.Explanation
BACKGROUND:
This legislation authorizes the Director of Public Utilities to enter into a construction contract with the Complete General Construction Company in connection with the Sanitary System Rehabilitation-Downtown Small Diameter Sewer Improvements Project.
2. FISCAL IMPACT:
The Division is requesting authority to transfer funds from the Sewer System Reserve Fund to the 1991 Voted Sanitary Bond Fund for purposes of providing the temporary funding needed until such time as bonds can be sold. The Division has sufficient spending authority within the proposed 2006 Capital Improvements Budget to fund this project.
Title
To Authorize the Director of Public Utilities to enter into contract with the Complete General Construction Company, for the construction of the Sanitary System Rehabilitation-Downtown Small Diameter Sanitary Sewer Improvements Project, to authorize the appropriation, transfer and expenditure of $1,314,375.90 from the Sewer System Reserve Fund to the Voted Sanitary Bond Fund for the Division of Sewerage and Drainage. ($1,314,375.90)
Body
WHEREAS, one competitive bid for the construction of the Sanitary System Rehabilitation-Downtown Small Diameter Sewer Improvements Project, were received on June 7, 2006; and
WHEREAS, it is necessary for City Council to authorize the Director of the Department of Public Utilities to award and execute a contract for the construction of the Sanitary System Rehabilitation-Downtown Small Diameter Sewer Improvements Project; and to authorize the transfer of the required funds within the Voted Sanitary Bond Fund; at the earliest practicable date, now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That from the unappropriated monies in the Sewer System Reserve Fund, and from all monies estimated to come into said fund from any and all sources, and unappropriated for any other purpose during the fiscal year ending December 31, 2006, the ...
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