Explanation
1. BACKGROUND: The Department of Public Utilities, Division of Power, intends to enter into a Guaranteed Maximum Reimbursement Agreement with the Franklin County Engineer’s Office to construct a new overhead street lighting system on Steelwood Road, between Kenny Road and approximately 113 feet west of Kenny Road. The Franklin County Engineer’s Office will be financially responsible for the design, construction, and inspection of said system, up to a maximum amount of $58,512.50.
Improvements will be made at City cost and then reimbursed by the Franklin County Engineer’s Office. The Franklin County Engineer’s Office passed Resolution No. 0876-17, on December 12th 2017, whereby the County agreed to reimburse the City for this project.
2. FISCAL IMPACT: The Franklin County Engineer’s Office will provide reimbursement to the Department Public Utilities, Division of Power for 100% of the County’s share of the costs associated with the construction of the improvements described herein, up to a maximum amount of $58,512.50. Once the reimbursement is received the funds will be deposited into the Power Permanent Improvements Fund (Fund 6008).
Title
To authorize the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement Agreement with the Franklin County Engineer’s Office to construct a new overhead street lighting system on Steelwood Road; and to authorize a deposit up to $58,512.50 within the Power Permanent Improvements Fund.
Body
WHEREAS, the Director of Public Utilities intends to enter into a Guaranteed Maximum Reimbursement Agreement with the Franklin County Engineer’s Office to construct a new overhead street lighting system on Steelwood Road; and
WHEREAS, the Franklin County Engineer’s Office will reimburse the City for all design, construction, and inspection costs relating to the project, up to a maximum amount of $58,512.50; and
WHEREAS, it is necessary to authorize the deposit of the proceeds from the Franklin County Engineer’s Office when said funds are presented to the Department of Public Utilities; and
WHEREAS, it has become necessary in the usual daily operation of the Division of Power, Department of Public Utilities, to authorize the Director of Public Utilities to enter into a Guaranteed Maximum Reimbursement Agreement with the Franklin County Engineer’s Office to construct a new overhead street lighting system on Steelwood Road; thereby preserving 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 the Franklin County Engineer’s Office to construct a new overhead street lighting system on Steelwood Road, in an amount up to $58,512.50.
SECTION 2. That the City Auditor is hereby authorized to deposit the reimbursement amount from the Franklin County Engineer’s Office into the Power Permanent Improvements Fund, Fund 6008.
SECTION 3. That the funds necessary to carry out the purpose of this Ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 4. 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 5. That the City Auditor is authorized to establish proper project accounting numbers as appropriate.
SECTION 6. 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 7. That this Ordinance shall take effect and be in force from and after the earliest period allowed by law.