Explanation
Background: Ordinance No. 0453-2009, passed April 6, 2009, authorized the City Attorney to acquire certain property rights, and to expend certain monies in connection with the Chatterton Road Water Main Improvement 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. It is now necessary to increase the Auditor's Certificate established by the aforementioned ordinance by the amount of $50,000.00 to pay for additional costs in connection with this project.
Fiscal Impact: This legislation includes a transfer of funds from the Water System Reserve Fund to the Water Works Enlargement Voted Bonds Fund as a temporary measure until such time as the proceeds from an upcoming bond sale can be made available. An amendment to the 2009 Capital Improvements Budget is also necessary.
Emergency Justification: is requested to allow right-of-way acquisition to begin immediately so that the City can meet current acquisition schedules.
Title
To increase an existing Auditor's Certificate by $50,000.00 for the Chatterton Road Water Main Improvement Project; to authorize the appropriation and transfer of $50,000.00 from the Water System Reserve Fund to the Water Works Enlargement Voted Bonds Fund; to authorize the expenditure of $50,000.00 from the Water Works Enlargement Voted Bonds Fund; to authorize an amendment to the 2009 Capital Improvements Budget; and to declare an emergency. ($50,000.00)
Body
WHEREAS, the City of Columbus is engaged in the Chatterton Road Water Main Improvement Project; and
WHEREAS, 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; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds from the Water System Reserve Fund to the Water Works Enlargement Voted Bonds F...
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