Explanation
BACKGROUND: This legislation authorizes an amendment to the 2005 CIB, the transfer of funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund, and the reimbursement to the Division of Power and Water for labor and equipment costs incurred in the installation of various street lighting projects from January 17, 2006 through May 23, 2006.
Emergency action is requested in order that financial transactions may be completed and the Division of Power and Water reimbursed in a timely manner.
FISCAL IMPACT: The Division is requesting an amendment to the 2005 Capital Improvements Budget for purposes of establishing sufficient budget authority for this expenditure. In addition, this legislation includes a transfer of funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund.
Title
To amend the 2005 Capital Improvements Budget; to authorize the transfer of $4,073.03 within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund; and to authorize the reimbursement to the Division of Power and Water for labor and equipment costs incurred in the installation of various street lighting projects; to authorize the expenditure up to an amount not to exceed $72,826.28; and to declare an emergency. ($72,826.28)
Body
WHEREAS, the Division of Power and Water has incurred costs for labor and equipment necessary for the installation of various street lighting projects from its operating fund; and
WHEREAS, it is necessary to reimburse the Division of Power and Water for costs incurred in the construction of various street lighting projects; and
WHEREAS, it is necessary to transfer funds and budget authority within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund to provide funding in the appropriate projects for the reimbursement to the Division of Power and Water; and
WHEREAS, it is necessary to amend the 2005 Capital Improvements Budget to reflect the transfers between projects within Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Funds; and
WHEREAS, an emergency exists in the usual daily operations of the Department of Public Utilities, Division of Power and Water, in that it is immediately necessary to reimburse the Division of Power and Water for labor and equipment costs incurred in the installation of various street lighting projects, in an emergency manner in order that financial transactions may be completed and the Division of Power and Water reimbursed in a timely manner, for the immediate preservation of the public health, peace, property, safety and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the 2005 Capital Improvements Budget is hereby amended as follows:
CURRENT:
670003: Street Lighting - $561,225
670620: Streetlight Inspections/Betterment - $0
670628: Thurber Village Street Lighting Imp's - $268,499
670629: Alum Creek Street Lighting Imp's - $127,730
670776: Case Road Street Lighting Imp's - $0
670777: Walnut Bluffs Street Lighting Imp's - $0
AMENDED TO:
670003: Street Lighting - $557,077 (-$4,148)
670620: Streetlight Inspections/Betterment - $19 (+$19)
670628: Thurber Village Street Lighting Imp's - $269,402 (+$903)
670629: Alum Creek Street Lighting Imp's - $127,803 (+$73)
670776: Case Road Street Lighting Imp's - $900 (+$900)
670777: Walnut Bluffs Street Lighting Imp's - $2,253 (+$2,253)
SECTION 2. That the City Auditor is hereby authorized and directed to transfer $4,073.03 within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvement Fund, Fund No. 553, Object Level Three 6625, Division of Power and Water, Division 60-07, as follows:
TRANSFER FROM: 670003 - Street Lighting
OCA Code - 675017
TRANSFER TO:
Project # & Name OCA Code Amount
670620 - Streetlight Inspections/Betterment 670620 $ 18.10
670628 - Streetlight Inspections/Betterment 670628 $ 902.87
670776 - Case Road Street Lighting Imp's 553776 $ 899.75
670777 - Walnut Bluffs Street Lighting Imp's 553777 $ 2,252.31
$ 4,073.03
SECTION 3. That the reimbursement to the Division of Power and Water is hereby authorized for labor and equipment costs incurred in the installation of various street lighting projects up to an amount not to exceed $72,826.28, or so much thereof as may be needed, be and is hereby authorized from Division of Power and Water, Division No. 60-07, Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund, Fund No. 553, and is to be disbursed as follows:
PROJECT PROJECT OCA
NUMBER NAME CODE OL3 AMOUNT
670003 Street Lighting 675017 6625 $ 67,016.17
670605 Independence Village SL Imp's 670605 6625 $ 1,085.64
670620 Streetlight Inspections/Betterment 670620 6625 $ 18.10
670624 Pine Hills Street Lighting Imp's 670624 6625 $ 579.04
670628 Thurber Village Street Lighting Imp's 670628 6625 $ 902.87
670629 Alum Creek Street Lighting Imp's 670629 6625 $ 72.40
670776 Case Road Street Lighting Imp's 553776 6625 $ 899.75
670777 Walnut Bluffs Street Lighting Imp's 553777 6625 $ 2,252.31
Total $ 72,826.28
SECTION 4. That for the reasons stated in the preamble hereto which is hereby made a part hereof, this ordinance is 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.