Title
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT WITH THE CITY OF STOW FOR COOPERATION AND COST SHARING FOR THE NORTON ROAD / STATE ROUTE 91 IMPROVEMENT PROJECT (PID 93452); AND DECLARING AN EMERGENCY.
Executive Summary: This project is located at the border between the Cities of Hudson and Stow, Ohio. The two cities are partnering on the project, with the City of Hudson taking the lead during the project. Both Cities applied for and were awarded federal transportation funds ($1,680,000) through the local Metropolitan Planning Organization - Akron Metropolitan Area Transportation Study (AMATS).
Body
Legislative History
11-111-Authorized to apply for STP Funding through AMATS
12-136-Authorized the LPA Agreement
Purpose & Explanation
The purpose of this agreement is to memorialize the sharing of costs between the Cites of Hudson and Stow. All costs not covered by federal or state funding associated with the Norton Road & Darrow Road (SR 91) Intersection Improvement Project, PID No. 93452 shall be split (50%/50%) between the municipalities. This includes but is not limited to all projects costs: design, environmental, utility, right of way, construction, inspection, and contingency costs. Furthermore, the City staffs will cooperate and share information and review of project related materials as necessary. All costs will be paid directly by the municipalities. Therefore, a given invoice will be paid half by Hudson and half by Stow with neither city requiring reimbursement from the other.
Timing Considerations
Once this resolution is approved, City staff will have the Cooperation and Cost Sharing Agreement executed by the appropriate parties.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends that City Council approve the Cooperation and Cost Sharing (50%/50%) Agreement between the City of Stow and the C...
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