Explanation
1. BACKGROUND:
This legislation will authorize the Director of Public Utilities to apply for, accept, and enter into a Clean Ohio Green Space Conservation Grant Program agreement through the Ohio Public Works Commission. The total amount of the project cost is $357,500.00. The grant amount is $262,500.00 and the match amount provided by the Department of Public Utilities is $95,000.00. The match will be paid for via transfer from the Water Build America Bonds Fund into the Water Grants Fund.
The Clean Ohio Green Space Conservation grant is administered by the Ohio Public Works Commission. The Department of Public Utilities is applying for this grant for the placement of a conservation easement over 55 acres of land along the east side of the Hoover Reservoir in Delaware County between Harlem and Redbank Roads. This land encompasses one major stream and two smaller streams that empty into the Hoover Reservoir as well as the surrounding wooded riparian areas of each stream. Protecting this area will help prevent erosion, preserve the streams and steep-slope riparian areas adjacent to Hoover Reservoir, and protect the water quality of this raw water source for the City.
2. EMERGENCY:
The grant application deadline is October 31, 2012 and the Department of Public Utilities is requesting City Council deem this legislation an emergency measure to allow the Director to submit the application by the deadline and enter into the grant agreement as soon as possible upon award of the grant.
3. FISCAL IMPACT:
A grant match amount of $95,000.00 will be paid by the Department of Public Utilities should the Department be awarded the grant. The $95,000.00 in match amount will come via transfer from the Water Build America Bonds Fund into the Water Grants Fund. A transfer of funds within the Water Build America Bonds Fund will be necessary, as well as an amendment to the 2012 Capital Improvements Budget. This Ordinance also requests the authority for the C...
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