Explanation
BACKGROUND: This legislation authorizes a transfer, CIB amendment and expenditure of $50,000.00 from the Storm Sewer Bonds Fund to provide funds to enter into an agreement with the Columbus Downtown Development Corporation (CDDC) for the Main Street Dam Removal Feasibility Study.
FISCAL IMPACT: A transfer of $50,000.00 within the Storm Sewer Bonds Fund and a CIB amendment is required for this expenditure due to insufficient balances in the project accounts.
Title
To authorize the Public Utilities Director to enter into an agreement with the Columbus Downtown Development Corporation (CDDC) for the Main Street Dam Removal Feasibility Study; to authorize the transfer of $50,000.00 within the Storm Sewer Bonds Fund; to authorize an amendment to the 2011 Capital Improvements Budget; and to authorize the expenditure of $50,000.00 from the Storm Sewer Bonds Fund.($50,000.00)
Body
WHEREAS, it is necessary to authorize the Public Utilities Director to enter into an agreement with the Columbus Downtown Development Corporation for the Main Street Dam Removal Feasibility Study; and
WHEREAS, it is necessary to authorize the City Auditor to transfer funds within the Storm Sewer Bonds Fund;
WHEREAS, it is necessary to authorize an amendment to the 2011 Capital Improvements Budget to provide sufficient funding and expenditure authority for the feasibility study; and
WHEREAS, under this agreement the Columbus Downtown Development Corporation will implement and oversee a feasibility study for the removal of the Main Street Dam; and
WHEREAS, it has become necessary in the usual daily operation of the Division of Sewerage and Drainage, Department of Public Utilities, to authorize the expenditure for the Main Street Dam Removal Feasibility Study, thereby preserving the public health, peace, property and safety; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor is hereby authorized to transfer $50,000.00 within the Storm Sewer Bonds Fund, Fund 685, Division of Sewerage and Drainage, Division 60-15, Object Level One 06, Object Level Three 6621, as follows:
TRANSFER FROM:
Project/OCA Project Name (Amount)
610923-100000 :685923 Bliss Run Trunk Sewer Improvements (-$50,000.00)
TRANSFER TO:
Project/OCA Project Name (Amount)
611015-1000000 :685015 Main Street Dam Project (+$50,000.00)
SECTION 2. 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 3. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
SECTION 4. 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 5. That the Development Director is hereby authorized to enter into contract with the Columbus Downtown Development Corporation to implement and oversee a feasibility study for the removal of the Main Street Dam.
SECTION 6. That the expenditure of $50,000.00, or so much thereof as may be necessary, from the Department of Public Utilities, Division of Sewerage and Drainage, Division 60-15, Storm Sewer Bonds Fund, Fund 685, Project 611015, Object Level One 06, Object Level Three 6621, OCA Code 685015, for the aforesaid purpose is hereby authorized.
SECTION 7. That the 2011 Capital Improvements Budget Ordinance No. 0266-2011 is hereby amended as follows, to provide sufficient budget authority for the execution of the aforementioned engineering agreement:
Proj. No. | Proj. Name | Current Authority | Revised Authority | (Amount of Change)
610923-100000 | Bliss Run Trunk Sewer Improvements | $422,076 | $372,076 | (-$50,000)
611015-100000 | Main Street Dam Project | $0 | $50,000 | (+$50,000)
SECTION 8. That this contract is awarded in accordance with Chapter 329.15 of the Columbus City Codes, 1959.
SECTION 9. That this Ordinance shall take effect and be in force from and after the earliest period allowed by law.