Explanation
1. BACKGROUND:
This legislation authorizes the Director of Public Utilities to reimburse the Columbus Regional Airport Authority (CRAA) for sanitary sewer improvements in connection with their Rail Campus East/West Projects. The CRAA agreed to incorporate the installation of two sanitary sewer lines into their Rickenbacker International Airport area project.
2. FISCAL IMPACT:
This legislation includes a transfer and appropriation of funds within the Sanitary Sewer Revenue Bonds Fund and an amendment to the 2008 Capital Improvements Budget to allow sufficient cash and authority to be available in the proper project to cover the necessary expenditure.
Title
To authorize the Director of Public Utilities to reimburse the Columbus Regional Airport Authority for the installation of two sanitary sewers, in coordination with the Columbus Regional Airport Authority's Rail Campus East/West Projects near Rickenbacker Airport; to amend the 2008 Capital Improvements Budget; to authorize the transfer, appropriation, and expenditure of $972,392.59 from the Sanitary Sewer Revenue Bonds Fund, for the Division of Sewerage and Drainage. ($972,392.59)
Body
WHEREAS, the Columbus Regional Airport Authority (CRAA), at the request of the Division of Sewerage and Drainage, Department of Public Utilities has incorporated the installation of sanitary sewer improvements into the CRAA's Rail Campus East/West Projects; and
WHEREAS, the installation of this sanitary infrastructure provides sewer services to the area and greatly improves the development opportunities at Rickenbacker; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer and appropriate funds within the Sanitary Sewer Revenue Bonds Fund; and
WHEREAS, it is necessary to authorize an amendment to the 2008 Capital Improvements Budget for purposes of creating and providing sufficient funding and expenditure authority for the aforementioned pro...
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