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ORDINANCE submitted by Sheryl M. M. Long, City Manager, on 2/5/2025, ESTABLISHING new capital improvement program project account no. 980x233x252366, "Central Parkway Bikeway Phase 3 Transit Grant," to provide resources for the Central Parkway Bikeway Phase 3 project; ESTABLISHING new capital improvement program project account no. 980x233x252368, "Ridge Avenue Transit Grant," to provide resources to rehabilitate Ridge Avenue; ESTABLISHING new capital improvement program project account no. 980x233x252369, "Victory Parkway Transit Grant PID 117208," to provide resources for improvements to Victory Parkway; AUTHORIZING the City Manager to accept a grant of up to $10,000,000 from the Southwest Ohio Regional Transit ("SORTA") Metro Transit Infrastructure Fund ("MTIF"); AUTHORIZING the City Manager to appropriate SORTA MTIF grant resources as follows: (1) up to $2,500,000 to newly established capital improvement program project account no. 980x233x252366, "Central Parkway Bikeway Phase 3 Transit Grant"; (2) up to $1,500,000 to newly established capital improvement program project account no. 980x233x252368, "Ridge Avenue Transit Grant"; and (3) up to $6,000,000 to newly established capital improvement program project account no. 980x233x252369, "Victory Parkway Transit Grant PID 117208"; AUTHORIZING the Director of Finance to deposit SORTA MTIF grant resources as follows: (1) up to $2,500,000 to newly established capital improvement program project account no. 980x233x252366, "Central Parkway Bikeway Phase 3 Transit Grant"; (2) up to $1,500,000 to newly established capital improvement program project account no. 980x233x252368, "Ridge Avenue Transit Grant"; and (3) up to $6,000,000 to newly established capital improvement program project account no. 980x233x252369, "Victory Parkway Transit Grant PID 117208"; and AUTHORIZING the City Manager to enter into any agreements necessary for the receipt and administration of these grant resources.
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