Westerville is ready to move forward with the extension of Worthington Road to Polaris Parkway.
Westerville City Council approved issuing $10.1 million in bonds at its July 2 meeting to fund the expansion of the roadway, along with engineering and inspection costs.
Council also approved pieces of legislation that will allow city employees to move forward with engineering work, right-of-way acquisition and utility relocation for the project, and authorized the city manager to seek bids for the project.
The expansion, which is expected to cost $7.9 million for construction, will create another north-south connector between Polaris Parkway and County Line Road west of Cleveland Avenue, and directly west of Alum Creek. An stub-road extension to Old Worthington Road will connect to the north-south roadway at a roundabout -- the first to be built in Westerville.
The new roadway will serve a 504-unit apartment complex, planned to be constructed next year by developers NP Limited and Trivium.
In June, City Council approved a tax-increment-financing district for the area that will cover the cost of construction for the roadway, a bike path and a planned 8-acre park adjoining the apartment development.
"The road will be paid for by the development through service payments made through the TIF," Assistant City Manager Julie Colley told council.
City staff members and the developers have agreed on a path for the road, and the city is ready to move forward with the engineering and design work, according to a report issued to council with the legislation.
Colley said with council's approval, the city will begin issuing bonds for the project this summer.
The city also will begin advertising the project to contractors this summer to garner bids for the roadway construction, said Karl Craven, Westerville planning and development director .
City staff plans to have a contract for the project ready to be approved by council in October.