City of Columbus - File #: 0589-2011

• File #: 0589-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/5/2011
• In control: Public Utilities Committee
• On agenda: 5/2/2011
• Final action: 5/4/2011
• Title: To authorize the Director of Public Utilities to pay the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority, for a Division of Sewerage and Drainage project; and to authorize the expenditure of $20,978.00, and to declare an emergency. ($20,978.00)

Date	Ver.	Action By	Action	Result
5/4/2011	1	CITY CLERK	Attest
5/3/2011	1	MAYOR	Signed
5/2/2011	1	Columbus City Council	Approved	Pass
5/2/2011	1	COUNCIL PRESIDENT	Signed
4/19/2011	1	CITY ATTORNEY	Reviewed and Approved
4/19/2011	1	Utilities Drafter	Sent to Clerk's Office for Council
4/18/2011	1	CITY AUDITOR	Reviewed and Approved
4/18/2011	1	Utilities Drafter	Sent for Approval
4/15/2011	1	Finance Reviewer	Reviewed and Approved
4/15/2011	1	FINANCE DIRECTOR	Reviewed and Approved
4/15/2011	1	Utilities Drafter	Sent for Approval
4/15/2011	1	Auditor Reviewer	Reviewed and Approved
4/14/2011	1	Finance Reviewer	Reviewed and Approved
4/14/2011	1	Finance Reviewer	Reviewed and Approved
4/13/2011	1	UTILITIES DIRECTOR	Reviewed and Approved
4/13/2011	1	Utilities Drafter	Sent for Approval
4/12/2011	1	Utilities Drafter	Sent for Approval
4/12/2011	1	Utilities Reviewer	Sent for Approval
4/11/2011	1	Utilities Reviewer	Reviewed and Approved
4/5/2011	1	Utilities Drafter	Sent for Approval
4/5/2011	1	Utilities Reviewer	Reviewed and Approved
4/5/2011	1	Utilities Reviewer	Reviewed and Approved
4/5/2011	1	Utilities Drafter	Sent for Approval
4/5/2011	1	Utilities Reviewer	Reviewed and Approved

Explanation

1. BACKGROUND

A. Need: This legislation is needed for the City to pay the loan application fee for a loan agreement totaling $5,993,700.00, for the OSIS Downtown Odor Control Project, CIP 650691. This Sanitary System Engineering Section project (identified in Section 1.) has been approved for financing through the Ohio Water Pollution Control Loan Fund (WPCLF). This loan program is jointly administered by the Ohio EPA's Division of Environmental and Financial Assistance, and the Ohio Water Development Authority (OWDA). The WPCLF provides below-market interest rate loans for municipal wastewater treatment improvements. The interest rate for this loan is 3.61%.

B. Emergency Designation: The City is required to pay the loan application fee upon the execution of the loan agreement. The loan agreement was approved by the OWDA on February 24, 2011 and the executed loan agreement along with the application fee invoice has been received by the City. Loan Fund Payment Requests cannot be processed until the application fee is paid.

C. Fiscal Impact:
Budgeted Amount: There is sufficient budget authority in the 2011 Sewer System Operating Fund for application fee expenditures.



Title

To authorize the Director of Public Utilities to pay the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority, for a Division of Sewerage and Drainage project; and to authorize the expenditure of $20,978.00, and to declare an emergency. ($20,978.00)

Body

WHEREAS, a Division of Sewerage and Drainage project has been approved for financing through an Ohio Water Pollution Control Loan Fund agreement approved on February 24, 2011 through which financial assistance will help to reduce the total project costs to the City's sewerage customers; and

WHEREAS, it is necessary to authorize the Director of Public Utilities to pay the requisite loan application fee to the Ohio Water Development Authority p...