Explanation
Background: Ordinance No. 0362-2009, passed March 30, 2009, authorizing the City Attorney to acquire certain property rights, and to expend monies in connection with the Big Walnut Augmentation Rickenbacker Interceptor (BWARI) Lockbourne Intermodal Subtrunk Project. The preliminary amount of funding originally made available for this project was done so with the understanding that additional monies may be necessary at certain points during the acquisition process to cover anticipated settlement costs, and those staff hours necessary to the projects completion. The following legislation authorizes the transfer and expenditure of additional funds within the Sanitary Sewer Revenue Bonds Fund for payment of acquisition costs in connection with the Big Walnut Augmentation Rickenbacker Interceptor (BWARI) Lockbourne Intermodal Subtrunk Project.
Fiscal Impact: This ordinance authorizes the transfer within and expenditure of $100,000.00 in funds from the Sanitary Sewer Build America Bonds (B.A.B.s) Fund; and to amend to the 2010 Capital Improvements Budget to establish sufficient budget authority for this project.
Emergency Justification: Emergency action is requested to allow the additional funds necessary to the completion of the acquisition phase of this project to be transferred in to the appropriate fund and expended without delay.
Title
To provide additional funding necessary to the on going acquisition of fee simple title and lesser interests in connection with the Big Walnut Augmentation Rickenbacker Interceptor (BWARI) Lockbourne Intermodal Subtrunk Project; to amend the 2010 Capital Improvement budget; to authorize the transfer and expenditure of $100,000.00 from within the Sanitary Sewer Build America Bonds (B.A.B.s) Fund, for the Division of Sewerage and Drainage; and to declare an emergency. ($100,000.00).
Body
WHEREAS, the City of Columbus is engaged in the Big Walnut Augmentation Rickenbacker Interceptor (...
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