Explanation
BACKGROUND: On April 24, 2006 City Council passed Ordinance number 0645-2006, authorizing the Director of Public Utilities to accept a rebate from AEP in the amount of $300,000, and to provide for the appropriation and expenditure of this amount. An error was made in Section 3, in that only $279,128 was asked to be appropriated, instead of the entire $300,000. (The amount of $279,128 was the amount to be expended from the $300,000.) This has caused a deficit of $20,872 in this project. This amendment is needed in order to fix this deficit.
It is requested that this Ordinance be handled in an emergency manner, as we would like to have the $20,872 deficit corrected immediately, in that the amount may possibly be needed for a future project.
FISCAL IMPACT: Project No. 670607 will have an increased appropriation of $20,872.
Title
To amend Section 3 of Ordinance number 0645-2006, passed April 24, 2006, to correct the appropriation amount, and to declare an emergency.
Body
WHEREAS, City Council passed Ordinance number 0645-2006, on April 24, 2006, authorizing the Director of Public Utilities to accept a rebate from AEP in the amount of $300,000; and
WHEREAS, it is necessary to amend this Ordinance because there was an error in Section 3 in that the Division of Power and Water only asked for $279,128 to be appropriated, but $300,000 was the correct amount; and
WHEREAS, this has caused a deficit of $20,872 in this project and this amount may be needed for future projects; and
WHEREAS, an emergency exists in the usual daily operation of the Division of Power and Water, Department of Public Utilities, in that it is immediately necessary to authorize the Director of Public Utilities to amend Ordinance number 0645-2006 to reflect the correct appropriation of $300,000, and to authorize and direct the Auditor's Office to appropriate the deficit amount of $20,872, for the immediate preservation of public health, peace, prope...
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