City of Columbus - File #: 1594-2006

• File #: 1594-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/8/2006
• In control: Public Service & Transportation Committee
• On agenda: 9/11/2006
• Final action: 9/11/2006
• Title: To amend Ordinance 1168-2005 to authorize the Finance and Management Director and City Auditor, as appropriate, to sign loan documents and a promissory note to OPWC for $1,308,299 on behalf of the City of Columbus for the Main Street Bridge replacement project, to authorize the Public Service Director to execute the OPWC project agreement and to borrow $1,308,299 from OPWC for the purpose of Main Street Bridge construction, and to declare an emergency.

Date	Ver.	Action By	Action	Result
9/14/2006	1	CITY CLERK	Attest
9/13/2006	1	MAYOR	Signed
9/11/2006	1	Columbus City Council	Approved	Pass
9/11/2006	1	COUNCIL PRESIDENT PRO-TEM	Signed
9/8/2006	1	Service Drafter	Sent for Approval
9/8/2006	1	SERVICE DIRECTOR	Reviewed and Approved
9/8/2006	1	CITY ATTORNEY	Reviewed and Approved
9/8/2006	1	Finance Reviewer	Reviewed and Approved
9/8/2006	1	FINANCE DIRECTOR	Reviewed and Approved
9/8/2006	1	SERVICE DIRECTOR	Reviewed and Approved
9/8/2006	1	CITY AUDITOR	Reviewed and Approved
9/8/2006	1	SERVICE DIRECTOR	Sent to Clerk's Office for Council
9/8/2006	1	SERVICE DIRECTOR	Sent to Clerk's Office for Council
9/8/2006	1	City Clerk's Office	Sent back for Clarification/Correction
9/8/2006	1	SERVICE DIRECTOR	Sent to Clerk's Office for Council

Explanation
On September 12, 2005, the Mid-Ohio Regional Planning Commission (MORPC) accepted Ohio Public Works Commission (OPWC) Round 20 applications for the Local Transportation Improvement Program (LTIP) and State Capital Improvement Program (SCIP). By ordinance 1168-2005, passed by City Council on July 20, 2005, an application was submitted and SCIP funding was awarded to the City for grant/loan assistance for the Main Street Bridge replacement project. OPWC is required to award a minimum of 20% of SCIP funding as a no interest 20 year loan. OPWC requires that a designated official be authorized to execute project agreements for approved projects. Additionally, OPWC requires that a Chief Finance Officer certifies the ability to fund the City's portion of the project.

At the time of the application, it was unknown if the LTIP (grant only) or SCIP (loan and grant combination) would be awarded. Because the loan oriented SCIP funds were awarded, this legislation is necessary to amend Ordinance 1168-2005 to allow the Finance and Management Director and City Auditor, as appropriate, to sign for funding use certification, local match availability, and to certify loan portion repayment, and it will reaffirm the Public Service Director's authority to execute the project agreement and apply for a loan for the Main Street Bridge project. Additionally, the amendment will allow the City Auditor to certify the City's portion of the funding for the project.

Fiscal Impact: On December 15, 2005, the District 3 Public Works Integrating Committee (PWIC) took final action to award $19.6 million to ten Round 20 project applicants, one of which was for the City of Columbus Main Street Bridge project in the form of a grant for $3,904,045 and a 20 year, no interest loan for $1,308,299 for a sum total of $5,212.344. After money from the grant portion of the award is expended, the loan portion may then be utilized as needed. Therefore, the net impact of this legislation will...