Explanation
1. BACKGROUND:
This ordinance will provide an increase of $730,000.00 in funding that is necessary for the City Attorney to complete the acquisition of an easement through parcels owned by C. Robert Talbott. This easement is necessary for the construction and maintenance of the Big Walnut Augmentation/Rickenbacker Interceptor Sewer Project that is currently being constructed on the southeast side of the City.
Prior to commencement of the construction services contract, the City Attorney's Office succesfully negotiated a right-of-entry through said parcels in order to allow for the project to proceed. The cost of this right-of-entry required the City to pay the property owner $680,900.00, which was paid in February of 2004. These additional funds represent a final payment for the permanent easement and related costs, and will resolve the appropriation case, Case No. 03CVH-02-2197, filed to acquire the necessary easement.
2. FISCAL IMPACT:
The Division is requesting City Council to transfer funds from an existing account balance within the Voted Sanitary Bond Fund that no longer requires voted sanitary bond funding. An amendment to the 2005 Capital Improvements Budget is necessary to accomodate the reallocation of residual funds from within the Voted Sanitary Bond Fund.
3. EMERGENCY DESIGNATION:
The Division of Sewerage and Drainage is requesting that this ordinance be made an emergency measure in order to allow the City Attorney to fulfill the date and payment terms associated with the settlement agreement that is necessary for the procurement of the subject easement.
Title
To increase funding for the City Attorney to conclude the procurement of an easement from C. Robert Talbott, in connection with the Big Walnut Augmentation/Rickenbacker Interceptor Project; to authorize the transfer and expenditure of $730,000.00 from within the Voted Sanitary Bond Fund; to amend the 2005 Capital Improvements Budget for the Division of...
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