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Home My WebLink About42-09 ResolutionRECORD OF RESOLUTIONS Resolutio~~ No. Inc.. Form No. 300x5 42-09 Passed 20 A RESOLUTION AUTHORIZING THE CITY MANAGER TO SUBMIT AN APPLICATION TO THE DISTRICT 3 INTEGRATING COMMITTEE OF THE OHIO PUBLIC WORKS COMMISSION AND TO ENTER INTO AGREEMENT WITH THE OHIO PUBLIC WORKS COMMISSIOl~' FOR THE PURPOSE OF ACQUIRING GRANT AND/OR LOAN FUNDS THROUGH THE LOCAL TRANSPORTATION IMPROVEMENT PROGRAM/ STATE CAPITAL IMPROVEMENT PROGRAM FOR THE EMERALD PARKWAY PHASE 8 -RIVERSIDE DRIVE TO BILLINGSLEY CREEK PROJECT. WHEREAS, pursuant to Article VIII, Section 2K of the Ohio Constitution, the State of Ohio is authorized to issue bonds and other obligations of the state for the purpose of financing public infrastructure capital improvements of political subdivisions as designated by law; and WHEREAS, pursuant to Section 164.06 of the Ohio Revised Code, the District Three Public Works Integrating Committee has been created to accept, evaluate and recommend applications for state financing of capital infc-astructure improvement projects of political subdivisions in Franklin County; and WHEREAS, pursuant to Section 164.05 of the Ohio Revised Code, the Ohio Public Works Commission has been created to accept and approve applications for state financing of capital infrastructure improvement projects of political subdivisions in Franklin County; and WHEREAS, the City of Dublin has conducted a capital inventory and needs assessment and has determined that it is necessary to submit applications for financial assistance for capital infrastructure improvement projects; and WHEREAS, the City of Dublin wishes to apply to the District 3 Integrating Committee of the Ohio Public Works Commission for Round 24 Local Transportation Improvement Program (LTIP) grant funds and/or State Capital Improvement Program (SCIP) for the Emerald Parkway Phase 8 -Riverside Drive to Billingsley Creek Project. NOW~RFORE, BE IT RESOLVED, by the Council of the City of Dublin, State of Ohio, of the elected members concurring, that: Section 1. The City Manager is hereby authorized and directed to apply to the District Three Public Works Integrating Committee and the Ohio Public Works Commission for financial assistance for the Emerald Parkway Phase 8 -Riverside Drive to Billingsley Creek Project. Section 2. The City Manager is further authorized and directed to enter into any agreements as may be necessary and appropriate for obtaining this financial assistance in conjunction with the recommendation of the City Engineer, and approved as to form by the City Law Director, in accordance with all authority granted to and limitation upon the City Director of Finance. Section 3. This Resolution shall be effective upon passage in accordance with Section 4.04(x) of the Revised Charter. Passed this ~ day of ev, 2009. Mayor -Presiding Officer Attest: Clerk of Council CITY OF DUBLIN_ Office of the Citv Manager 5200 Emerald Parkway • Dublin, OH 43017-1006 Phone:614-410-4400 •Fax:614-410-4490 To: Members of Cotmcil / From: Terry Foegler, City Manager "7~( Date: September 3, 2009 Initiated Br: Paul A. Hammersmith, P.E., Director of Engineering/City Engineer Jean-Ellen M. Willis, P.E., Engineering Manager- Transportation Catroline M. Justice, P.E., Civil Engineer Memo Re: Resolution No. 42-09 -Emerald Parkway Phase 8 -Riverside Drive to Billingsley Creek Ohio Public Works Commission Round 24 Grant Application Summary The District Three Public Works Integrating Committee of the Ohio Public Works Commission has available grant and/or loan funds for infrastructure improvements through the Local Transportation Improvement Program (LTIP) and/or the State Capital Improvement Program (SLIP). Staff is presently preparing the necessary documentation to complete The required application for Emerald Parkway Phase 8, Riverside Drive to Billingsley Creek, Project No. 07-008-CIP. The two funding sources available through this Grant application are LTIP and SCIP. LTIP funds are available through the federal government via the per gallon federal gas tax. This money becomes available July 1, 2010 and is distributed through grants only. SCIP funds are supported by the sale of state bonds. This money is also available July 1, 2010 and is distributed in the form of grants and loans. No local match is required with the LTIP application, whereas a SO percent local match is required with the SCIP application. The total estimated project cost for the last remaining portion of Emerald Parkway is approximately $13,621,900, which includes final design, bidding construction, inspection services, right-of-way acquisition and contingences. To secure the best possible scoring of the submitted application, staff is requesting approximately $667,473 in LTIP grant funding and $999,999 in SCIP loan funding. The loan is a 0 percent interest loan for 20 years. Funds received from either source will provide assistance with cash flow associated with this project. This project will be funded tlu'ough several TIF Districts (McKitrick, Kroger Centre and Lifetime Fitness) that have designated Emerald Parkway as a public infrastructure improvement benefiting the ptaperty/development within a district. Recommendation Staff recommends Council approval of Resolution 42-09, authorizing and directing the City Manager to apply to District Three Public Works Integrating Committee and the Ohio Public Works Conmiission for financial assistance for the Emerald Parkway Phase 8, Riverside Drive to Billingsley Creek project. Further, Resolution 42-09 will authorize and direct the City Manager Yo enter into any agreements as may be necessary and appropriate for obtaining this financial assistance; should the grant receive favorable consideration.