Explanation
Background: This legislation authorizes the Division of Power and Water (Power) to reimburse the Division of Power and Water (Water) for electricity capital equipment. The Power Section of the Division of Power and Water worked jointly with the Water Section to install electricity infrastructure in support of the Morse/Hamilton Road Booster Station Project. A change in the project plan significantly eliminated the need for the purchased electricity capital equipment. The Power Section wishes to purchase the capital equipment from the Water Section so that they may be used in other Division of Power and Water (Power) Capital Improvement Projects.
Fiscal Impact: This legislation includes a transfer of funds within the Electricity Permanent Improvement Fund and an amendment to the 2009 Capital Improvements Budget to allow sufficient cash and authority to be available in the proper project to cover the necessary expenditure.
Title
To authorize the Director of Public Utilities and the Division of Power and Water (Power) to reimburse the Division of Power and Water (Water) for capital equipment; to amend the 2009 Capital Improvements Budget; to authorize the transfer, and expenditure of $438,861.64 from the Electricity Permanent Improvement Fund for the Division of Power and Water (Power). ($438,861.64)
Body
WHEREAS, the Division of Power and Water (Power) agreed to reimburse the Division of Power and Water (Water) for capital equipment; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds within the Electricity Permanent Improvement Fund; and
WHEREAS, it is necessary to authorize an amendment to the 2009 Capital Improvements Budget for purposes of creating and providing sufficient funding and expenditure authority for the aforementioned project expenditures; and
WHEREAS, it is necessary for City Council to authorize the expenditure of funds from the Electricity Permanent Impr...
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