Explanation
BACKGROUND: This legislation authorizes the Director of Public Utilities to reimburse the City of Reynoldsburg for the cost of design and construction of a 24" water main on East Broad Street from Waggoner Road to the Taylor Road Tank Yard. The City of Columbus agreed to pay fifty percent (50%) of the total cost. This agreement was in the form of a signed letter from the Director of Public Utilities to the City of Reynoldsburg. Once the new water main has been accepted and put into service the City of Columbus will be responsible for the operation and maintenance of this main as part of their distribution system.
FISCAL IMPACT: This legislation includes a transfer of funds within the Water Works Enlargement Voted 1991 Bonds Fund and an amendment to the 2007 Capital Improvements Budget.
Title
To authorize the Director of Public Utilities to reimburse the City of Reynoldsburg for the cost of design and construction of a 24" water main on East Broad Street from Waggoner Road to the Taylor Road Tank Yard; for the Division of Power and Water; to amend the 2007 Capital Improvements Budget; and to authorize the transfer and expenditure of $900,000 from the Water Works Enlargement Voted 1991 Bonds Fund. ($900,000.00)
Body
WHEREAS, the City of Columbus agreed to reimburse the City of Reynoldsburg for the cost of design and construction of a 24" water main on East Broad Street from Waggoner Road to the Taylor Road Tank Yard; and
WHEREAS, the City of Columbus agreed to pay fifty percent (50%) of the total cost; and
WHEREAS, it is necessary to authorize an amendment to the 2007 Capital Improvements Budget for purposes of providing sufficient funding and spending authority for the aforementioned project expenditures; and
WHEREAS, it is necessary for this Council to authorize the City Auditor to transfer funds within the Water Works Enlargement Voted 1991 Bonds Fund; and
WHEREAS, it has become necessary in the usual daily ...
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