Title
AN ORDINANCE AMENDING ORDINANCE NO. 12-169 MAKING APPROPRIATIONS FOR THE CURRENT EXPENSES AND OTHER EXPENDITURES OF THE CITY OF HUDSON DURING THE FISCAL YEAR ENDING DECEMBER 31, 2013 BY MAKING APPROPRIATIONS RELATED TO THE STATE OF OHIO ROAD DEVELOPMENT 629 GRANT.
Executive Summary: The City applied for a Road Development 629 Grant through the Ohio Development Services Agency (formerly Ohio Department of Development (ODOD)) to cover a portion of the cost of construction of a new road that will service the new Seasons Road Commerce Center. The City needs to pay the cost of construction to the vendor (Geis Construction, Inc) and will be reimbursed by ODSA.
Body
Legislative History
Resolution 11-56 authorized the City Manager to apply for the ODSA Road Development 629 grant.
Purpose & Explanation
The new road is being constructed as part of the new Seasons Greene Eco-Industrial Park. Our understanding was the contractor, Geis Construction, could invoice ODSA and be reimbursed for the grant. However, we were recently informed the City would need to pay Geis then submit the paid invoices to ODSA for reimbursement. We would be reimbursed within 30 days of submitting the request. The estimated completion date of the project is June 30, 2013.
Timing Considerations
None
Fiscal Impact
Currently Budgeted
X Supplemental Appropriation Required
Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends Council approve $710,000 in appropriations to allow the City to pay for a portion of the construction of the new road.
Submitted by,
Jeff Knoblauch
Finance Director