Explanation
BACKGROUND: Capital expenditures are required for the purchase of materials and services for the construction of distribution circuits from the Italian Village Substation. These distribution circuits will support and relieve demands on existing Division of Electricity facilities. The materials and services required include pole line hardware, poles, cross arms, manholes, concrete cutting, and any other materials and services as may be needed for this project. The materials and services will be obtained in compliance with the provisions of Columbus City Codes, Chapter 329 and Title 39. This legislation also authorizes a transfer of funds within the Voted 1995 and 1999 Street Lighting and Distribution Improvements Fund and amends the 2004 Capital Improvements Budget to reflect the transfer.
Emergency action is requested because of circuit capacities being nearly met, it is imperative that the work be completed as soon as possible to support the OSU Gateway project and alleviate strain on the Division of Electricity's North Substation and distribution system.
FISCAL IMPACT: There are sufficient funds available in the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Funds for this expenditure. It is necessary to transfer funds from the Distribution System Improvements project to the Italian Village Substation project and to amend the 2004 Capital Improvements Budget accordingly.
Title
To amend the 2004 Capital Improvements Budget; to transfer $108,463.00 within the Voted Street Lighting and Electricity Distribution Improvements Fund; to authorize capital expenditures for the purchase of materials and services required for the construction of circuits for the Italian Village Substation up to an amount not to exceed $130,000.00 from the Voted Street Lighting and Electricity Distribution Improvements Fund; and to declare an emergency. ($130,000.00)
Body
WHEREAS, it is necessary to constru...
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