Label
DPS ODOT GRANTS Signal Upgrade $340,000
Division of Transportation
John Cromly (x2290), Paul M. Rasmusson (450-7655)
(Revised)
Title
Authorizing the mayor to enter into cooperative grant agreements with and to accept financial assistance from the State of Ohio Department of Transportation (ODOT) for multiple traffic signal upgrade projects; authorizing the acceptance, deposit, appropriation and expenditure of grant proceeds in the Capital Improvement Fund in an amount not to exceed $340,000; authorizing the mayor to execute all necessary documentation for the grants; authorizing the mayor to accept bids and award contracts related to the construction; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The Division of Transportation has been working closely with ODOT to secure grant funding for multiple projects that is 100% federal funding with no match. All amounts are grant dollars and are assigned to specific projects as follows:
A maximum of $160,000 has been allocated by ODOT through the Safety funding for a traffic signal upgrade at the intersection of 11th, Indiana & Washington.
A maximum of $180,000 has been allocated by ODOT through the Safety funding for a traffic signal upgrade at the intersection of Bancroft, Indian & Secor.
Passage of this ordinance is required to enable the City of Toledo to accept outside funding for these projects.
The fiscal impact of this Ordinance is as follows:
- The amount of funds requested: $340,000
- The expenditure budget line item: 540G-22500-8GA7157STDSTD, 540G-22500- 8GA7158STDSTD
- New revenue generated (operational revenue, grants, if any): $340,000
- Revenue budget line item (if any): 540G-22500-8GA7157STDSTD, 540G-22500- 8GA7158STDSTD
- Are funds budgeted in the current fiscal year (yes/no)?: no
- Is this a capital project (yes/no)? no
- If yes, is it new or existing (new/existing)? N/A
- What section of the city's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) ...
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