Label
TDOT032123MATCHESANDPLANNING
Road & Bridge Maintenance
Jeremy Mikolajczyk (x1537)
Revised
Title
Authorizing the expenditure of an amount not to exceed $1,300,000 from the Capital Improvement Fund for the Road & Bridge Maintenance Matches and Planning Program; authorizing the mayor to prepare plans and specifications, acquire rights-of-way as appropriate, accept bids and award contracts and enter into agreements for said program; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The Division of Road and Bridge Maintenance is requesting the expenditure of $1,300,000 from the Capital Improvement Fund for the Bridge Matches & Planning program. This money will be used to provide City match dollars to state and federal grants and loans.
The Bridge Matches & Planning program provides funding that is needed to supply match funds for outside grants and loans the division has anticipated and secured, as well as to plan for future larger scale projects. These CIP funds will match federal and state transportation funds already approved through multiple sources.
Authorization for the expenditure of these critical funds now will allow for timely bidding and construction to ensure all projects are completed this year in a balanced, efficient fashion. It also allows for the processing of agreements needed to accept the outside grant and loan dollars before funding agency deadlines.
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That an amount not to exceed $1,300,000 is authorized for expenditure from the Capital Improvement Fund Account Code 5040-23100-8CB2312MATCHP for Road & Bridge Maintenance Matches and Planning capital improvement program.
SECTION 2. That the Mayor is authorized to prepare plans and specifications, as well as authorized to accept bids and enter into contracts necessary to complete the planning, design, and construction of bridge matches and planning projects, includi...
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