.Explanation
BACKGROUND:
This legislation authorizes the Director of Public Utilities to enter into a construction contract with the Complete General Construction Company in connection with the Sanitary System Rehabilitation-Downtown Small Diameter Sewer Improvements Project.
2. FISCAL IMPACT:
The Division is requesting authority to transfer funds from the Sewer System Reserve Fund to the 1991 Voted Sanitary Bond Fund for purposes of providing the temporary funding needed until such time as bonds can be sold. The Division has sufficient spending authority within the proposed 2006 Capital Improvements Budget to fund this project.
Title
To Authorize the Director of Public Utilities to enter into contract with the Complete General Construction Company, for the construction of the Sanitary System Rehabilitation-Downtown Small Diameter Sanitary Sewer Improvements Project, to authorize the appropriation, transfer and expenditure of $1,314,375.90 from the Sewer System Reserve Fund to the Voted Sanitary Bond Fund for the Division of Sewerage and Drainage. ($1,314,375.90)
Body
WHEREAS, one competitive bid for the construction of the Sanitary System Rehabilitation-Downtown Small Diameter Sewer Improvements Project, were received on June 7, 2006; and
WHEREAS, it is necessary for City Council to authorize the Director of the Department of Public Utilities to award and execute a contract for the construction of the Sanitary System Rehabilitation-Downtown Small Diameter Sewer Improvements Project; and to authorize the transfer of the required funds within the Voted Sanitary Bond Fund; at the earliest practicable date, now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That from the unappropriated monies in the Sewer System Reserve Fund, and from all monies estimated to come into said fund from any and all sources, and unappropriated for any other purpose during the fiscal year ending December 31, 2006, the sum of $1,314,375.90 is hereby appropriated to the Division of Sewerage and Drainage, Division No. 60-05| Object Level One: 10| Object Level Three: 5502| OCA Code 901654.
Section 2. That the City Auditor is hereby authorized to transfer $1,314,375.90 from the Sewer System Reserve Fund to the Voted Sanitary Bond Fund No. 664, into the Sanitary System Rehabilitation Project Account No. 650404; at such time as deemed necessary by him and to expend said funds, or so much thereof as may be necessary.
Section 3. That the amount of $1,314,375.90 is hereby appropriated for the Sanitary System Rehabilitation Project Account No. 650404, within the Voted Sanitary Bond Fund No. 664| Division 60-05| OCA Code 655266| Object Level Three No. 6630.
Section 4. That the Director of Public Utilities be, and hereby is, authorized to enter into contract with the Complete General Construction Company, Inc., 1221 East Fifth Avenue, Columbus, Ohio 43219; and to pay up to a maximum amount of $1,314,375.90, for sewer construction and rehabilitation services required in connection with the above referenced project, in accordance with the terms and conditions as shown in the contract on file in the Sewer System Engineering Section of the Division of Sewerage and Drainage.
Section 5. That for the purpose of paying the cost of the contracts authorized within Sections 4 herein, the expenditure of $1,314,375.90, is hereby is authorized from the Voted Sanitary Bond Fund No. 664| Project 650404| OCA Code 655266| Object Level Three No. 6630.
Section 6. That the City intends that this ordinance constitutes an "official intent" for purposes of Section 1.150-2(e) of the Treasury Regulations promulgated pursuant to the Internal Revenue Code of 1986, as amended.
Section 7. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.