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File #: O-411-20    Version: 1 Name:
Type: Ordinance Status: Agenda Ready
File created: 10/5/2020 In control: Public Utilities Department
On agenda: 10/20/2020 Final action:
Title: Authorizing the mayor to apply for and enter into loan agreements with the Ohio Water Development Authority (OWDA), and to accept, deposit, appropriate, and expend loan proceeds in an amount not to exceed $23,000,000 into the Water Replacement Loan Fund for the High Service Pump Station Improvements Project; appropriating $100,000 from the Water Replacement Fund for the payment of loan administrative fees and miscellaneous project costs; authorizing various adjustments and transfers of expenses to comply with the loan agreements; authorizing a dedicated source for repayment of said loans; authorizing the mayor to accept bids and execute necessary agreements related to the project; and declaring an emergency.
Attachments: 1. Bullet Points
Label
HIGH SERVICE PUMP STATION
Division of Water Treatment
W. Henry (x1840)
(Revised)

Title
Authorizing the mayor to apply for and enter into loan agreements with the Ohio Water Development Authority (OWDA), and to accept, deposit, appropriate, and expend loan proceeds in an amount not to exceed $23,000,000 into the Water Replacement Loan Fund for the High Service Pump Station Improvements Project; appropriating $100,000 from the Water Replacement Fund for the payment of loan administrative fees and miscellaneous project costs; authorizing various adjustments and transfers of expenses to comply with the loan agreements; authorizing a dedicated source for repayment of said loans; authorizing the mayor to accept bids and execute necessary agreements related to the project; and declaring an emergency.

Body
SUMMARY & BACKGROUND:
The High Service Pump Station Improvements Project at the Collins Park Water Treatment Plant is being completed in two phases. The first phase, completed in 2019, was the upgrade of the electrical power supply, large motor starters, instrumentation, and control systems within the station. The second phase is refurbishment and/or replacement of the pumps, piping, valves, and building structure to extend the service life of the existing station an additional 30 years or more. The project also includes replacement of the Generator Building roof. To finance construction of the project, the Division of Water Treatment desires to secure funding from the OWDA Fresh Water Loan Program. Prior to loan approval, the OWDA requires an ordinance be passed authorizing the loan application, acceptance, and the execution of agreement as well as designating a dedicated repayment source for the loan funds.

The fiscal impact of this ordinance is as follows:
- The amount of funds requested: $23,100,000
- The expenditure budget line item: 663L-32000-4UL1920STDSTD, 6063-32000-4UC1920STDSTD
- New revenue generated (operational revenue, grants, if any): ...

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