City of Columbus - File #: 0543-2009

• File #: 0543-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/1/2009
• In control: Utilities Committee
• On agenda: 5/11/2009
• Final action: 5/11/2009
• Title: To authorize the Director of the Department of Public Utilities to authorize and direct the City Auditor to deposit funds in the amount of $762,768.75 into the State Treasury Asset Reserve of Ohio (Star Ohio) program for surety funds required for a construction permit to be issued for the Hap Cremean Water Plant Lagoon No. 2 Embankment Modifications Project; to authorize the appropriation and transfer of $762,768.75 from the Water System Reserve Fund to the Water Works Enlargement Voted Bonds Fund; and to authorize the expenditure of $762,768.75 from the Water Works Enlargement Voted Bonds Fund; for the Division of Power and Water. ($762,768.75) (AMENDED BY ORD. 0611-2010 PASSED 05/10/2010)

Date	Ver.	Action By	Action	Result
5/14/2009	1	CITY CLERK	Attest
5/12/2009	1	MAYOR	Signed
5/11/2009	1	Columbus City Council	Approved	Pass
5/11/2009	1	COUNCIL PRESIDENT PRO-TEM	Signed
5/4/2009	1	Columbus City Council	Read for the First Time
4/16/2009	1	Auditor Reviewer	Reviewed and Approved
4/16/2009	1	CITY AUDITOR	Reviewed and Approved
4/16/2009	1	Utilities Drafter	Sent for Approval
4/16/2009	1	CITY ATTORNEY	Reviewed and Approved
4/16/2009	1	Utilities Drafter	Sent to Clerk's Office for Council
4/15/2009	1	Utilities Drafter	Sent for Approval
4/15/2009	1	Auditor Reviewer	Reviewed and Approved
4/15/2009	1	CITY AUDITOR	Reviewed and Approved
4/15/2009	1	Utilities Drafter	Sent for Approval
4/14/2009	1	Finance Reviewer	Reviewed and Approved
4/14/2009	1	Finance Reviewer	Reviewed and Approved
4/14/2009	1	FINANCE DIRECTOR	Reviewed and Approved
4/13/2009	1	Utilities Reviewer	Sent for Approval
4/13/2009	1	UTILITIES DIRECTOR	Reviewed and Approved
4/13/2009	1	Utilities Drafter	Sent for Approval
4/9/2009	1	Utilities Drafter	Sent for Approval
4/8/2009	1	Utilities Reviewer	Reviewed and Approved
4/7/2009	1	Utilities Reviewer	Reviewed and Approved
4/7/2009	1	Utilities Drafter	Sent for Approval
4/6/2009	1	Utilities Drafter	Sent for Approval
4/3/2009	1	Utilities Drafter	Sent for Approval
4/3/2009	1	Utilities Reviewer	Reviewed and Approved

Explanation

Background: The Department of Public Utilities, Division of Power and Water will be constructing improvements to the sludge lagoons at the Hap Cremean Water Plant. A portion of this work includes construction of new exterior embankments for the lagoon in which the Ohio Department of Natural Resources (ODNR) has classified as a Class II dam. ODNR requires the City of Columbus to apply for a construction permit. Before a permit can be issued, a surety bond must be submitted and accepted by the state. The bond amount shall meet or exceed one-half the estimated cost of construction including construction inspection of the dam or levee in addition to a statutory filing fee.

The Division of Power and Water will deposit their surety funds into the State of Ohio's State Treasury Asset Reserve of Ohio (Star Ohio) program. Star Ohio allows all Ohio governmental subdivisions to deposit their funds for investment purposes into a highly rated public investment pool offering safety, liquidity, and generally higher yields.

Formal bids for the Hap Cremean Water Plant Lagoon No. 2 Embankment Modifications Project, Project No. 690331, were opened on March 25, 2009. The amount to be deposited into the Star Ohio fund is $762,768.75, which is fifty percent (50%) of the cost of construction and construction inspection fees for the Class II dam, and statutory filing fee.

FISCAL IMPACT: This legislation includes a transfer of funds from the Water System Reserve Fund to the Water Works Enlargement Voted Bonds Fund as a temporary measure until such time as the proceeds from a bond sale can be made available.


Title

To authorize the Director of the Department of Public Utilities to authorize and direct the City Auditor to deposit funds in the amount of $762,768.75 into the State Treasury Asset Reserve of Ohio (Star Ohio) program for surety funds required for a construction permit to be issued for the Hap Cremean Water Plant Lagoon No. 2 Embankment Modifications...