Explanation
1. BACKGROUND
The City of Columbus, Department of Public Service, Division of Design and Construction in coordination with the City of Westerville participated in the Intersection Improvements - Worthington-Galena & Lazelle project. The purpose of this cooperative project was to improve motorist and pedestrian safety and roadway aesthetics along Worthington-Galena Road/Worthington Road from County Line Road West, south through the Lazelle Road intersection.
The improvement widened the roadway, adding curb, gutter, various storm sewer improvements, and sidewalks on the southeast side of Worthington Galena Road and the north side of Lazelle Road.
The City of Westerville administered the project and utilized City of Columbus staff for inspection of the project.
The City of Westerville applied for and received an OPWC grant and 25 year 0% interest loan for this project. As part of its participation in the project the City will be responsible for reimbursing the City of Westerville for its share of the loan given to Westerville for the project. This ordinance authorizes the City Auditor to pay the City of Westerville biannually for its share of the loan incurred for this project. These loan payments are due to OPWC by July 1 and January 1 each year.
2. FISCAL IMPACT:
The total amount of the 0% interest loan for this project is $700,659.00. The City has agreed to make biannual payments of $6,810.41 to the City of Westerville for this loan. These payments are due in January and July each year and the final payment being in January 2037.
3. EMERGENCY DESIGNATION:
Emergency action is requested to provide payment to the City of Westerville in a timely manner and maintain proper accounting practices for this obligation.
Title
To authorize the City Auditor to provide biannual payment to the City of Westerville for a loan payment for the Intersection Improvements - Worthington-Galena & Lazelle project; to appropriate and authorize the expenditure of $340,520.50 from the Special Income Tax Fund; and to declare an emergency. ($340,520.50)
Body
WHEREAS, the City of Columbus, Department of Public Service, Division of Design and Construction, in coordination with the City of Westerville participated in the Intersection Improvements - Worthington-Galena & Lazelle project; and
WHEREAS, the purpose of this project was to improve roadway and pedestrian safety and roadway aesthetics along Worthington-Galena Road/Worthington Road from County Line Road West, south through the Lazelle Road intersection; and
WHEREAS, the City of Westerville successfully applied for an OPWC grant and shared the proceeds of the grant and a 25-year 0% interest loan with the City of Columbus; and
WHEREAS, the City of Westerville administered this project and utilized City of Columbus Staff for inspection of the project; and
WHEREAS, the City has agreed to provide payment to the City of Westerville on a biannual basis for the 25-year 0% interest loan, providing biannual payments in the amount of $6,810.41 with payments due in January and July each year with the last payment in January, 2037; and
WHEREAS, it is necessary to authorize the expenditure of funds for the payment of this loan; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Service, Division of Design and Construction, in that it is immediately necessary to authorize this payment to City of Westerville in order to maintain proper accounting practices; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the City Auditor be and is hereby authorized to provide biannual payments to the City of Westerville, 64 East Walnut Street, Westerville, OH 43086, for a loan associated with the Intersection Improvements - Worthington-Galena & Lazelle project and to provide biannual payment to the City of Westerville in the amount of $6,810.41 for payments due in July and January of each year and ending in January 2037 for a total sum of $340,520.50.
SECTION 2. That from the unappropriated monies in the Special Income Tax Fund, Fund 430, and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2012, the sum of $340,520.50 be and hereby is appropriated to the City Auditor, Department No. 22-01, Object Level Three 4425-Principal OPWC Loans, OCA 220749-Ohio Public Works Commission Loans.
SECTION 3. That the City Auditor is hereby authorized to expend up to $340,520.50 or so much thereof as may be necessary from Fund 430, Department/Division No. 22-01, Object Level One 03, Object Level Three 4425-Principal OPWC Loans, OCA 220749-Ohio Public Works Commission Loans, for the purpose of making loan payments to the City of Westerville for the Intersection Improvements - Worthington-Galena & Lazelle project.
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 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.