City of Columbus - File #: 1570-2008

• File #: 1570-2008
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/29/2008
• In control: Utilities Committee
• On agenda: 10/20/2008
• Final action: 10/22/2008
• Title: To authorize the Director of Public Utilities to apply for, accept, and enter into two (2)) Ohio Water Pollution Control Loan Fund Supplemental Loan Agreements during the year 2008 with the Ohio Water Development Authority and the Ohio Environmental Protection Agency in order to complete the construction of sewerage system wastewater treatment facilities; to designate a dedicated repayment source for the loans; and to declare an emergency.

Date	Ver.	Action By	Action	Result
10/22/2008	1	CITY CLERK	Attest
10/21/2008	1	MAYOR	Signed
10/20/2008	1	Columbus City Council	Approved	Pass
10/20/2008	1	COUNCIL PRESIDENT	Signed
10/14/2008	1	Utilities Drafter	Sent to Clerk's Office for Council
10/10/2008	1	CITY ATTORNEY	Reviewed and Approved
10/9/2008	1	FINANCE DIRECTOR	Reviewed and Approved
10/9/2008	1	Utilities Drafter	Sent for Approval
10/9/2008	1	Auditor Reviewer	Reviewed and Approved
10/9/2008	1	CITY AUDITOR	Reviewed and Approved
10/9/2008	1	Utilities Drafter	Sent for Approval
10/8/2008	1	Finance Reviewer	Reviewed and Approved
10/8/2008	1	Finance Reviewer	Reviewed and Approved
10/7/2008	1	Utilities Reviewer	Sent for Approval
10/7/2008	1	UTILITIES DIRECTOR	Reviewed and Approved
10/7/2008	1	Utilities Drafter	Sent for Approval
10/6/2008	1	Utilities Reviewer	Reviewed and Approved
10/2/2008	1	Utilities Drafter	Sent for Approval
9/30/2008	1	Utilities Reviewer	Reviewed and Approved
9/29/2008	1	Utilities Drafter	Sent for Approval

Explanation
1. BACKGROUND

A. Need: The Ohio EPA requires this legislation which authorizes the Director of Public Utilities to apply for, accept, and enter into two (2) Water Pollution Control Loan Fund (WPCLF) supplemental loan agreements totaling approximately $4,751,000, for the completion of two Sanitary Sewer System projects as identified in Section 1., under the direction of the Sewerage & Drainage Division. These Capital Improvements Projects are being financed through the Ohio Water Pollution Control Loan Fund program. 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.

B. Emergency Designation: In order to obtain OWDA board approval of the supplemental loan agreements on October 30, 2008, a certified copy of this authorizing legislation must be submitted to the Ohio EPA and the OWDA as a part of each loan application and prior to the OWDA board meeting on October 30, 2008. The earliest effective date of this ordinance insures compliance with the OWDA loan program requirements and thereby expediting the construction project completion.

2. FISCAL IMPACT

Budgeted Amount: There is sufficient budget authority in the 2008 Sewer System Operating Fund for application fee expenditures. These loans will be paid off over a 20-year period from sewerage system fees (dedicated source of repayment). Sewerage fee increases have been projected and planned in anticipation of these projects and loans.

Title

To authorize the Director of Public Utilities to apply for, accept, and enter into two (2)) Ohio Water Pollution Control Loan Fund Supplemental Loan Agreements during the year 2008 with the Ohio Water Development Authority and the Ohio Environmental Protection Agency in order to complete the construction of sewerage system wastewat...