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HomeMy WebLinkAboutResolution 003-18RECORD OF RESOLUTIONS Dayton Legal Blank, Inc., Form No. 30045 Resolution No. 03-18 Passed A RESOLUTION AUTHORIZING THE CITY MANAGER TO CONTRIBUTE FUNDS TO THE NW 33 INNOVATION CORRIDOR COUNCIL OF GOVERNMENTS. 20 WHEREAS, the City of- Dublin (the "City"), through Council, previously approved Resolution 71-16, establishing the Council of Governments ("COG") between the City of Dublin, the City of Marysville, Union County, and the Marysville -Union County Port Authority; and WHEREAS, the COG serves as the administrative institution charged with managing numerous projects of regional interest and impact, including the implementation of the Advanced Transportation Congestion Management Technologies Development ("ATCMTD") Grant obtained from the U.S Department of Transportation and coordinating the construction of new fiber infrastructure along NW33; and WHEREAS, the COG projects require expenditures that must be made in advance of receiving the ATCMTD Grant, which amounts to $650,000.00 in revenue, to be received on a reimbursement basis; and UVHEREAS, the City of Marysville established a fund ("Grant Fund") to manage expenditures and revenues related to the ATCMTD Grant; and WHEREAS, the City of Marysville, Union County, and the City of Dublin have agreed to each contribute to the fund an amount equal to one-third of the $650,000.00 ATCMTD Grant amount, or $216,666.66 per entity; and WHEREAS, the City of Marysville established an additional fund ("Supplemental COG Fund") to account for expenditures not reimbursable by the federal ATCMTD grant, including costs related to liability insurance, marketing expenditures, and local share contributions; and WHEREAS, the COG approved $743,200.00 for the 2018 COG budget, to be held in the Supplemental COG Fund; and WHEREAS, the City of Marysville, Union County, and the City of Dublin have agreed to each contribute an amount equal to one-third of the 2018 Budget to the Supplemental COG Fund, or $247,733.33 per entity. NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin, Delaware, Franklin, and Union Counties, State of Ohio, rl of the elected members concurring that: Section 1. The City Manager is hereby authorized to contribute $216,666.66 to the Council of Government's Grant Fund as a loan in order to contribute the City's share of the COG's reimbursable expenditures for the NW 33 Innovation Corridor infrastructure projects, to be repaid to the City by the Council of Governments upon receipt of the ATCMTD Grant. Section 2. The City Manager is hereby authorized to contribute $247,733.33 to the Council of Government's Supplemental COG Fund in order to contribute the City's share of local match funds and additional expenses as set forth in the Council of Governments' 2018 Budget. Section 3. The City's total 2018 contribution to the NW 33 Innovation Corridor Council of Governments is equal to $464,399.99. The contribution will be paid from funds set aside from prior 2017 appropriations. As such, additional appropriations are not necessary for the City's contributions. Section 4. This Re tion shall be effective upon passage in accordance with Section 4.04(a) of the Revis Carter, P ssed this day of , 2018 yor — Prtsidingfbfficer ATTEST: �l Clerk of Council C it itv of 1"1ublil 0'i ce of the City Manager 5200 Emerald Parkway * Dublin, OH 43017-109 Phone: 614-410-4400 * Fax: 614-410-4490 1 To: Members of Dublin City Council From,,, Dana L. McDaniel, City Manager Date:, January 4,, 2018 11101111 1 Resolution No. 03-18 would authorize the City Manager to contribute funds to the NW 33 Innovation Corridor Council of Governments C'COG'). City Council previously approved Resolution 71-16, establishing the COG between the City of Dublin, the City of Marysville, Union County, and the Marysville -Union County Port Authority. The COG serves as the administrative institution to manage numerous projects of regional interest and impact. The initial project of the COG involves implementation of the Advanced Transportation Congestion Management Technologies Development ("'ATCMTD") Grant obtained from the U.S Department of Transportation and coordinating the construction of new fiber In total, the City's 2018 contributions, based on the 2018 COG budget, is $464,399.99. Of this total amount, $216,666.66 reflects a cost which will be repaid once the grant has been completed. The balance of the contribution, $247,733.33, reflects a local match of expenditure to the grant coupled with miscellaneous costs of the COG. I Additional appropriations are not necessary for this expense. Funds have been set aside from savings found in 2017 appropriations to allow for the contribution. Memo re. Res. 03 -18 — Funds To the NW33 Council of Governments January 4, 2018 Page 2 of 2 StaN recommends Council adopt Resolution No. 03-18, authorizing the City Manager t* contribute $464,399.99 to the COG funds established by the City of Marysville.