Explanation
BACKGROUND: This legislation authorizes the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement agreement with REFSEWCO, Inc. for upgrades to the Refugee Road 54" Storm Sewer.
Upon passage of this Ordinance the City of Columbus will agree to pay a guaranteed maximum reimbursement of $300,254.03 to REFSEWCO, Inc, for construction improvements on the Refugee Road 54" Storm Sewer. The developer has agreed to construct the improvements at their cost and then obtain reimbursement from the City.
Storm discharge from Kensington Commons area is entering an undersized City of Columbus storm sewer inlet and a larger diameter inlet will mitigate any potential of storm discharge.
A guaranteed maximum cost reimbursement with REFSEWCO, Inc. provides that they construct the public improvement on the City's behalf; that the project is publicly bid and subject to reimbursement agreement with the City.
FISCAL IMPACT: Funds for this expenditure are available within the Storm Recovery Zone Super Build America Bonds Fund. The maximum amount of reimbursement provided within the Guaranteed Maximum Cost agreement authorized to be expended by the Ordinance is $300,254.03.
EMERGENCY: Project will immediately aid in the safety, health and property damage at the reference project location. The quicker the project is installed, the more immediate relief is provided to the residents.
Title
To authorize the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement agreement with REFSEWCO, Inc. pursuant to Section 186 of the Columbus City Charter for the construction of needed improvements to the Refugee Road Storm Sewer for the Division of Sewerage and Drainage; to authorize the expenditure of $300,254.03 from the Storm Recovery Zone Super Build America Bonds Fund; and to declare an emergency. ($300,254.03)
Body
WHEREAS, the Director of Public Utilities needs to enter into a Guaranteed Maximum Reimbursement agreement with REFSEWCO, Inc. for improvements to the Refugee Road 54" Storm Sewer; and
WHEREAS, the Department of Public Utilities will pay a guaranteed maximum reimbursement of $300,254.03; and
WHEREAS, it is necessary for the City Council to authorize the expenditure of funds from the Storm Recovery Zone Super Build America Bonds Fund;
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Sewerage and Drainage in that it is immediately necessary to enter into a Guaranteed Maximum Reimbursement Agreement with REFSEWCO, Inc. for the Refugee Road 54" Storm Sewer Extension Project, to alleviate flooding in the area; for the 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 Director of Public Utilities is authorized to enter into a Guaranteed Maximum Reimbursement agreement with REFSEWCO, Inc. pursuant to Section 186 of the Columbus City Charter for the construction of improvements to the Refugee Road 54" Storm Sewer, for the Division of Sewerage and Drainage.
SECTION 2. That for paying the cost of this improvement, the Guaranteed Maximum Reimbursement up to and including $300,254.03 is hereby authorized from the Storm Recovery Zone Super Build America Bonds Fund, Fund No. 677, Dept./Div/ 60-15, OCA Code 677601, Object Level One 06, Object Level Three 6621, Project Number 610601-100000, to pay the cost thereof.
SECTION 3. 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 4. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
SECTION 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this Ordinance.
SECTION 6. That for 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.