City of Columbus - File #: 0907-2011

• File #: 0907-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/6/2011
• In control: Development Committee
• On agenda: 6/27/2011
• Final action: 6/28/2011
• Title: To authorize and direct the City Auditor to transfer $641,639.98 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $160,410.00 in cash from the Special Income Tax Fund to the General Fund; to authorize and direct the City Auditor to make payments totaling $641,639.98 in accordance with the Downtown Office Incentive Program agreements; to authorize the expenditure of $641,639.98 from the General Fund; and to declare an emergency. ($641,639.98)

Date	Ver.	Action By	Action	Result
6/28/2011	1	MAYOR	Signed
6/28/2011	1	CITY CLERK	Attest
6/27/2011	1	Columbus City Council	Taken from the Table	Pass
6/27/2011	1	Columbus City Council	Approved as Amended	Pass
6/27/2011	1	Columbus City Council	Amended to 30 day	Pass
6/27/2011	1	COUNCIL PRESIDENT	Signed
6/20/2011	1	Columbus City Council	Tabled to Certain Date	Pass
6/10/2011	1	Auditor Reviewer	Reviewed and Approved
6/10/2011	1	CITY AUDITOR	Reviewed and Approved
6/10/2011	1	Dev Drafter	Sent for Approval
6/10/2011	1	CITY ATTORNEY	Reviewed and Approved
6/10/2011	1	Dev Drafter	Sent to Clerk's Office for Council
6/9/2011	1	Finance Reviewer	Reviewed and Approved
6/9/2011	1	Finance Reviewer	Reviewed and Approved
6/9/2011	1	FINANCE DIRECTOR	Reviewed and Approved
6/9/2011	1	Dev Drafter	Sent for Approval
6/8/2011	1	Finance Reviewer	Reviewed and Approved
6/7/2011	1	Dev Drafter	Sent for Approval
6/6/2011	1	Dev Drafter	Sent for Approval
6/6/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: Resolution 0088X-2007, adopted June 4, 2007, supported the continuation of the Columbus Downtown Office Incentive Program (DOI) as one of the development tools needed to implement the Downtown Business Plan. This legislation authorizes the payments to employers who have met the requirements of their Downtown Office Incentive Program agreement.

For tax year 2010, the City of Columbus had a total of ten (10) active DOI projects for which employers have met the requirements of their DOI agreements and thus are eligible to receive their payments for 2010. The total dollar amount to be disbursed for these ten (10) 2010 DOI payments is $641,639.98. The ten (10) projects with the DOI payment subtotals are as follows: $13,837.79 to Brady, Ware & Shoenfeld; $7,493.35 to Engauge; $4,752.52 to GSP/OH Inc.; $37,354.72 to Motorists Insurance Group; $25,968.97 to Ohio Credit Union League & Affiliate; $250,000.00 to OhioHealth Corporation; $18,544.43 to Plante & Moran and Affiliates (Agreement #2); $187,660.69 to Resource Interactive; $83,543.15 to SBC Advertising; and $12,484.36 to Teng & Associates.

FISCAL IMPACT: This ordinance authorizes and directs the City Auditor to transfer $160,410.00 from the Special Income Tax Fund to the General Fund and authorizes the transfer and expenditure of $641,639.98 within the General Fund. The transfer amount of $160,410.00 has been factored into the current special income tax analysis and resultant capital capacity. The remaining amount of the payment was included in the 2011 General Fund Budget.


Title

To authorize and direct the City Auditor to transfer $641,639.98 within the General Fund; to authorize and direct the City Auditor to appropriate and transfer $160,410.00 in cash from the Special Income Tax Fund to the General Fund; to authorize and direct the City Auditor to make payments totaling $641,639.98 in accordance with the Downtown Office Incentive Program agreements; to authorize the exp...