City of Columbus - File #: 0077-2006

• File #: 0077-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/5/2006
• In control: Utilities Committee
• On agenda: 1/23/2006
• Final action: 1/25/2006
• Title: To authorize the appropriation, transfer, and expenditure of $44,101.76 from the Sewer System Permanent Improvements Fund to the Sewer Special Assessments Fund; to amend the 2005 Capital Improvements Budget, for the Division of Sewerage and Drainage, and to declare an emergency. ($44,101.76)

Date	Ver.	Action By	Action	Result
1/25/2006	1	CITY CLERK	Attest
1/24/2006	1	MAYOR	Signed
1/23/2006	1	Columbus City Council	Approved	Pass
1/23/2006	1	COUNCIL PRESIDENT	Signed
1/12/2006	1	Utilities Drafter	Sent for Approval
1/12/2006	1	CITY ATTORNEY	Reviewed and Approved
1/12/2006	1	Utilities Drafter	Sent to Clerk's Office for Council
1/11/2006	1	Auditor Reviewer	Reviewed and Approved
1/11/2006	1	CITY AUDITOR	Reviewed and Approved
1/10/2006	1	Utilities Drafter	Sent for Approval
1/10/2006	1	Finance Reviewer	Reviewed and Approved
1/10/2006	1	FINANCE DIRECTOR	Reviewed and Approved
1/10/2006	1	Utilities Drafter	Sent for Approval
1/9/2006	1	Utilities Reviewer	Reviewed and Approved
1/9/2006	1	Utilities Drafter	Sent for Approval
1/9/2006	1	Utilities Reviewer	Sent for Approval
1/9/2006	1	UTILITIES DIRECTOR	Reviewed and Approved
1/6/2006	1	Utilities Drafter	Sent for Approval

Explanation
1. BACKGROUND:
This legislation authorizes the transfer and expenditure of funds that are required to pay for the interest expense associated with the special assessment anticipation notes that were used for the construction of the McDannald Estates and Willow Springs Sanitary Sewer Assessment Projects.

2. EMERGENCY DESIGNATION:
The Division is requesting that this ordinance be considered an emergency in order to
allow the Department of Finance and the City Auditor's Office to fulfill the strict financial deadlines required by the assessment process.

Title
To authorize the appropriation, transfer, and expenditure of $44,101.76 from the Sewer System Permanent Improvements Fund to the Sewer Special Assessments Fund; to amend the 2005 Capital Improvements Budget, for the Division of Sewerage and Drainage, and to declare an emergency. ($44,101.76)

Body
WHEREAS, it is necessary for this City Council to authorize the City Auditor to appropriate and transfer the funds required to provide for the payment of project financing expenses associated with the the Willow Springs Area and McDannald Estates Area sanitary assessment sewer improvement projects; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, in that it is necessary for this City Council to authorize the transfer, appropriation, and expenditure of funds from the Sewer System Permanent Improvements Fund to the Sewer Special Assessments Fund in order to provide for the payment of project financing costs that are immediately required to allow for the issuance of special assessment bonds, for the preservation of the public health, peace, property and safety, now, therefore

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

Section 1. That $44,101.76 is hereby appropriated within the Sanitary Sewer Bond Fund No. 671 in Project 671999| OCA Code 900671| Unallocated Balance| Obj. Level 3: 5501, for purposes of transferring...