Explanation
1. BACKGROUND:
This legislation will authorize the Director of Public Utilities to modify the construction contract with the Complete General Construction Company for the Hiawatha Park/Atwood Sanitary Relief Sewer Project.
This modification is necessary to allow the City to pay the contractor for ancillary storm sewer improvements that are ineligible under the the terms of the loan that the city received from the Ohio Water Development Authority.
2. FISCAL IMPACT:
This contract modification is required to provide separate funding for storm sewer improvement items that have been deemed ineligible during the construction of the project improvements. This ordinance will authorize the transfer and expenditure of residual bond funds for purposes of providing funding for this request. This ordinance further requests and amendment to the 2005 Capital Improvements Budget to authorize the utilization of Sewer System Permanent Improvements Fund No. 671 carryover funds.
3. EMERGENCY LEGISLATION:
The Division of Sewerage and Drainage is requesting City Council to consider this legislation an emergency measure in order to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize the Director of Public Utilities to modify a contract with the Complete General Construction Company for the Hiawatha/Atwood Sanitary Relief Sewer Project; to authorize the transfer and expenditure of $7,725.44 from within the Sewer System Permanent Improvements Fund; to amend the 2005 Capital Improvements Budget; for the Division of Sewerage and Drainage, and to declare an emergency. ($7,725.44)
Body
WHEREAS, the Ohio Water Development Authority approved a loan to the City of Columbus on July 31, 2003, in the amount of $1,497,368.69, identified as OWDA Loan No. 3916; and
WHEREAS, Ordinance No. 2244-2001, as passed D...
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