Explanation
BACKGROUND: This ordinance authorizes the Director of Public Utilities to write off the debts owed to the Division of Water for the uncollectible asset recovery account, as follows:
ACCOUNT NO. NAME ACCIDENT LOCATION AMOUNT
1656604-1286875 Time Warner Cable 900 N. Hamilton Road $292,441.56
These charges were for damages caused to a forty-eight inch mainline located at 900 North Hamilton Road on May 31, 2011. Time Warner Cable, as the owner of the job, had contracted with DB Direct, LLC to provide directional boring to place underground cable lines. During the course of the boring, the forty-eight inch water mainline was struck. The division has been advised by the City Attorney's Office that because the location of the water line in question had been misidentified, the amount due is uncollectible. Therefore, the Department of Public Utilities is requesting authorization to write the account off as uncollectible.
FISCAL IMPACT: Formally writing off this debt as uncollectible officially recognizes that the City will forego this revenue. This step is prudent to maintaining accurate, timely and realistic accounting records.
Title
To authorize the Director of Public Utilities to write off, as uncollectible, an unpaid account due to the City of Columbus, Department of Public Utilities, Division of Water, in the amount of Two Hundred Ninety-Two Thousand, Four Hundred Forty-One Dollars and Fifty-Six Cents. ($292,441.56)
Body
WHEREAS, the Division of Water incurred damage to a forty-eight inch mainline located at 900 North Hamilton Road; and
WHEREAS, the Division of Water incurred costs related to the repair of the damaged water mainline in the amount of Two Hundred, Ninety-Two Thousand, Four Hundred Forty-One Dollars and Fifty-Six Cents; and
WHEREAS, the City Attorney has advised that because the location of the water line in question had been misidentified, the amount is uncollectible; and
WHEREAS, it has become necessa...
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