Label
DPU011822CIPROADWAYMATCHESANDPLANNING
Engineering Services
T. Grosjean (x1344)
Revised
Title
Authorizing the appropriation and expenditure of an amount not to exceed $2,800,000 from the Capital Improvement Fund for the Matches & Planning Program; authorizing the mayor to prepare plans and specifications, acquire required rights-of-way as appropriate, accept bids and enter into contracts for various roadway and transportation matches and planning projects within the Division of Engineering Services; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
The Division of Engineering Services is requesting authority to appropriate and expend an amount not to exceed $2,800,000 from the Capital Improvement Fund for the Matches & Planning program. The Matches and Planning Program is included in the proposed 2022-2026 Capital Improvement Program and Road Improvement Fund Budget This money will be used to provide City match dollars to state and federal grants and loans.
The 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 to appropriate and expend 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 the appropriation of $2,800,000 is authorized for appropriation in the Capital Improvement Fund to Account Code 5040-35000-8CB2204STREET and the expenditure of same is authorized for the Roadway Matches and Planning Program.
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