Explanation
The purpose of this legislation is to authorize the transfer of accountability of the properties located at 3500 and 3568 Indianola Avenue, Columbus OH 43214 from the Division of Power to the Division of Water. The approximate registered book value of the properties net of depreciation is $2.23 million.
The City of Columbus purchased the properties located at 3500 and 3568 Indianola Avenue in 1998 for the Department of Public Utilities, Division of Power. The properties total approximately 143,000 square feet. The buildings currently house the Division of Power operation (95 employees) and the metering and field services section of the Division of Water (101 employees). Over time the Division of Water has utilized an increased portion of the buildings and the Director of Public Utilities is requesting that the accountability of the properties be transferred from the Division of Power Enterprise to the Division of Water Enterprise.
Under this change of accountability, the Division of Power will pay an appropriate amount for rent costs to be determined by the Director of Public Utilities and subject to the approval of the City Auditor.
In addition, the Division of Power will pay an appropriate portion of debt service as determined by the Director of Public Utilities and subject to the approval of the City Auditor.
Title
To authorize the City Auditor the transfer of accountability of the properties located at 3500 and 3568 Indianola Avenue having an approximate book value net of depreciation of $2.23 million from the Division of Power to the Division of Water.
Body
WHEREAS, the City of Columbus purchased the properties located at 3500 and 3568 Indianola Avenue in 1998 for the Department of Public Utilities, Division of Power, and
WHEREAS, the building currently houses the Division of Power operation (95 employees) and the metering and field services section of the Division of Water (101 employees), and
WHEREAS, the Division of Water utiliz...
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