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File #: O-419-20    Version: 1 Name:
Type: Ordinance Status: Agenda Ready
File created: 10/6/2020 In control: Public Service Department
On agenda: 10/20/2020 Final action:
Title: Authorizing the expenditure of $150,000 from the Capital Improvement Fund for the installation of a traffic signal at the intersection of Bancroft and Scottwood; authorizing the mayor to accept bids and award a contract to complete said project; and declaring an emergency.
Attachments: 1. Bullet Points
Label
2020 CIP Traffic Signal at Bancroft and Scottwood $150,000
Division of Transportation
Gary Stookey (x1306), Paul M. Rasmusson (x7868)
(Revised)

Title
Authorizing the expenditure of $150,000 from the Capital Improvement Fund for the installation of a traffic signal at the intersection of Bancroft and Scottwood; authorizing the mayor to accept bids and award a contract to complete said project; and declaring an emergency.

Body
SUMMARY & BACKGROUND:
This Ordinance authorizes expending $150,000 from the approved 2020 Capital Improvement Plan (CIP) budget for Bancroft and Scottwood traffic signal installation.

The fiscal impact of this Ordinance is as follows:
- The total amount of funds requested: $ 150,000
- The expenditure budget line item: 5040-22500-8CP2044SIGBAN
- Revenue generated (operational revenue, grants, if any): none
- Revenue budget line item (if any): N/A
- Are funds budgeted in the current fiscal year (yes/no)? yes
- Is this a capital project (yes/no)? yes
- If yes, is it new or existing (new/existing)? new
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Livable City, Development) (yes/no) yes
o Workplace Culture & Customer Service (yes/no) no
o Environment (yes/no) no

Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:

SECTION 1. That an amount not to exceed $150,000 is authorized for expenditure from the Capital Improvement Fund, Account Code 5040-22500-8CP2044SIGBAN for installation of a traffic signal at Bancroft and Scottwood.

SECTION 2. That the mayor is authorized to accept bids and award a contract for the purposes specified in Section 1.

SECTION 3. That the Director of Finance is authorized to draw her warrant or warrants against the above account code in payment of the above authorized obligations in an amount not to exceed $150,000 upon presenta...

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