Explanation
Background:
This ordinance will authorize the Director of the Recreation and Parks Department to enter into a purchase contract with Capitol South Community Urban Redevelopment Corporation for the acquisition of the Old Deaf School Building, 400 East Town Street.
Capitol South Urban Redevelopment Corporation acquired the property at the request of the city in December 2004 at a cost of $1,800,000.
Capitol South Urban Redevelopment Corporation has managed the property and the tenants occupying the property from the time of the acquisition to the present incurring operating expenses of $252,923.
The Columbus Recreation and Parks Department is relocating their offices from the Whittier Peninsula to allow for the development of the Whittier Metro Park and Audubon Center. At the same time, the offices at 200 Greenlawn and City Hall will be moved to the new location.
The total amount of the expenditure, $2,052,923.00, includes the acquisition cost as well as the operating expenses incurred during the period from December 2004 to the present.
Emergency legislation is being requested to allow for the transfer of the property so that renovations can begin.
Fiscal Impact:
$2,052,923.00 is required and budgeted in the Voted 1999/2004 Parks and Recreation Bond Fund.
Title
To authorize the Director of the Recreation and Parks Department to enter into a purchase contract with Capitol South Community Urban Redevelopment Corporation for the acquisition of the Old Deaf School Building, 400 East Town Street, to authorize the expenditure of $2,052,923.00 from the Voted 1999/2004 Parks and Recreation Bond Fund, and to declare an emergency. ($2,052,923.00) (REPEALED BY ORD. 1005-2006 PASSED 06/05/2006)
Body
WHEREAS, the City of Columbus desires to purchase the property at 400 East Town Street; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to purchase said property so renovations can begin; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Recreation and Parks Department be and he is hereby authorized and directed to enter into a contract to purchase property at 400 East Town Street.
Section 2. That the expenditure of $2,052,923.00, or so much thereof as may be necessary, be and is hereby authorized from the Voted 1999/2004 Parks and Recreation Bond Fund No.702, Dept. 51-01, as follows, to pay the cost thereof.
Fund Type Proj. No. Object Level 3 OCA Code Amount
CIP 510041 6601 644526 $2,052,923.00
Section 3. That the City Auditor is hereby authorized to transfer the unencumbered balance in a project account to the unallocated balance account within the same fund upon receipt of certification by the Director of the Department administering said project that the project has been completed and the monies are no longer required for said project; except that no transfer shall be so made from a project account funded by monies from more than one source.
Section 4. That for the 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 its passage if the Mayor neither approves nor vetoes the same.