Explanation
BACKGROUND: This legislation authorizes the Director of Public Utilities to accept a change in Federal Identification Number (FIN) relating to a contract between the City of Columbus, Department of Public Utilities, and American Electric Power Service Corporation. The original contract, DL012676, and subsequent modifications including the present contract modification number EL009131, for the purchase of capacity and energy were established using FIN 13-4922640. This number was provided by American Electric Power Service Corporation as their contract compliance number on the original proposal dated June 16, 2006. However, the Department of Public Utilities has been notified by American Electric Power that 13-4922640 is the FIN for American Electric Power Company, Inc. and that the correct FIN for American Electric Power Service Corporation, a subsidiary, is 13-4922641.
Contract Compliance Number: 134922641, expires 05/09/2011
It is requested to declare this ordinance an emergency measure in order to allow the necessary corrections in the City's accounting system as soon as possible in order that service and payments for the same may continue without interruption.
FISCAL IMPACT: This legislation will not alter the balance of the existing contract covered by this ordinance and there will be no fiscal impact.
Title
To authorize and direct the Public Utilities Director to modify the present capacity and energy contract and any future modifications to said contract to reflect the correct Federal Identification Number for American Electric Power Service Corporation and to declare an emergency. ($0)
Body
WHEREAS, the Director of Public Utilities entered into contract DL012676 with American Electric Power Service Corporation for the purchase of capacity and energy for the Division of Power and Water; and
WHEREAS, American Electric Power Service Corporation, a subsidiary of American Electric Power Company, Inc., has notified the Director of Public Utilities that the correct Federal Identification is 13-4922641; and
WHEREAS, for accurate accounting records, it is necessary to alter the existing contract modification, EL009131, and any subsequent modifications to reflect the correct Federal Identification Number as it relates to the Division of Power and Water's contract for capacity and energy; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities in that it is immediately necessary to authorize a correction in the City's accounting system of the Federal Identification Number for American Electric Power Service Corporation as it relates to existing contract, EL009131, and any future modifications to said contract for capacity and energy in order that service and payments for the same may continue without interruption thereby preserving the public health, peace, safety and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Public Utilities is hereby authorized to modify the existing contract for capacity and energy, EL009131, and any future modifications of said contract with American Electric Power Service Corporation to reflect the correct Federal Identification Number to 13-4922641.
SECTION 2. That the City Auditor is hereby authorized to make any accounting changes necessary to correct the Federal Identification Number to 13-4922641 for existing contract EL009131 and any future modifications to said contract for capacity and energy with American Electric Power Service Corporation.
SECTION 3. 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 fore from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.