Explanation
BACKGROUND: This legislation authorizes the Director of Public Utilities to reimburse the City of Grove City, Ohio for its share in the construction of a 1.25 MG Elevated Water Tank.
Grove City is constructing a new 1.25 MG elevated water tower in which it is estimated provide service to about 2.9% of the Columbus area. The tank would provide shared benefit to the City of Columbus in accordance with our full service agreement with Grove City. The Department of Public Utilities approved to reimburse Grove City 2.9% of total cost of construction for the elevated tank.
The project was advertised and opened by the City of Grove City and CB&I Constructors was the successful bidder.
FID#: 31-6400527
FISCAL IMPACT: This legislation includes a transfer of funds within the Water Build America Bonds Fund and an amendment to the 2011 Capital Improvements Budget.
Title
To authorize the Director of Public Utilities to reimburse the City of Grove City, Ohio for its share in the construction of a Elevated Water Tank; for the Division of Power and Water; to authorize the transfer and expenditure of $80,000.00 from the Water Build America Bonds Fund; and to amend the 2011 Capital Improvements Budget. ($80,000.00)
Body
WHEREAS, the City of Grove City, Ohio is constructing a new 1.25 MG elevated water tower in which it is estimated provide service to about 2.9% of the Columbus area; and
WHEREAS, the City of Columbus agreed in accordance with our full service agreement with Grove City to reimburse 2.9% of total cost of construction; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds within the Water Build America Bonds Fund; and
WHEREAS, it is necessary to authorize an amendment to the 2011 Capital Improvements Budget for purposes of providing sufficient funding and expenditure authority for the aforementioned project expenditure; and
WHEREAS, it has become necessary in the u...
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