Explanation
BACKGROUND: This legislation authorizes the City Auditor to transfer a total of $35,000.00 within the Storm Sewer Bond Fund; and amend the 2004 Capital Improvements Budget so as to allow sufficient funds and authority to acquire the necessary easements, professional services and administrative costs for the following Capital Improvements Project:
610712: Refugee Road Pump Station ST-24 - $35,000.00
EMERGENCY DESIGNATION: This ordinance is submitted as an emergency so as to allow the easements to be acquired as soon as possible to maintain project construction schedules.
FISCAL IMPACT: The projects for which this legislation requests fund transfer currently have insufficient balances to allow for the aforementioned expenditures. This transfer does not reflect any changes to the projects planned in the 2004 Capital Improvements Budget (CIB). The change is a temporary measure for the project that is being designed or constructed to maintain efficient cash flow within Stormwater CIB Funds will be made available for all approved projects as needed.
Title
To authorize the City Auditor to make an intra-subfund transfer of $35,000.00 within the Storm Sewer Bonds Fund for the Division of Sewerage and Drainage to provide the necessary capital projects funds for land acquisition services; to authorize an amendment to the 2004 Capital Improvements Budget to accommodate this transaction; and to declare an emergency. ($35,000.00)
Body
WHEREAS, it is required in the usual daily operation of the Division of Sewerage and Drainage, Department of Public Utilities, to maintain, upgrade and expand its storm sewer collection system; and
WHEREAS, it is necessary to transfer funds within the Storm Sewer Bonds Fund for land acquisition services for various projects; and
WHEREAS, it is necessary to authorize an amendment to the 2004 Capital Improvements Budget for purposes of providing sufficient funding and spending authority for the aforementioned project expenditures; and
WHEREAS, this transfer does not adversely affect any project in the 2004 Capital Improvements Budget; and
WHEREAS, an emergency exists in the usual daily operation of the Division of Sewerage and Drainage, Department of Public Utilities, in that it is immediately necessary to authorize the City Auditor to transfer funds within the Storm Sewer Bonds Fund; and to amend the 2004 Capital Improvements Budget to execute the aforementioned capital project related transaction, so as to allow the easements to be acquired as soon as possible to maintain project construction schedules, all for the preservation of the public health, peace, property and safety; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor is hereby authorized to transfer $35,000.00 within the Storm Sewer Bonds Fund, Fund 685, Division of Sewerage and Drainage, Division 60-15, as follows:
TRANSFER FROM: 610743; 685743; Springmont Avenue Stormwater Replacement; $15,000.00
610754; 685754; Southeast Industrial Park SSI; $20,000.00
TRANSFER TO: 610712; 685712; Refugee Road Pump Station ST-24; $35,000.00
Section 2. That the City Auditor is hereby authorized and directed to transfer any unencumbered balance in the project account to the unallocated balance within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies no longer required for said project; except that no transfer shall be made from a project account by monies from more than one source.
Section 3. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
Section 4. That the 2004 Capital Improvements Budget Ordinance No. 1059-2004 is hereby amended as follows, in order to establish sufficient funding authority:
CURRENT:
610743: Springmont Avenue Stormwater Replacement - $223,000.00
610712: Refugee Road Pump Station ST-24 - $0.00
610754: Southeast Industrial Park SSI - $125,000.00
AMENDED TO:
610743: Springmont Avenue Stormwater Replacement - $208,000.00 (-$15,000.00)
610712: Refugee Road Pump Station ST-24 - $15,000.00 (+$35,000.00)
610754: Southeast Industrial Park SSI - $105,000.00 (-$20,000.00)
Section 5. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.