Explanation
1. BACKGROUND:
This legislation authorizes the Director of Public Utilities to execute a contract with the Kokosing Construction Company, Inc., for the construction of the Columbus/Kossuth Streets Sewer Replacement Project.
The Director of Public Utilities publicly opened two competitive bid proposals on May 26, 2004. The results of these bids were: Kokosing Construction Company submitted a bid of $3,722,000.32; and Complete General Construction submitted a bid of $4,292,069.10. The Engineer's Estimate for this project was $3,296,940.35.
Title
To authorize the Director of Public Utilities to execute a construction contract with Kokosing Construction Company, Inc., in connection with the Columbus/Kossuth Streets Sewer Replacement Project; to authorize the appropriation of $4,030,569.23 and the expenditure of $3,722,000.32 from the Ohio Water Pollution Control Loan Fund; and to amend the 2004 Capital Improvements Budget; for the Division of Sewerage and Drainage. ($3,722,000.32)
Body
WHEREAS, two competitive bids for the construction of the Columbus/Kossuth Streets Sewer Replacement Project; were received on May 26, 2004, and
WHEREAS, the Ohio Water Development Authority approved a loan to the City of Columbus on August 26, 2004, in the amount of $4,030,569.23, identified as OWDA Loan No. CS392624-01; and
WHEREAS, it is immediately necessary for the City Council to both appropriate the proceeds from the aforementioned loan agreement and to authorize the expenditure of funds from the Ohio Water Pollution Control Loan Fund; and
WHEREAS, it is necessary for this City Council to authorize the Director of Public Utilities to execute a contract for the construction of the Columbus/Kossuth Streets Sewer Replacement Project; to appropriate and authorize the expenditure of the proceeds from the aforementioned loan; and to amend the 2004 Capital Improvements Budget pursuant to the construction; at the earliest practicable date; n...
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