Explanation
1. BACKGROUND:
The purpose of this legislation is to authorize the return of funds from the State Issue Two Street Projects Fund to the original funds from which the Division of Transportation, Division of Power and Water and the Department of Recreation and Parks had provided their funding requirements in connection with the Henderson Road Improvements Project. This transfer will allow these Divisions to immediately reallocate these funds to meet current capital improvement project funding needs.
These funds were originally transferred within a previous ordinance (0039-2008) for purposes of providing the requesite funding for the Henderson Road Improvement Project. The anticipated award and subsequent construction schedule for this project has been delayed until the 2009 construction season, due to an extensive natural gas utility relocation project that was necessary to allow for this comprehensive roadway improvement project. The Division further anticipates submitting a legislative request for replacement funding authorization at the time the construction contract is awarded in 2009.
2. EMERGENCY DESIGNATION:
This ordinance is submitted as an emergency measure so as to allow the financial transaction to be posted in the city's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
3. FISCAL IMPACT:
This ordinance authorizes the cancellation of AC028252 and transfers The Division of Transportation's, Division of Power and Water's, and the Department of Recreation and Parks' shares from the State Issue Two Street Projects Fund back into the fund from which the funds originated. The Division of Transportation's share of $3,773,722.32 will be restored to the Streets and Highways G.O. Bonds Fund, the Division of Power and Water share of $473,264.40 will be restored to the Water Works Enlargement Voted Bonds Fund; and the Department of Recreation and Parks share of $177,701.24 will be restored to the 1999/2004 Voted Bond Fund.
Title
To amend the 2008 C.I.B.; to authorize the City Auditor to transfer $4,424,687.96 from the State Issue Two Street Projects Fund to the Streets and Highways G.O. Bonds Fund; the Water Works Enlargement Voted Bonds Fund; and the 1999/2004 Voted Bond Fund; and to declare an emergency.
Body
WHEREAS, funding for the Henderson Road Improvmeent Project was authorized by authority of 0039-2008, passed by this Columbus City Council on March 31, 2008; and
WHEREAS, it was determined by the The Division of Transportation, due to necessary utility relocations, that the project schedule for construction would need to be moved to 2009 and the project be rebid; and
WHEREAS, it is necessary to cancel AC028252 associated with this legislation and restore the monies to the funds from which they previously resided; and
WHEREAS, an emergency exists in the usual daily operation of the Division of Transportation in that these funds should be transferred immediately in order to maintain proper accounting practices, thereby preserving the public health, peace, property, safety and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the 2008 Capital Improvements Budget established within ordinance 0690-2008 be and hereby is amended as follows:
Fund /Project Number / Project / Current CIB Amount / Amendment Amount / CIB Amount
704 / 530208-100000 / Federal-State Match / $1,198,553.00 (Carryover) / $3,773,723.00 (Carryover) / $4,972,276.00 (Carryover)
SECTION 2. That the Transfer of monies within the following fund be authorized as follows:
Division of Transportation, Dept-Div 59-09:
Transfer from:
Fund / Grant / Grant Name / O.L. 01/03 Codes / OCA / Amount
764 / 597014 / Henderson Road / 06/6600 / 597014 / $4,424,687.96
Transfer to:
Fund / Grant / Grant Name / O.L. 01/03 Codes / OCA / Amount
764 / 597014 / Henderson Road / 10/5501 / 597014 / $4,424,687.96
SECTION 3. That the Transfer of monies within the following funds be authorized as follows:
Division of Transportation, Dept-Div 59-09:
Transfer from:
Fund / Grant / Grant Name / O.L. 01/03 Codes / OCA / Amount
764 / 597014 / Henderson Road / 10/5501 / 597014 / $4,424,687.96
Transfer to:
Division of Transportation , Dept-Div 59-09:
Fund / Project / Project Name / O.L. 01/03 Codes / OCA / Amount
704 / 530208 / Federal/State Match / 80/ 0886 / 644385 / $3,773,722.32
Division of Power and Water, Dept-Div 60-09:
Fund / Project / Project Name / O.L. 01/03 Codes / OCA / Amount
606 / 690236 / Water Main Rehab. / 80 / 0886 / 642900 / $473,264.40
Parks and Recreation Department, Dept-Div 51-01:
Fund / Project / Project Name / O.L. 01/03 Codes / OCA / Amount
702 / 510229 / Bikeway Improvements / 80/ 0886 / 644526 / $177,701.24
SECTION 4. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves nor vetoes the same.