Explanation
Background: This ordinance authorizes the Finance and Management Director to acquire property on behalf of the Department of Public Utilities, consisting of approximately 373.916 acres on Lockbourne Road and identified as Franklin County Tax Parcels 150-000411, 150-000820, 150-000821, and 150-000683 Lockbourne, Ohio, 43137. Water treatment residuals are created as a byproduct of the water treatment process and management of these residuals is an integral part of the treatment process. The City’s McKinley Quarry location is the current disposal site for treatment residuals from all three water treatment plants. Capacity of the McKinley Quarry is limited. Purchase of this property will provide the Department of Public Utilities, Division of Water, a site proximate to the Parsons Avenue Water Plant (PAWP) to serve as a potential reservoir for the disposal of its water treatment residuals thereby reducing residual disposal costs and extending the life of the McKinley Quarry for use for the disposal of residuals from the City’s two other water treatment plants. The site may also possibly serve as an additional water source for the Plant.
This legislation authorizes the Director of Finance and Management to execute those documents necessary to purchase the real property from The National Lime And Stone Company and authorizes a transfer and expenditure of funds in an amount up to Three Million Six Hundred Thousand and 00/100 Dollars ($3,600,000.00) for payment of all costs associated with the acquisition of the real property.
Fiscal Impact: Funding of $3,600,000.00 is budgeted and available within the Water G.O. Bonds Fund to pay costs associated with the acquisition.
Emergency Justification: Emergency action is requested to allow for the immediate execution of the purchase agreement by the City so that the acquisition can proceed without delay in agreement with the closing transaction deadlines and other terms of the purchase agreement in order to secur...
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