Explanation
BACKGROUND: This legislation is to reimburse the City of Reynoldsburg for the installation of approximately 1,200 linear feet of 8-inch and 6-inch water mains on Rosehill Road between Shenandoah Drive and Red Coach Lane. The water line was installed during the reconstruction of Rosehill Road by the City of Reynoldsburg and will only serve City of Columbus customers. Final bid quantities have been tallied, and the agreed upon amount owed to the City of Reynoldsburg is $104,879.00.
FISCAL IMPACT: This legislation includes a transfer of funds within the Water Works Enlargement Voted Bonds Fund and a transfer of funds from the Water System Reserve Fund to the Water Works Enlargement Voted Bonds Fund as a temporary measure until such time as the proceeds from a bond sale can be made available. An amendment to the 2009 Capital Improvements Budget is also necessary.
Title
To authorize the Director of Public Utilities to reimburse the City of Reynoldsburg for water line construction on Rosehill Road; to authorize the transfer of $71,819.28 within the Water Works Enlargement Voted Bonds Fund; to authorize the appropriation and transfer of $33,059.72 from the Water System Reserve Fund to the Water Works Enlargement Voted Bonds Fund; to authorize the expenditure of $104,879.00 from the Water Works Enlargement Voted Bonds Fund; and to authorize an amendment to the 2009 Capital Improvements Budget; for the Division of Power and Water. ($104,879.00)
Body
WHEREAS, the Department of Public Utilities agreed to reimburse the City of Reynoldsburg for water line construction on Rosehill Road as this water line will only serve City of Columbus customers; and
WHEREAS, final bid quantities have been tallied and the agreed upon amount owed to the City of Reynoldsburg is $104,879.00; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds within the Water Works Enlargement Voted Bonds Fund; and
WHER...
Click here for full text