City of Columbus - File #: 0661-2006

• File #: 0661-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 3/21/2006
• In control: Utilities Committee
• On agenda: 5/1/2006
• Final action: 5/3/2006
• 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 $20,331.00. ($20,331.00)

Date	Ver.	Action By	Action	Result
5/3/2006	1	MAYOR	Signed
5/3/2006	1	CITY CLERK	Attest
5/1/2006	1	Columbus City Council	Approved	Pass
5/1/2006	1	COUNCIL PRESIDENT	Signed
4/24/2006	1	Columbus City Council	Read for the First Time
3/29/2006	1	Utilities Drafter	Sent for Approval
3/29/2006	1	CITY ATTORNEY	Reviewed and Approved
3/29/2006	1	Utilities Drafter	Sent to Clerk's Office for Council
3/28/2006	1	Utilities Drafter	Sent for Approval
3/28/2006	1	Auditor Reviewer	Reviewed and Approved
3/28/2006	1	CITY AUDITOR	Reviewed and Approved
3/27/2006	1	Utilities Reviewer	Sent for Approval
3/27/2006	1	UTILITIES DIRECTOR	Reviewed and Approved
3/24/2006	1	Utilities Reviewer	Reviewed and Approved
3/21/2006	1	Utilities Drafter	Sent for Approval

Explanation

1. BACKGROUND

A. Need: This legislation is needed for the City to pay the loan application fee for a loan agreement totaling $5,808,803.00, for the OSIS Augmentation and Relief Sewer, CIP 650704. 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 3.25%.

B. FISCAL IMPACT
Budgeted Amount: There is sufficient budget authority in the 2006 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 $20,331.00. ($20,331.00)

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 January 26, 2006 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 payable upon the delivery of the executed loan agreement; now therefore

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

Section 1. That the Director of Public Utilities be, and hereby is, authorized to pay the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority, for the Sewerage and Drainage Division project entitled OSIS Augmentation and Relief Sewer, CIP No. 65070...