OHIO TURNPIKE COMMISSION

Resolution Adopting Proposed Capital Budget for the

Year 2010 and Authorizing Other Actions

WHEREAS, the 2010 annual operating budget includes transfers of revenues to the

System Projects Fund, Renewal and Replacement Fund, Fuel Tax Fund and Service Plazas

Capital Improvement Fund; and

WHEREAS, the transfers of 2010 revenues to the System Projects Fund, Renewal and

Replacement Fund, Fuel Tax Fund and Service Plazas Capital Improvement Fund are intended

to be added to any unspent balances in these funds and the total to be available for capital

expenditures; and

WHEREAS, the Commission’s Executive Director, Chief Engineer and

CFO/Comptroller have recommended a preliminary list of 2010 capital projects, which list of

projects is subject to change, totaling up to $89,509,600.00; and

WHEREAS, the Commission’s Executive Director and Chief Engineer have reported

that an application for grant funds available under the Transportation Investment Generating

Economic Recovery Program (“TIGER”) has been submitted to United States Department of

Transportation for the reconstruction of the Tiffin River and Indian Meadows Service Plazas

located at Milepost 20.8 , in Williams County, and a decision regarding whether or not the

grant application will be approved will not be made until after February 15, 2010; and

WHEREAS, the Commission wishes to proceed with the reconstruction of the Service

Plazas during 2010 regardless of availability of TIGER grant funding; and

WHEREAS, should the TIGER grant funding not be received, the Commission wishes

to authorize the transfer of funds in the amount not to exceed $20,000,000.00 from the General

Reserve Fund to the System Projects Fund;

WHEREAS, the Commission’s Executive Director, Chief Engineer and

CFO/Comptroller have also recommended that the Commission proceed with those Roadway

Base Replacement and other Capital Projects that have been deferred during the last two years

as a result of the replacement of the toll audit system and electronic toll collection system;

NOW, THEREFORE, BE IT

RESOLVED that the Commission hereby authorizes expenditures on 2010 capital

projects which shall constitute System projects to the extent provided in the Trust Agreement

from the System Projects Fund, Renewal and Replacement Fund, Fuel Tax Fund and Service

Plazas Capital Improvement Fund, not to exceed a combined total of up to $89,509,600.00,

which projects will not be awarded except as provided by Article V of the Commission’s Code

of Bylaws dated March 17, 2003; and

FURTHER RESOLVED, that the Executive Director or the CFO/Comptroller are each

hereby authorized to transfer up to $20,000,000.00 from the General Reserve Fund to the

System Projects Fund in the event the Commission’s TIGER Grant Application for the

reconstruction of the Indian Meadows and Tiffin River Service Plazas located at MP 20.8 in

Williams County is denied ; and

FURTHER RESOLVED, that the Executive Director and the CFO/Comptroller or their

designees are each authorized to pursue and investigate available financing options to fund the

renewal and replacement of the original concrete base or such other capital projects as

identified in the attached Capital Budget.

(Resolution No. 34-2009 adopted December 18, 2009)