Explanation
BACKGROUND: To declare the necessity of installing a high pressure sodium street lighting system under the assessment procedure. Property owners have submitted a petition for a high pressure sodium street lighting system with ornamental poles and underground wiring for the Sharon Woods Collector Streets, including: Sharon Woods Boulevard from East Dublin Granville Road to Schrock Road and Beechcroft Road from East Dublin Granville Road to Sharon Woods Boulevard.
FISCAL IMPACT: The determined amount to be paid for the City's share under the assessment procedure is $71,000.00.
Title
To authorize the Director of the Department of Public Utilities, on behalf of the Division of Electricity, to declare the necessity of installing ornamental street lighting with underground wiring for the Sharon Woods Collector Streets under the assessment procedure.
Body
WHEREAS, property owners have submitted a petition for a high pressure sodium street lighting system with ornamental poles and underground wiring for the Sharon Woods Collector Streets, including: Sharon Woods Boulevard from East Dublin Granville Road to Schrock Road and Beechcroft Road from East Dublin Granville Road to Sharon Woods Boulevard; now, therefore,
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That it is necessary to install a high pressure sodium street lighting system with ornamental poles and underground wiring for Sharon Woods Collector Streets, including: Sharon Woods Boulevard from East Dublin Granville Road to Schrock Road and Beechcroft Road from East Dublin Granville Road to Sharon Woods, in the City of Columbus, Ohio, in accordance with the plans, specifications and estimate of the proposed improvement prepared by the Administrator of the Division of Electricity, which are hereby approved.
SECTION 2. That the installation of said street lights shall be shown on the plans, to wit drawing number 13E0197 of the files of the Administrator of the Division of Electricity of the Department of Public Utilities, which are by reference made a part hereof.
SECTION 3. That the whole cost of said improvement, less the City portion, shall be assessed per front foot in proportion to the special benefits which may result from the improvement upon the following described residential lots and lands, which said lots and lands are hereby determined to be specially benefited equally by said improvement, and in an amount to be determined.
SECTION 4. That the assessment so to be levied shall be paid in twenty semi-annual installments, with interest on deferred payments at a rate not exceeding the prevailing interest rate; provided that the owner of any property assessed may, at his option, pay such assessment or any number of installments of the same, at any time after such assessment has been levied.
SECTION 5. That notes of the City of Columbus, Ohio, shall be issued in anticipation of the issuance of bonds to be issued in anticipation of collection of the assessments by installments, and in an amount equal thereto.
SECTION 6. That the City portion of the entire cost of improvement shall be paid from the Electric Enterprise Funds.
SECTION 7. That this resolution shall take effect and be in force from and after the earliest period allowed by law.