Resolutions-2013-128

B) 2013 Capital Improvements Project: The following projects are included as part of the City's 2013 Capital Improvements Project: 1) Name of Project: Old Town Watermain Improvements Project Name of Urban Renewal Area: Tiffin Urban Renewal Area Year of Establishment of Urban Renewal Area: 2013 Date of Council Approval of Project: June 26, 2013 Description of Old Town Watermain Improvements Project: The City identified certain properties situated in Old Town as blighted properties (the "Blighted Properties") in the Area in the November 2012 Amendment. The Old Town Watermain Improvements Project will consist of the construction of new watermains and necessary appurtenances for the alleviation of blight on the Blighted Properties. Description of Properties to be Acquired in Connection with Old Town Watermain Improvements Project: The City will acquire such easement territory and right-of-way as are necessary to successfully undertake the Old Town Watermain Improvements Project. Description of Location and Use of TIF for the Old Town Watermain Improvements Project: It is anticipated that the City will pay for the Old Town Watermain Improvements Project with either borrowed funds or the proceeds of an internal advance of City funds on-hand. In either case, the City's obligation will be repaid with incremental property tax revenues. It is anticipated that the City's use of incremental property tax revenues for Old Town Watermain Improvements Project will not exceed $200,000. 2) Name of Project: Island Removal at Roberts Ferry Road Project Name of Urban Renewal Area: Tiffin Urban Renewal Area Year of Establishment of Urban Renewal Area: 2010 Date of Council Approval of Project: June 26, 2013 Description of Island Removal at Roberts Ferry Road Project: The Island Removal at Roberts Ferry Road Project will consist of replacing the islands situated on Roberts Ferry Road lying north and south of its intersection with Oakdale Boulevard with flat PCC pavement and will include such other work incidental thereto including painting pavement markings. Description of Properties to be Acquired in Connection with Island Removal at Roberts Ferry Road Project: The City will acquire such easement territory and right-of-way as are necessary to successfully undertake the Island Removal at Roberts Ferry Road Project.