Explanation
1. BACKGROUND:
This legislation will authorize the appropriation and transfer of funds within the Sewer System Permanent Improvements Fund for purposes of establishing funding for the City's ineligible costs associated with four sanitary sewer relief projects located within the North Linden community. The Ohio EPA has determined that pavement related items are ineligible for funding, and it is therefore the City's responsibility of fund these items with other funding.
This legislation will also authorize the appropriation of proceeds from an existing Ohio Water Development Authority loan proceeds which are needed to allow for the procurement of construction administration and inspection services that are being requested within companion legislation.
2. FISCAL IMPACT:
This legislation will enable the Division of Sewerage and Drainage to facilitate an adjustment to existing City Auditor's Contract No. EL005013 with the Complete General Construction Company, by canceling the ineligible funds from the OWDA funded contracts and replacing them with Sewer System Permanent Improvement Funds.
3. EMERGENCY LEGISLATION:
The Division of Sewerage and Drainage is requesting City Council to consider this legislation an emergency measure in order to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
Title
To authorize the appropriation and transfer of $161,140.00 from within the Sewer System Permanent Improvements Fund; and the appropriation of $356,669.03 from within the Ohio Water Pollution Control Loan Fund in connection with four sanitary sewer relief projects located within the North Linden community; for the Division of Sewerage and Drainage, and to declare an emergency. ($161,140.00)
Body
WHEREAS, the Ohio Water Development Authority approved a loan to the City of Columbus on October 28, 2004, in...
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