Explanation
BACKGROUND: This legislation authorizes the Director of Public Utilities to amend the Sewer and Water service agreements with the City of New Albany and to also authorize the Director to enter into a reimbursement agreement to reimburse the City of New Albany Ohio for a portion of the construction of a water tank. Both actions are necessary to provide utility service to the new revenue/equity sharing area, as provided for in the Economic Development Agreement with New Albany.
The Economic Development Agreement relates to New Albany's annexation of approximately 2,426 acres within Licking County. As a result of this agreement the Sewer and Water agreements with the City of New Albany will need amended to include the increased service area. The Economic Development Agreement between the City of Columbus, Ohio and City of New Albany, Ohio has been approved under Ordinance No. 1547-2011, passed September 26, 2011.
In order to service the new revenue/equity sharing area, the City of New Albany is building a new water tank. As the tank would provide shared benefit, the City of Columbus has agreed, in accordance with the Economic Development Agreement, to enter into a reimbursement agreement to reimburse New Albany for a portion of the cost of construction up to $2,500,000.
FID#: 31-0649470
FISCAL IMPACT: This legislation includes a transfer of funds within the Water Works Enlargement Voted Bonds Fund and an amendment to the 2011 Capital Improvements Budget.
Title
To authorize the Director of Public Utilities to amend the Sewer and Water service agreements with the City of New Albany; to authorize the Director to enter into a reimbursement agreement with the City of New Albany for a portion of the construction of a water tank in accordance with the Economic Development Agreement with the City of New Albany; for the Divisions of Sewerage and Drainage and Power and Water; to authorize a transfer of funds within the Water Works Enlargeme...
Click here for full text