Explanation
On August 28, 1991 the City entered into an Airport Operation and Use Agreement with the Columbus Municipal Airport Authority (now known as the Columbus Regional Airport Authority). Under that agreement, the City was obligated to convey real property owned by the City and dedicated to airport operation at Port Columbus and Bolton Field once the Authority paid of all of the City debt issued for the airport assets. The Authority made the last payment in December of 2007 and the City transferred the real property. However, at the time of the transfer there were several parcels for which surveys were required. The Agreement provided for the City and Authority to split the cost of the surveys. The Authority agreed to pay the entire cost subject to reimbursement by the City. The total costs of these surveys have been determined and the authority has submitted an invoice for the City's share. The following legislation authorizes reimbursement to the Columbus Regional Airport Authority of the City's portion of survey fees as agreed in the Airport Operation and Use Agreement between the City and Airport Authority
Fiscal Impact: Funding for this expenditure will come from the General Fund as specified in the body of this ordinance.
Emergency Justification: The total costs of these surveys have been determined and the Columbus Regional Airport Authority has submitted an invoice for the City's share. Emergency action is requested to allow for the payment of the City's share of the survey fees in order to avoid additional costs such as interest and/or late fees.
Title
To authorize the Director of Finance and Management to reimburse the Columbus Regional Airport Authority for the City's portion of professional survey fees as agreed in the Airport Operation and Use Agreement between the City and Airport Authority; to authorize the expenditure of $31,871.63 from the General Fund, and to declare an emergency. ($31,871.63)
Body
WHEREAS, On August 28, 1991 the City entered into an Airport Operation and Use Agreement with the Columbus Municipal Airport Authority (now known as the Columbus Regional Airport Authority); and
WHEREAS, under that agreement, the City was obligated to convey real property owned by the City and dedicated to airport operation at Port Columbus and Bolton Field once the Authority paid of all of the City debt issued for the airport assets; and
WHEREAS, the Authority made the last payment in December of 2007 and the City transferred the real property; and
WHEREAS, at the time of the transfer a number of surveys were ordered, and the Agreement provided the City and Authority would split the cost of surveys; and
WHEREAS, the Authority agreed to pay the entire cost subject to reimbursement by the City. The total costs of these surveys have been determined and the authority has submitted an invoice for the City share; and
WHEREAS, an emergency exists in the usual daily operation of the City in that it is immediately necessary to authorize the this reimbursement so as not to delay the resulting benefit to the City and 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 Finance and Management be and he hereby is authorized to reimburse Columbus Regional Airport Authority for the City's portion of professional survey fees as agreed in the Airport Operation and Use Agreement between the City and the Columbus Regional Airport Authority.
Section 2. That the amount of $31,871.63 be and hereby is authorized to be expended from the Department No. 45-50, General Fund, Fund 010, OCA Code 450037, Object Level 1: 03, Object Level 3: 3409.
Section 3. That for the reasons set forth in the preamble hereto, which is hereby incorporated herein by reference, this measure is deemed to be an emergency measure and shall take effect and be in force from and immediately after its passage and signature by the Mayor or within ten (10) days thereafter if the Mayor neither signs nor vetoes the same.