Title
AN ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF $650,000 OF NOTES, IN ANTICIPATION OF THE ISSUANCE OF BONDS, FOR THE PURPOSE OF PAYING COSTS OF IMPROVING THE CITY’S WATER SYSTEM BY CONSTRUCTING WATER MAINS; AND DECLARING AN EMERGENCY.
Brief Description: This ordinance allows for the financing of the installation of a new 12-inch watermain along Hudson Drive, Hudson Gate Drive, and connection to the existing 12-inch watermain at the Metro RTA railroad tracks water line as previously approved by City Council.
Body
Legislative History
19-76 - Resolution authorizing contracts for the acquisition of an easement and a pipeline occupancy agreement for the Hudson Drive waterline project
19-87 - Resolution authorizing contract with X-Press Underground for the Hudson Drive waterline improvement project
Purpose & Explanation
The purpose of the project was to support future economic development along Hudson Drive and Hudson Gate Drive and for the future expansion of the Hudson water distribution system. The project, designed in-house, included the installation of approximately 3,200 feet of new 12” water main which was installed by horizontal directional drilling in order to minimize disturbance to the hike and bike trail and Hudson Drive.
Legal Authority for Proposed Legislation
Pursuant to Charter Section 6.04, Contracts & Purchasing:
Competitively bid and advertised for two consecutive weeks; bid tab attached: NA
Joint or Cooperative Purchase Program
Professional Services
Other [provide explanation]
Fiscal Impact
Currently Budgeted (Account #, $)
Supplemental Appropriation Required (Account #, $)
X Appropriation Not Required
Does this legislation require use of an emergency clause?
X Yes. This will allow us to sell the note competitively and secure funding by year end.
No
Recommendation
Suggested Action
Staff recommends passage of the ordinance on first reading.
Submitted by,
Jane Howington, City Manager
Jeff Knoblauch, Asst City Manager-Finance Director