Explanation
1. Need: This legislation is required of the City to execute a Water Resource Restoration Sponsor Program (WRRSP) agreement with the Ohio EPA and the Ohio Water Development Authority (OWDA) and Metro Parks. The WRRSP project, identified in Section 1 as the Metro Parks Morgan Headwaters Wetlands Conservation 2010 Project, WRRSP No. WR391490-0008, was designated by the Department of Public Utilities for sponsorship through a WRRSP Sponsorship Letter of Intent, dated June 10, 2010 for funding approval for Program Year 2010 through the Ohio Water Pollution Control Loan Fund Program. Two designated Sewerage and Drainage Division Projects, identified in Section 2., will serve as sponsoring projects for the Metro Parks' WRRSP project. The Morgan Headwaters Wetlands project is listed on the Ohio EPA 2010 WRRSP Project Priority List as an Intended Project for funding. The two sponsoring Sewerage and Drainage Division Projects are also listed on the Intended Projects List for Ohio EPA funding through the Water Pollution Control Loan Fund (WPCLF).
2. EMERGENCY DESIGNATION: In order to obtain OWDA board approval of the WRRSP sponsoring project WPCLF loan agreement , a certified copy of this authorizing legislation must be submitted to the Ohio EPA and OWDA as a part of the loan application and prior to the OWDA board meeting on December 9, 2010. The earliest effective date of this ordinance insures compliance with the Ohio EPA WPCLF loan program requirements and thereby expediting the construction initiation of bothe the City's sponsoring project and the WRRSP project.
3. FISCAL IMPACT: The City will save money by receiving a 0.1 percent interest rate discount for the two Division of Sewerage and Drainage sponsoring project loans.
Title
To authorize the Director of Public Utilities to execute a Water Resource Restoration Sponsor Program (WRRSP) agreement with Columbus and Franklin County Metro Parks, the Ohio Environmental Prote...
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