City of Columbus - File #: 1406-2004

• File #: 1406-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 7/8/2004
• In control: Utilities Committee
• On agenda: 7/26/2004
• Final action: 8/2/2004
• Title: To authorize the Director of Public Utilities to pay the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority, for a Sewerage and Drainage Division project; and to authorize the expenditure or $321,275.00. ($321,275.00)

Date	Ver.	Action By	Action	Result
8/2/2004	1	MAYOR	Signed
8/2/2004	1	CITY CLERK	Attest
7/26/2004	1	Columbus City Council	Approved	Pass
7/26/2004	1	COUNCIL PRESIDENT	Signed
7/19/2004	1	Columbus City Council	Read for the First Time
7/13/2004	1	Utilities Drafter	Sent for Approval
7/13/2004	1	CITY ATTORNEY	Reviewed and Approved
7/13/2004	1	Utilities Drafter	Sent to Clerk's Office for Council
7/12/2004	1	UTILITIES DIRECTOR	Reviewed and Approved
7/12/2004	1	Utilities Drafter	Sent for Approval
7/12/2004	1	Auditor Reviewer	Reviewed and Approved
7/12/2004	1	CITY AUDITOR	Reviewed and Approved
7/9/2004	1	Utilities Reviewer	Reviewed and Approved
7/9/2004	1	UTILITIES DIRECTOR	Reviewed and Approved
7/8/2004	1	Utilities Drafter	Sent for Approval

Explanation

1.  BACKGROUND

A.  Need:  This legislation is needed for the City to pay the loan application fee for a loan agreement totaling $91,792,860.00, for the BWARI, Part 2 project.  This Sanitary System Engineering Section project (identified in Section 1.) is scheduled to be approved for financing through the Ohio Water Pollution Control Loan Fund (WPCLF).  This loan program is jointly administered by the Ohio EPA's Division of Environmental and Financial Assistance, and the Ohio Water Development Authority(OWDA).  The WPCLF provides below-market interest rate loans for municipal wastewater treatment improvements.

B.  Emergency Designation:  N/A

C.  FISCAL IMPACT

Budgeted Amount:  There is sufficient budget authority in the 2004 Sewer System Operating Fund for application fee expenditures.   

Title

To authorize the Director of Public Utilities to pay the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority, for a Sewerage and Drainage Division project; and to authorize the expenditure or $321,275.00.  ($321,275.00)

Body

WHEREAS, a Sewerage and Drainage Division project has been scheduled for financing through an Ohio Water Pollution Control Loan Fund award on July 29, 2004 which financial assistance will help to reduce the total project costs to the City's sewerage customers; and

WHEREAS, it is necessary to authorize the Director of Public Utilities to pay the requisite loan application fee to the Ohio Water Development Authority payable upon  the delivery of the executed loan agreement; 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 pay the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority, for the Sewerage and Drainage Division project entitled Big Walnut Outfall Sewer System Capacity Augmentation, Part 1, CIP No. 650430.1, WPCLF No. 392260-02.

Section 2.  That the expenditure of $321,275.00 or as much thereof as may be needed, be and the same hereby is authorized from the Sewer System Operating Fund, Fund 650, Division 60-05, OCA Code 651001, Object Level One 03, Object Level Three 3390, to pay the cost of the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority.

Section 3.  That this ordinance shall take effect and be in force from and after the earliest period allowed by law.