Explanation
Background: This ordinance authorizes the transfer of an amount not to exceed $150,000 between projects within Fund 742 Development to pay for the final expenses related to the design and construction of Northland Park Roads Phase I. This is companion legislation to legislation authorizing the Director of Development to enter into a contract for $150,000 with Columbus Urban Growth Corporation (CUGC).
Fiscal Impact: $150,000 of capital dollars.
Emergency Justification: Emergency action is requested in order to maintain the development schedule for occupancy of the Retail Ventures structure and to start Phase II Roadway design.
Title
To authorize the City Auditor to transfer an amount not to exceed $150,000 between projects within Fund 742 Development for the purpose of paying final expenses related to Northland Park Roads Phase I; and to declare an emergency. ($150,000)
Body
WHEREAS, there is a need to close out the Northland Park Roadways Phase I construction project in order to open Northland Crossing, Northland Park Boulevard and Ventures Boulevard to the public; and
WHEREAS, outstanding construction items and contractor payments must be completed/satisfied before permission to open is granted; and
WHEREAS, it is necessary for the City Auditor to transfer an amount not to exceed $150,000 between projects within Fund 742 Development in order to close out this roadway project; and
WHEREAS, an emergency exists in the usual daily operation of the Office of the City Auditor in that it is immediately necessary to authorize the transfer of funds in order to finalize the construction of the three roadways in Northland Park Phase I for the preservation of the public health, peace, property and safety; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor be authorized to transfer an amount not to exceed One Hundred Fifty Thousand Dollars ($150,000) within the Development Fund 742 as follows:
TRANSFER FROM:
Department 44-01, Project No. 440104 Miscellaneous Economic Development, OCA Code 643106, $150,000
TRANSFER TO:
Department 44-01, Project No. 441742 Northland, OCA Code 441742, $150,000
Section 2. That this is companion legislation to legislation authorizing the Director of Development to enter into a contract with Columbus Urban Growth Corporation to finalize the construction of Northland Crossing, Northland Park Boulevard and Ventures Boulevard
Section 3. That funds necessary to carry out the purpose of this Ordinance are hereby deemed appropriated.
Section 4. That for reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after passage if the Mayor neither approves nor vetoes the same.