Explanation
BACKGROUND: This legislation authorizes the Director of Public Utilities to reimburse the City of Grove City, Ohio for its share in the construction of a 1.25 MG Elevated Water Tank.
Grove City is constructing a new 1.25 MG elevated water tower in which it is estimated provide service to about 2.9% of the Columbus area. The tank would provide shared benefit to the City of Columbus in accordance with our full service agreement with Grove City. The Department of Public Utilities approved to reimburse Grove City 2.9% of total cost of construction for the elevated tank.
The project was advertised and opened by the City of Grove City and CB&I Constructors was the successful bidder.
FID#: 31-6400527
FISCAL IMPACT: This legislation includes a transfer of funds within the Water Build America Bonds Fund and an amendment to the 2011 Capital Improvements Budget.
Title
To authorize the Director of Public Utilities to reimburse the City of Grove City, Ohio for its share in the construction of a Elevated Water Tank; for the Division of Power and Water; to authorize the transfer and expenditure of $80,000.00 from the Water Build America Bonds Fund; and to amend the 2011 Capital Improvements Budget. ($80,000.00)
Body
WHEREAS, the City of Grove City, Ohio is constructing a new 1.25 MG elevated water tower in which it is estimated provide service to about 2.9% of the Columbus area; and
WHEREAS, the City of Columbus agreed in accordance with our full service agreement with Grove City to reimburse 2.9% of total cost of construction; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds within the Water Build America Bonds Fund; and
WHEREAS, it is necessary to authorize an amendment to the 2011 Capital Improvements Budget for purposes of providing sufficient funding and expenditure authority for the aforementioned project expenditure; and
WHEREAS, it has become necessary in the usual daily operation of the Division of Power and Water, Department of Public Utilities, to authorize the Director of Public Utilities to reimburse the City of Grove City, Ohio for its share in the construction of a 1.25 MG Elevated Water Tank; for the preservation of the public health, peace, property and safety;
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Public Utilities is authorized to reimburse the City of Grove City, Ohio for its share in the construction of a 1.25 MG Elevated Water Tank, for the Division of Power and Water, in the amount of $80,000.00.
SECTION 2. That the City Auditor is hereby authorized to transfer $80,000.00 within the Division of Power and Water, Dept/Div. No. 60-09, Water Build America Bonds Fund, Fund No. 609, Object Level One 06, Object Level Three 6604, as follows:
Fund No. | Project No. | Project Name | OCA Code | change
609 | 690370-100000 (carryover) | Upground Reservoir | 609370 | -$80,000
609 | 690463-100000 (carryover) | Misc. Water Storage Imp's | 609463| +$80,000
SECTION 3. That the 2011 Capital Improvements Budget is hereby amended as follows:
Fund No. | Project No. | Project Name | Current Authority | Revised Authority | change
609 | 690370-100000 (carryover) | Upground Reservoir | $114,881,286 | $114,801,286 | -$80,000
609 | 690463-100000 (carryover) | Misc. Water Storage Imp's | $0 | $80,000 | +$80,000
SECTION 4. That for the purpose of reimbursing the City of Grove City, Ohio the costs associated with construction of a 1.25 MG Elevated Water Tank, the expenditure of $80,000.00 is hereby authorized as follows: Division of Power and Water, Dept./Div. No. 60-09, Water Build America Bonds Fund, Fund No. 609, Project 690463-100000 (carryover), OCA Code 609463 | Object Level One 06, Object Level Three 6604.
SECTION 5. 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 6. 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 7. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
SECTION 8. That this Ordinance shall take effect and be in force from and after the earliest period allowed by law.