Explanation
Background: Ordinance No. 0361-2009, Passed April 4, 2009, authorized the City Attorney to acquire certain property rights, and to expend certain monies in connection with the OSIS Augmentation and Relief Sewer (OARS) 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. On October 26th prior to commencement of a trial on the appropriation Inland Products, Inc. offered to sell fee title to property over which the City was appropriating easements for the OARS project. Given this property may be needed at some future date for anticipated expansion of the Jackson Pike Wastewater Treatment Plant purchase of the fee was considered to be more economic. Consequently additional funds are needed. It is now necessary to authorize the City Attorney to expend $4,025,000 to pay for additional acquisition costs in connection with this project and to amend the 2009 Capital Improvement Budget.
Fiscal Impact: The Department of Public Utilities, Division of Sewerage and Drainage has determined the additional funding for this project will be from the Sanitary B.A.B.s (Build America Bonds) Fund and to amend the 2009 Capital Improvement Budget.
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 expend $4,025,000.00 from the Sanitary B.A.B.s (Build America Bonds) Fund for the OSIS Augmentation and Relief Sewer (OARS) Project, to authorize the transfer of a total of $4,025,000.00 in funds from within the Sanitary B.A.B.s (Build America Bonds) Fund; to amend the 2009 Capital Improvement Budget and to declare an emergency. ($4,025,000.00)
Body
WHEREAS, the City of Columbus is engaged in the OSIS Augmentation and Relief Sewer (OARS) Project; and
WHEREAS, Ordinance No. 0361-2009, passed April 4, 2...
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