as reasonably practicable to facilitate the acceptance and expenditure of requisite construction funding so as to prevent unnecessary delays in the completion of the aforementioned public improvements.
3. FISCAL IMPACT
A separate ordinance authorizing the encumbrance and expenditure of City funds to support the construction phase of the Roadway - Front Street and Marconi Boulevard project will be put forth for Council consideration at a later time.
Title
To authorize the Director of Public Service to enter into agreements with and to accept funding fr...
Click here for full text