Explanation
1. BACKGROUND
NEED: The District Three Public Works Integrating Committee and the Ohio Public Works Commission requires this legislation which authorizes the Director of Public Utilities to submit applications for grants, credit enhancements and loans for capital infrastructure improvement projects.
2. FISCAL IMPACT: N/A
3. EMERGENCY DESIGNATION: The City is required to submit a copy of approved legislation authorizing the Director of the Department of Public Utilities to apply for financial assistance from the state of Ohio Public Works Commission before the application for assistance can be evaluated. The deadline for applications is September 11, 2006. This legislation must be passed on or before that date.
Title
To authorize the Director of Public Utilities to submit applications for grants, credit enhancements and loans, to the District Three Public Works Integrating Committee and the Ohio Public Works Commission, for three Division of Sewerage and Drainage Capital Improvement Projects, and to declare and emergency.
Body
WHEREAS, pursuant to Article VIII, Section 2K of the Ohio Constitution, the State of Ohio is authorized to issue bonds and other obligations of the state for the purpose of financing public infrastructure capital improvements of political subdivisions as designated by law; and
WHEREAS, pursuant to Section 164.06 of the Ohio Revised Code, the District Three Public Works Integrating Committee has been created to accept, evaluate and recommend applications for state financing of capital infrastructure improvement projects of political subdivisions in Franklin County; and
WHEREAS, pursuant to Section 164.05 of the Ohio Revised Code, the Ohio Public Works Commission has been created to accept and approve applications for state financing of capital infrastructure improvement projects of political subdivisions in Franklin County; and
WHEREAS, the City of Columbus Department of Public Ut...
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