Explanation
Background: Ordinance No. 0555-2005 passed April 11, 2005 authorizing the City Attorney to acquire certain property rights, and to expend certain monies in connection with the South Wellfield Expansion Project. The original amount of funding made available for this project was done so with the understanding that additional monies may be needed at a later date. The City is presently negotiating to purchase certain properties whose fair market value exceeds the amount established on the original Auditor's Certificate. It is therefore necessary to establish a separated Auditor's Certificate to expend monies for payment of additional acquisition costs in connection with the South Wellfield Expansion Project.
Fiscal Impact: The Department of Public Utilities, Division of Water has determined funding for this project will be from the Waterworks Enlargement Voted 1991 Bonds Funds.
Emergency Justification: Emergency action is requested to allow the acquisition of the parcels necessary for this project to proceed without delay.
Title
To authorize the City Attorney to acquire fee simple title and lesser interests, contract for professional services, and to expend $50,000.00 from the Waterworks Enlargement Voted 1991 Bonds Funds for costs in connection with the South Wellfield Expansion Project, and to declare an emergency. ($50,000.00).
Body
WHEREAS, Ordinance No. 0555-2005 passed April 11, 2005 authorizing the City Attorney to acquire certain property rights, and to expend certain monies in connection with the South Wellfield Expansion Project; and
WHEREAS, the original amount of funding made available for this project was done so with the understanding that additional monies may be needed at a later date; and
WHEREAS, the City is presently negotiating to purchase certain properties whose fair market value exceeds the amount established on the original Auditor's Certificate; and
WHEREAS, an emergency exists in that ...
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