Explanation
Background: The following is an ordinance to authorize the City Attorney to acquire fee simple title, contract for professional services, and to expend the monies for payment of acquisition costs in connection with the Idlewild Drive Storm Sewer Project.
Fiscal Impact: This ordinance authorizes the transfer and appropriation of funds from the Storm Sewer Reserve Fund and a transfer within the Storm Sewer Bond Fund for this expenditure. There is sufficient authority for this expenditure upon passage of this ordinance. Monies for this contract will be provided from an upcoming Bond Sale via the transfer detailed in this ordinance.
Emergency Justification: Emergency action is requested to allow the acquisition of the parcels necessary for this project to proceed without delay in order to commence construction as soon as possible.
Title
To authorize the City Attorney to acquire fee simple title; contract for professional services; to authorize the transfer and appropriation of $30,000.00 from the Storm Sewer Reserve Fund; and to expend $30,000.00 from the Storm Sewer Bond Fund for costs in connection with the Idlewild Drive Storm Sewer Project, and to declare an emergency. ($30,000.00).
Body
WHEREAS, the City of Columbus is engaged in the Idlewild Drive Storm Sewer Project and
WHEREAS, it is necessary to authorize the transfer and appropriation of funds from the Storm Sewer Reserve Fund to the Voted Storm Sewer Bond Fund for purposes of providing sufficient funding for this project expenditure; and
WHEREAS, the City anticipates incurring certain Original Expenditures (as defined in Section 1.150-2(c) of the Treasury Regulations (the "Treasury Regulations") promulgated pursuant to the Internal Revenue Code of 1986, as amended) with respect to the construction of the Project described in this Ordinance (collectively, the "Project").
WHEREAS, an emergency exists in the usual daily operation of the Department of Public U...
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