City of Columbus - File #: 2307-2003

• File #: 2307-2003
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/6/2003
• In control: Utilities Committee
• On agenda: 10/27/2003
• Final action: 10/28/2003
• Title: To authorize the Director of Public Utilities to pay the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority, for a Sewerage and Drainage Division project; to authorize the expenditure or $389,610.00; and to declare an emergency. ($389,610.00)

Date	Ver.	Action By	Action	Result
10/28/2003	1	MAYOR	Signed
10/28/2003	1	CITY CLERK	Attest
10/27/2003	1	Columbus City Council	Approved	Pass
10/27/2003	1	COUNCIL PRESIDENT	Signed
10/17/2003	1	CITY ATTORNEY	Reviewed and Approved
10/17/2003	1	Utilities Drafter	Sent to Clerk's Office for Council
10/16/2003	1	Utilities Drafter	Sent for Approval
10/15/2003	1	Utilities Drafter	Sent for Approval
10/15/2003	1	Auditor Reviewer	Reviewed and Approved
10/15/2003	1	CITY AUDITOR	Reviewed and Approved
10/14/2003	1	UTILITIES DIRECTOR	Reviewed and Approved
10/10/2003	1	UTILITIES DIRECTOR	Reviewed and Approved
10/8/2003	1	Utilities Reviewer	Reviewed and Approved
10/6/2003	1	Utilities Drafter	Sent for Approval

Explanation

1. BACKGROUND

A. Need: This legislation is needed for the City to pay the loan application fee for a loan agreement totaling $111,317,000.00, for the BWARI, Part 1 project. This Sanitary System Engineering Section project (identified in Section 1.) is scheduled to be approved for financing through the Ohio Water Pollution Control Loan Fund (WPCLF). This loan program is jointly administered by the Ohio EPA's Division of Environmental and Financial Assistance, and the Ohio Water Development Authority(OWDA). The WPCLF provides below-market interest rate loans for municipal wastewater treatment improvements.

B. Emergency Designation: The City is required to pay the loan application fee upon the execution of the loan agreement, scheduled for approval at the OWDA October 30, 2003 board meeting. Fund Payment Requests cannot be processed until the fee is paid.

C. FISCAL IMPACT
Budgeted Amount: There is sufficient budget authority in the 2003 Sewer System Operating Fund for application fee expenditures.

Title

To authorize the Director of Public Utilities to pay the Water Pollution Control Loan Fund application fee to the Ohio Water Development Authority, for a Sewerage and Drainage Division project; to authorize the expenditure or $389,610.00; and to declare an emergency. ($389,610.00)

Body

WHEREAS, a Sewerage and Drainage Division project has been scheduled for financing through an Ohio Water Pollution Control Loan Fund award on October 30, 2003, which financial assistance will help to reduce the total project costs to the City's sewerage customers; and

WHEREAS, it is necessary to authorize the Director of Public Utilities to pay the requisite loan application fee to the Ohio Water Development Authority payable upon the delivery of the executed loan agreement; and

WHEREAS, an emergency exists in the usual daily operation of the Division of Sewerage and Drainage, Department of Public Utilities, in that it is imm...