Explanation
BACKGROUND: This legislation will enable the Department of Public Utilities, Division of Electricity, to proceed with the installation of a high pressure sodium street lighting system with ornamental poles and underground wiring in the Madison Mills Subdivision, including: Marsha Drive, Wintercress Court, Millrace Road, Chaney Place, Barley Circle, Bonne Circle, Bayberry Circle, Briarbush Drive, Briarbush Court, Poppyseed Court, Buggy Whip Lane, Moonlight Lane, Planters Court, Buckwheat Court, Plateau Street, Oldentime Court, Springtime Court, Wintertime Drive, Bartle Drive, Four Seasons Drive, Millview Drive, Millview Court, Acres Drive, Thimbleberry Road, Greenery Drive and Millstone Road from Williams Road to Millview Drive, under the assessment procedure.
FISCAL IMPACT: The determined amount to be paid for the Division of Electricity's share under this assessment procedure is $112,000.00.
Title
To authorize the Department of Public Utilities, Division of Electricity, to proceed with the installation of a high pressure sodium street lighting system with ornamental poles and underground wiring in the Madison Mills Subdivision under the assessment procedure.
Body
WHEREAS, it is necessary to proceed with the installation of a high pressure sodium street lighting system with ornamental poles and underground wiring in the Madison Mills Subdivision, including: Marsha Drive, Wintercress Court, Millrace Road, Chaney Place, Barley Circle, Bonne Circle, Bayberry Circle, Briarbush Drive, Briarbush Court, Poppyseed Court, Buggy Whip Lane, Moonlight Lane, Planters Court, Buckwheat Court, Plateau Street, Oldentime Court, Springtime Court, Wintertime Drive, Bartle Drive, Four Seasons Drive, Millview Drive, Millview Court, Acres Drive, Thimbleberry Road, Greenery Drive and Millstone Road from Williams Road to Millview Drive; and
WHEREAS, a Board of Revision appointed and acting in the pursuance of Resolution 196X-2004, adopted by City Council on September 13, 2004, respectfully approved the estimated assessment for the cost and expense of the improvement; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That it is hereby determined to proceed with the installation of a high pressure sodium street lighting system with ornamental poles and underground wiring in the Madison Mills Subdivision, including: Marsha Drive, Wintercress Court, Millrace Road, Chaney Place, Barley Circle, Bonne Circle, Bayberry Circle, Briarbush Drive, Briarbush Court, Poppyseed Court, Buggy Whip Lane, Moonlight Lane, Planters Court, Buckwheat Court, Plateau Street, Oldentime Court, Springtime Court, Wintertime Drive, Bartle Drive, Four Seasons Drive, Millview Drive, Millview Court, Acres Drive, Thimbleberry Road, Greenery Drive and Millstone Road from Williams Road to Millview Drive, by installing poles, fixtures, power cable and conduit, constructing control facilities and doing such other things as may be necessary in the City of Columbus, Ohio, in accordance with Resolution 074X-2004, adopted by Council on April 19, 2004; and in accordance with the plans, specifications and estimate of cost therefor approved and now on file in the office of the Department of Public Utilities.
SECTION 2. That all claims for damages resulting therefrom shall be judicially inquired into after completion of the proposed improvement, and the City Attorney be and he is hereby authorized and directed to institute proceedings in a court of competent jurisdiction to inquire into such claims in the event any such claims are filed with the clerk within the period permitted by law.
SECTION 3. That the whole cost of said improvement, together with interest on notes issued in anticipation of the issuance of bonds and on bonds issued in anticipation of the collection of the assessment to be levied for said improvements, less the City share not to exceed 30%, with the balance to be assessed in proportion to the benefits which may result from the improvement of the property bounding or abutting upon the improvement.
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 the 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 the collection of assessments by installments and in an amount equal thereto.
SECTION 6. That the Director of Public Utilities be and is hereby authorized and directed to make and execute a contract for said improvement with the lowest and best bidder.
SECTION 7. That this ordinance shall take effect and may be in force from and after the earliest period allowed by law.