Explanation
This legislation is to amend Ordinance 1334-2009, authorize the Director of Public Utilities to expend $1,512,000.00, and to authorize the City Auditor to transfer $1,512,000.00 within Fund 668, the Sanitary B.A.B.s (Build America Bonds) Fund, for CIP No. 650250-100003, Jackson Pike Wastewater Treatment Plant Digester Cover Rehabilitation Project.
This legislation amends the original ordinance 1334-2009 for project, CIP 650250-100003. Ordinance 1334-2009, was passed November 23, 2009 with the expectation of receiving Ohio Water Pollution Control Loan Funds (Ohio WPCLF). The original ordinance authorized the use of Sanitary Sewer Reserve Funds (Fund 666). That ordinance had an Auditor's certification (AC030383) with EL009967 created against the reserves in the amount of $1,512,000.00. The EL009967 has been cancelled with a cancellation number of, OX113661. This legislation will establish a new Auditor's Certificate and EL in Fund 668. Recent revisions in the WPCLF requirements concerning the inclusion of the Davis Bacon Act Contract provisions prohibited the funding of this executed contract through the WPCLF program.
FISCAL IMPACT: This ordinance authorizes the transfer of funds within the Sanitary B.A.B.s (Build America Bonds) Fund and to amend the 2010 Capital Improvements Budget to establish sufficient budget authority for this expenditure for the Division of Sewerage and Drainage.
CONTRACT COMPLIANCE NUMBER: NA
EMERGENCY DESIGNATION: Emergency Designation is not requested
Title
To amend Ordinance 1334-2009 by changing the funding source of this expenditure from the Sanitary Sewer Reserve Fund to the Sanitary Sewer Build America Bond Fund; to authorize the City Auditor to transfer within the Sanitary Sewer Build America Bond Fund (B.A.B.'s) for the Jackson Pike Wastewater Treatment Plant Digester Cover Rehabilitation Project, and to amend the 2010 Capital Improvements Budget to establish sufficient budget authority for this e...
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