Explanation
BACKGROUND: This legislation authorizes an amendment to the 2005 Capital Improvements Budget to allow sufficient budget authority for the following Capital Improvements Project, for the Division of Sewerage and Drainage:
610704: Linden Ditch Area Wide Storm System Imp.
This is a companion piece to Ordinance Number 0458-2006. This piece allows the expenditure of funds from this project to reimburse Miracit Development Corporation for the construction of a stormwater detention pond and other stormwater capital improvements for Greenview Estates. This property is part of the Columbus Housing Initiatives project for affordable housing and will include environmentally friendly products and practices.
EMERGENCY DESIGNATION: This ordinance is submitted as an emergency in order to post the transaction concurrently with the companion expenditure piece, which is an emergency.
FISCAL IMPACT: The Division is requesting an amendment to the 2005 Capital Improvements budget for purposes of establishing sufficient budget authority for this expenditure. There is currently $125,000 in budget authority for this project. This amendment will transfer $728,082 from Project 610960 - Bexvie Avenue Stormwater System to provide sufficient authority.
Title
To authorize an amendment to the 2005 Capital Improvements Budget to allow sufficient budget authority for Miracit Development Corporation to construct stormwater capital improvements for Greenview Estates; and to declare an emergency.
Body
WHEREAS, Miracit Development Corporation will construct stormwater capital improvements for Greenview Estates on behalf of the Division of Sewerage and Drainage; and
WHEREAS, Ordinance No. 0458-2006 allows the Director of Public Utilities to execute an agreement to reimburse Miracit Development Corporation for these improvements; and
WHEREAS, it is necessary to authorize an amendment to the 2005 Capital Improvements Budget for purposes of providing sufficient budget authority for the aforementioned project expenditure; 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 amend the 2005 Capital Improvements Budget to execute the aforementioned capital project related transaction, in an emergency manner in order to post the transaction concurrently with the companion expenditure piece, for the immediate 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 2005 Capital Improvements Budget Ordinance No. 1070-2005 is hereby amended as follows, in order to establish sufficient funding authority:
CURRENT:
610704: Linden Ditch Area Wide Storm System Imp - $125,000
610960: Bexvie Avenue Stormwater System- $1,000,000
AMENDED TO:
610704: Linden Ditch Area Wide Storm System Imp - $853,082 (+$728,082)
610960: Bexvie Avenue Stormwater System - $271,918 (-$728,082)
Section 2. 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.