Explanation
BACKGROUND: To obtain the Division of Electricity's objectives of Project 2020 and its mission statement to provide reliable street lighting, capital expenditures are necessary for the purchase of materials and services for the construction of street lighting projects. These materials and services will be obtained, as needed, in compliance with the provisions of Columbus City Code, Chapter 329 and Title 39. This legislation also authorizes a transfer of funds within to the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund and an amendment to the 2002 Capital Improvements Budget. The CIB amendment reflects an auditor's certificate cancellation that will provide additional budget authority.
FISCAL IMPACT: Funding is from the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund. This legislation authorizes the transfer and the expenditure of funds.
Title
To amend the 2002 Capital Improvements Budget; to authorize the transfer of $11,291.31 within the Voted Street Lighting and Electricity Distribution Fund; to authorize capital expenditures for the purchase of materials and services required for the construction of street lighting projects; and to authorize the expenditure up to an amount not to exceed $47,000.00 from the Voted Street Lighting and Electricity Distribution Improvements Fund. ($47,000.00)
Body
WHEREAS, the Division of Electricity requires capital expenditures for the construction of street lighting projects; and
WHEREAS, said capital expenditures will be in accordance with Columbus City Codes, Chapter 329; and
WHEREAS, an amendment to the 2002 Capital Improvements Budget Ordinance 1674-02 is necessary to reflect the additional authority made available from an auditor's certification cancellation; and
WHEREAS, transfer of funds within the Voted 1995 and 1999 Street Lighting and Electricity Distribution Improvements Fund is necessary to pro...
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