Explanation
BACKGROUND: This legislation authorizes the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement agreement with HOMEWOOD CORPORATION for the Big Walnut Sewer Trunk, Central College Road project. The project will include extension of the Central College Subtrunk sewer from its current terminus just east of the intersection of Central College Road and Course Drive to Hamilton Road, then north into the proposed Homewood development. The project consists of 5,474 linear feet of sewer installation ranging in size from 30-in diameter to 12-in diameter.
Upon passage of this Ordinance, the City of Columbus will agree to pay a guaranteed maximum reimbursement of $2,631,071.81 to HOMEWOOD CORPORATION for the Central College Big Walnut Subtrunk Project. The developer has agreed to construct the improvements at their cost and then obtain reimbursement from the City. Funding for the reimbursement is provided by the Department of Public Utilities.
A guaranteed maximum cost reimbursement with HOMEWOOD CORPORATION provides that they construct the public improvement on the City's behalf; and that the project is publicly bid and subject to reimbursement agreement with the City.
DESIGNATION: An emergency designation is not requested for this legislation.
CONTRACT COMPLIANCE NO.: 31-0685947 | Exp. 04/15/2015 | MAJ
FISCAL IMPACT: This legislation authorizes the Director of Public Utilities to transfer within and expend up to $2,631,071.81 from the Sanitary General Obligation Bond Fund, Fund 664, for the Central College Big Walnut Subtrunk Project and to amend the 2013 Capital Improvements Budget.
Title
To authorize the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement agreement with HOMEWOOD CORPORATION, pursuant to Section 186 of the Columbus City Charter for a sewer extension as part of the Central College Big Walnut Subtrunk Sewer Project for the Division of Sewerage and Drainage; to authorize the transfer with and expenditure of up to $2,631,071.81 from the Sanitary General Obligation Bond Fund 664, and to amend the 2013 Capital Improvements Budget. ($2,631,071.81)
Body
WHEREAS, the Director of Public Utilities needs to enter into a Guaranteed Maximum Reimbursement agreement with HOMEWOOD CORPORATION for extension of the Central College Subtrunk Sewer; and
WHEREAS, the Department of Public Utilities will pay, with funds provided by the Department of Public Utilities, a guaranteed maximum reimbursement of $2,631,071.81; and
WHEREAS, it is necessary for the City Council to authorize a transfer within and an expenditure of funds from the General Obligation Bond Fund, Fund 664; and
WHEREAS, it is necessary for Council to authorize the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement Agreement with HOMEWOOD CORPORATION, for the Big Walnut Sewer Trunk, Central College Road at the earliest practical date for the preservation of the public health, peace, property, safety and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Public Utilities is authorized to enter into a Guaranteed Maximum Reimbursement agreement with HOMEWOOD CORPORATION, pursuant to Section 186 of the Columbus City Charter for the construction of a sewer extension of the Central College Subtrunk to serve the proposed Homewood Development, for the Division of Sewerage and Drainage.
SECTION 2. That the City Auditor is hereby authorized to transfer of $2,631,071.81 within the Department of Public Utilities, Division of Sewerage and Drainage | Div. 60-05 | Sanitary Sewer General Obligation Bond Fund | Fund No. 664 | Object Level Three 6630 | as follows:
From:
Project No. | Project Name | OCA Code | Change
650404-100037 | 2012 Annual Lining Contract | 640437| -$2,000,000.00
650490-100001 | BWARI Corrosion Investigation | 650490 | -$548,925.00
650749-100000 | Second Ave. Pump Station | 664749 | -$82,146.81
To:
Project No. | Project Name | OCA Code | Change
650033-100000 | Big Walnut Sewer Trunk, Central College Road | 650033 | +$2,631,071.81
SECTION 3. That the Director of Public Utilities be and hereby is authorized to expend up to a total of $2,631,071.81 from the Sanitary Sewer General Obligation Bond Fund | Fund No. 664 | into the Big Walnut Trunk Sewer 6F Project for a Guaranteed Maximum Reimbursement agreement | Div. 60-05 | Proj. 650033-100000 | OCA Code 650033 | Object Level One 06 |Object Level Three 6630.
SECTION 4. That the 2013 Capital Improvements Budget, Ord 0645-2013, is hereby amended as follows, to provide sufficient budget authority for the project expenditures stated in the ordinance herein.
Fund No. | Project No. | Proj. Name | Current | Revised | (Change)
650404-100037 | 2012 Annual Lining Contract | $2,000,000 | $0 | (-$2,000,000)
650490-100001 | BWARI Corrosion Investigation | $1,000,000 | $451,075 | (-$548,925)
650749-100000 | Second Ave. Pump Station | $250,000 | $167,853 | (-$82,147)
650033-100000 | Big Walnut Sewer Trunk, Central College Road | $0 | $2,631,072| (+$2,631,072)
SECTION 5. That the City Auditor is hereby authorized and directed to transfer any unencumbered balance in the project account to the unallocated balance within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies no longer required for said project; except that no transfer shall be made from a project account by monies from more than one source.
SECTION 6. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
SECTION 7. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this Ordinance.
SECTION 8. That this ordinance shall take effect and be in force from and after the earliest date allowed by law.