Explanation
1. BACKGROUND:
This legislation authorizes the Director of Public Utilities to reimburse the Columbus Regional Airport Authority (CRAA) for sanitary sewer improvements in connection with their Rail Campus East/West Projects. The CRAA agreed to incorporate the installation of two sanitary sewer lines into their Rickenbacker International Airport area project.
2. FISCAL IMPACT:
This legislation includes a transfer and appropriation of funds within the Sanitary Sewer Revenue Bonds Fund and an amendment to the 2008 Capital Improvements Budget to allow sufficient cash and authority to be available in the proper project to cover the necessary expenditure.
Title
To authorize the Director of Public Utilities to reimburse the Columbus Regional Airport Authority for the installation of two sanitary sewers, in coordination with the Columbus Regional Airport Authority's Rail Campus East/West Projects near Rickenbacker Airport; to amend the 2008 Capital Improvements Budget; to authorize the transfer, appropriation, and expenditure of $972,392.59 from the Sanitary Sewer Revenue Bonds Fund, for the Division of Sewerage and Drainage. ($972,392.59)
Body
WHEREAS, the Columbus Regional Airport Authority (CRAA), at the request of the Division of Sewerage and Drainage, Department of Public Utilities has incorporated the installation of sanitary sewer improvements into the CRAA's Rail Campus East/West Projects; and
WHEREAS, the installation of this sanitary infrastructure provides sewer services to the area and greatly improves the development opportunities at Rickenbacker; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer and appropriate funds within the Sanitary Sewer Revenue Bonds Fund; and
WHEREAS, it is necessary to authorize an amendment to the 2008 Capital Improvements Budget for purposes of creating and providing sufficient funding and expenditure authority for the aforementioned project expenditures; and
WHEREAS, it is necessary for City Council to authorize the expenditure of funds from the Sanitary Sewer Revenue Bonds Fund; and
WHEREAS, the Division of Sewerage and Drainage, Department of Public Utilities is requesting that this Council authorize the Director of Public Utilities to reimburse the CRAA for the installation of sanitary sewer improvements at the earliest practicable date; Now, Therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of Public Utilities be and hereby is authorized to reimburse the CRAA for sanitary sewer installation services performed by them in relation to their Rail Campus East/West Project; in the amount of $972,392.59;
Section 2. That the City Auditor be and hereby is authorized and directed to increase the appropriation in the amount of $972,392.59 in the Sanitary Sewer Revenue Bonds Fund No. 665| Division 60-05| Object Level Three No. 6630 | Object Level One No. 10.
Section 3. That the City Auditor is hereby authorized and directed to transfer and appropriate $972,392.59 from within the Sanitary Sewer Revenue Bond Fund | Fund No. 665 | Div. 60-05 | OBJLVL3: 6630 | Division of Sewerage and Drainage as follows:
FROM:
Proj. No. | Proj. Name | OCA | Amount
665999 | Fd 665 60-05 Unallocated Balance | 665999 | $972,392.59
TO:
Proj. No. | Proj. Name | OCA | Amount
650491-100003 | Big Walnut/ Rickenbacker Sanitary Sewer | 665491 | $972,392.59
Section 4. That the 2008 Capital Improvements Budget Ordinance No. 0690-2008 is hereby amended as follows, to create and provide sufficient budget authority for the award of the agreement stated herein, and to supply necessary budget authority in the proper projects for the funds remaining cash.
Project No. | Project Name | Current Authority | Revised Authority | (Change)
650491-100003 | Big Walnut/ Rickenbacker Sanitary Sewer | $0.00 | $741,129 | (+$741,129)
650491-100004 | Big Walnut/ Rickenbacker Sanitary Sewer | $0.00 | $231,264 | (+$231,264)
Section 5. The for the purpose of reimbursing the CRAA for the construction services referenced herein, the expenditure of $972,392.59 is hereby authorized from within the Sanitary Sewer Revenue Bond Fund | Fund No. 665| Div.: 60-05| Big Walnut/Rickenbacker Sanitary Sewer | Proj.No. 650491 | OCA Code 665491 | OBJLVL3: 6630.
(650491.3 for $741,128.79 and 650491.4 for $231,263.80)
Section 6. 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 7. 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 8. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
Section 9. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.