Explanation
BACKGROUND: This legislation authorizes the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement agreement with the Franklin County Engineer's Office for the construction of City street lights associated with the Franklin County Project FRA-CR52-4.48, known as the Dodridge Street over Olentangy River project. The Franklin County Engineer's Office has agreed to construct the improvements at their cost and then obtain reimbursement from the City. Upon passage of this Ordinance the City of Columbus will agree to pay a guaranteed maximum reimbursement amount of $118,741.00 to the Franklin County Engineer's Office.
A guaranteed maximum cost reimbursement with the Franklin County Engineer's Office provides that they construct the public improvements on the City's behalf; that the project is publicly bid and subject to the reimbursement agreement with the City.
Emergency action is requested as the improvements are of immediate concern due to the project staying on schedule and the project cannot commence until the City has entered into an executed guaranteed maximum reimbursement agreement with the Franklin County Engineer's Office.
Fiscal Impact
This ordinance identifies funds in the amount of $118,741.00 from the Electricity Build America Bonds Fund to fund these necessary improvements. The maximum amount of reimbursement to be expended by the Ordinance is $118,741.00.
Title
To authorize the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement agreement with the Franklin County Engineer's Office, pursuant to the Columbus City Charter, for the construction of street lighting improvements associated with the Dodridge Street Bridge over Olentangy River Project; to authorize the transfer and expenditure of $118,471.00 from the Build America Bonds Fund; to amend the 2011 Capital Improvements Budget; and to declare an emergency. ($118,471.00)
Body
WHEREAS, the Director of Public Utilities needs to enter into a Guaranteed Maximum Reimbursement agreement with the Franklin County Engineer's Office, for street light improvements associated with the Franklin County Project FRA-CR52-4.48 (Dodridge Street Bridge over Olentangy River); and
WHEREAS, the Department of Public Utilities will pay a guaranteed maximum reimbursement of $118,471.00; and
WHEREAS, it is necessary to authorize an amendment to the 2011 Capital Improvements Budget for purposes of providing sufficient funding and spending authority for the aforementioned project expenditures; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds within the Build America Bond Fund; and
WHEREAS, an emergency exists in the usual daily operation of the Division of Power and Water, Department of Public Utilities, in that it is immediately necessary to enter into a Guaranteed Maximum Reimbursement agreement with the Franklin County Engineer's Office for the construction of City street lighting improvements associated with Franklin County's Project FRA-CR52-4.48 (Dodridge Street Bridge over Olentangy River), thereby preserving 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 the Franklin County Engineer's Office, pursuant to Section 186 of the Columbus City Charter for the construction of City street lighting improvements associated with Franklin County's Project FRA-CR52-4.48 (Dodridge Street Bridge over Olentangy River), for the Division of Power and Water.
SECTION 2. That the City Auditor is hereby authorized and directed to transfer $118,471.00 within the Division of Power and Water, Dept/Div. No. 60-07, Build America Bonds Fund, Fund No. 559, Object Level One 06, Object Level Three 6625, as follows:
TRANSFER FROM:
Project No. | Project Name | OCA Code | (change)
670620-100000 | 60-07 Streetlight Imps/Betterment | 559620 | (-$118,471.00) |
TRANSFER TO:
Project No. | Project Name | OCA Code | (change)
670201-100000 | Dodridge St. Bridge Streetlight Imps | 559201| (+$118,471.00) |
SECTION 3. That the 2011 Capital Improvements Budget Ordinance No. 0266-2011 is hereby amended as follows:
AMENDED FROM:
Project No. | Project Name | Current Authority | Revised Authority | (change)
670620-100000 | 60-07 Streetlight Imps/Betterment | $199,673 | $81,202 | (-$118,471.00)
AMENDED TO:
Project No. | Project Name | Current Authority | Revised Authority | (change)
670201-100000 | Dodridge St. Bridge Streetlight Imps | $0 | $118,471 | (+$118,471.00)
SECTION 4. That for paying the cost of this improvement, the Guaranteed Maximum Reimbursement up to and including $118,471.00 is hereby authorized from the Build America Bonds Fund, Fund No. 559, Department 60, Division 07, OCA Code 559201, Object Level One 06, Object Level Three 6625, Project Number 670201-100000, to pay the cost thereof.
SECTION 5. 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 6. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
SECTION 7. 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 8. That for 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.