Explanation
BACKGROUND: To obtain the Division of Electricity's objectives of Project 2020 and its mission statement to provide reliable street lighting, capital expenditures are necessary for the purchase of materials and services for the construction of street lighting projects. These materials and services will be obtained, as needed, in compliance with the provisions of Columbus City Code, Chapter 329 and Title 39. This legislation also authorizes a transfer of funds within to the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund and an amendment to the 2002 Capital Improvements Budget. The CIB amendment reflects an auditor's certificate cancellation that will provide additional budget authority.
FISCAL IMPACT: Funding is from the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund. This legislation authorizes the transfer and the expenditure of funds.
Title
To amend the 2002 Capital Improvements Budget; to authorize the transfer of $11,291.31 within the Voted Street Lighting and Electricity Distribution Fund; to authorize capital expenditures for the purchase of materials and services required for the construction of street lighting projects; and to authorize the expenditure up to an amount not to exceed $47,000.00 from the Voted Street Lighting and Electricity Distribution Improvements Fund. ($47,000.00)
Body
WHEREAS, the Division of Electricity requires capital expenditures for the construction of street lighting projects; and
WHEREAS, said capital expenditures will be in accordance with Columbus City Codes, Chapter 329; and
WHEREAS, an amendment to the 2002 Capital Improvements Budget Ordinance 1674-02 is necessary to reflect the additional authority made available from an auditor's certification cancellation; and
WHEREAS, transfer of funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund is necessary to provide funding in the appropriate project; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That capital expenditures, in an amount not to exceed $47,000, required by the Division of Electricity during the construction of street lighting projects shall be in accordance with the provisions of Chapter 329 and Title 39 of the Columbus City Codes, 1959, and are hereby authorized.
SECTION 2. That the 2002 Capital Improvements Budget Ordinance No. 1674-02 is hereby increased as follows, to provide sufficient budget authority for capital expenditures necessary for the construction of street lighting projects as stated in Section 1.
DIVISION OF ELECTRICITY, DIVISION 60-07
PROJECT PROJECT CURRENT AMENDED
FUND NUMBER NAME CIB AMOUNT CIB AMOUNT
553 670003 Street Lighting 1,103,225 1,114,516
553 670103 138KV Line North/ 1,801 -0-
Morse Road
SECTION 3. That the City Auditor is hereby authorized and directed to transfer $11,291.31 within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund No. 553, from Project No. 670103, 138KV Line North/Morse Road, OCA 644369, Object Level Three 6621, to Project No. 670003, Street Lighting, OCA 675017, Object Level Three 6625.
SECTION 4. That to pay the cost of the aforesaid capital expenditures, the expenditure up to an amount not to exceed $47,000.00, or so much thereof as may be needed, is hereby authorized from Voted Street Lighting and Electricity Distribution Improvement Fund 553, Division No. 60-07, Project 670003, OCA 675017, Object Level Three 6625.
SECTION 5. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.