Explanation
This legislation authorizes the transfer and appropriation of funds within the Sewer System Permanent Improvements Fund for purposes of providing the ineligible costs of an OWDA Loan in connection with the Walhalla Ravine Area Sanitary Improvements, Part B Project.
Ord. No. 1835-02, authorized the expenditure of $2,121,661.03 with Reynolds, Inc., for funding the sewer rehabilitation contract (EL003033) for the subject project. The OWDA Loan declared $71,302.00 of this contract ineligible. This legislation will provide the funding for this amount from within the Sewer System Permanent Improvements Fund. Upon passage of this legislation the Division will cancel $71,302.00 from the original contract, and will initiate the establishment of a new contract using the funding provided by this legislation.
Title
To authorize the transfer and appropriation of $71,302.00 of funds within the Sewer System Permanent Improvements Fund in connection with the Walhalla Ravine Area Sanitary Improvements, Part B Project, for the Division of Sewerage and Drainage, and to declare an emergency.
Body
WHEREAS, Ordinance No. 1835-02, passed December 9, 2003, authorized the Director of Public Utilities to enter into contract with Reynolds, Inc., for the construction of the Walhalla Ravine Area Sanitary Improvement, Part B Project; and
WHEREAS, the City of Columbus did enter into loan agreements with the Ohio Water Development Authority, State of Ohio Water Pollution Control Loan Fund; and whereupon it has been determined that $71,302.00 of the improvements associated with Part B are ineligible for reimbursement under the terms of the loan agreement, and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities, Division of Sewerage and Drainage in that it is immediately necessary for this City Council to authorize the City Auditor to transfer and appropriate funds within the Sewer System Permanent Improvements Fund fo...
Click here for full text