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Section 2. The total cost of the project is estimated to be $1,348,586, of which Lakewood, <br />if awarded the funds, commits to pay at least twenty (20%) percent (hereinafter known as the local <br />portion) of the actual cost, estimated to be $500,586. The local portion shall be funded by <br />Lakewood's use of Capital funds. Lakewood further agrees to pay One Hundred Percent (100%) <br />of the cost over and above the maximum amount provided by the OARC and for all non- <br />participating costs associated with project development activities. <br />Section 3. Upon completion of the described Project, and unless otherwise agreed, <br />Lakewood shall: (1) provide adequate maintenance for the described Project in accordance with <br />all applicable state and federal laws, including, but not limited to, 23 USC 116; (2) provide ample <br />financial provisions, as necessary, for the maintenance of the described Project; (3) if necessary, <br />maintain the right-of-way, keeping it free of obstructions; and (4) if necessary, hold said right-of- <br />way inviolate for public highway purposes. <br />Section 4. If the application is approved for funding, the Mayor, Public Works Director, <br />Law Director, or City Engineer of Lakewood is hereby authorized to enter into a contract with the <br />Director of the Ohio Department of Transportation necessary to complete the above -described <br />project on behalf of Lakewood. <br />Section 5. It is found and determined that all formal actions of this Council concerning and <br />relating to this Resolution were adopted in an open meeting of this Council, and that all <br />deliberations of this Council and of any of its committees that resulted in such formal actions were <br />in meetings open to the public in compliance with all legal requirements, including Section 121.22 <br />of the Ohio Revised Code. <br />Section 6. That this Resolution is hereby declared to be an emergency measure for the <br />reasons set forth in the preamble to this Resolution, and provided it receives the affirmative vote <br />of at least two thirds of its members, this Resolution shall take effect and be in force immediately <br />upon its adoption by the, Council and approval by the Mayor otherwise; otherwise, it shall take <br />effect and be in force after the earliest period allowed by law. <br />Adopted: .10x) <br />Approved: <br />itten, President of Council <br />Haneen Hamideh, Acting Clerk of Council <br />Megha F. George, Mayor <br />