Explanation
Background: This ordinance authorizes the Finance and Management Director to acquire property, on behalf of the Department of Public Utilities, consisting of approximately 160.881+/- acres located at 433 London Groveport Road, adjacent to the Parsons Avenue Water Plant, and further identified as Franklin County Tax Parcel 495-232643. The site will serve as an additional water source for the Plant.
This legislation authorizes the Director of Finance and Management to execute those documents necessary to purchase the real property from Columbus Limestone Inc. and authorizes a transfer and expenditure of funds in an amount up to One Million Four Hundred Forty Eight Thousand and 00/100 Dollars ($1,448,000.00) for payment of all costs associated with the acquisition of the real property.
Fiscal Impact: Funding of $1,448,000.00 is budgeted and available within the Water G.O. Bonds Fund to pay costs associated with the acquisition.
Emergency Justification: Emergency action is requested to allow for the immediate execution of the purchase agreement by the City so that the acquisition can proceed without delay in agreement with the closing transaction deadlines and other terms of the purchase agreement in order to secure the real property for the Department of Public Utilities, Division of Water uses.
Title
To authorize the Director of Finance and Management to execute those documents necessary to acquire fee simple title and lesser interests to real property located at 433 London Groveport Road and further identified as Franklin County Tax Parcel 495-232643, to authorize the City Auditor to transfer up to $1,076,000.00 within CIP Projects within the Water G.O. Bonds Fund and to authorize the expenditure of up to $1,448,000.00 from the Water G.O. Bonds Fund; and to declare an emergency. ($1,448,000.00).
Body
WHEREAS, the City of Columbus Department of Finance and Management, on behalf of the Department of Public Utilities, desires to enter into a purchase contract between the City and Columbus Limestone Inc. for the purchase of approximately 160.881 acres, more or less, of real property located at 433 London Groveport Road and further identified as Franklin County Tax Parcel 495-232643; and
WHEREAS, the site is adjacent to the Parsons Avenue Water Plant (PAWP) and will allow the Department of Public Utilities, Division of Water, to have an additional water source for the Plant; and
WHEREAS, it is necessary to transfer funds between CIP projects within Water G.O. Bonds Fund; and
WHEREAS, it is necessary to amend the 2021 Capital Improvements Budget for the purpose of providing sufficient spending authority for the acquisition of the property; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Public Utilities in that it is immediately necessary to authorize the Director of Finance and Management to execute those documents necessary for the acquisition of that real property located at 433 London Groveport Road and further identified as Franklin County Tax Parcel 495-232643 from Columbus Limestone Inc. at the earliest feasible date in agreement with the closing transaction deadlines and other terms of the purchase agreement thereby providing for the immediate preservation of the public health, peace, property, welfare; NOW, THEREFORE:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Finance and Management, on behalf of the Department of Public Utilities be, and hereby is, authorized to execute those documents by and between the City and Columbus Limestone Inc., as approved by the Department of Law, Real Estate Division, necessary for the purchase of that real property containing approximately 160.881 acres, more or less, located at 433 London Groveport Road and further identified as Franklin County Tax Parcel 495-232643.
SECTION 2. That the 2021 Capital Improvements Budget is hereby amended in the Water G.O. Bonds Fund - Fund No. 6006 per the accounting codes in the funding attachment to this ordinance
SECTION 3. That the transfer of One Million Seventy Six Thousand and 00/100 Dollars ($1,076,000.000) or so much thereof as may be needed, is hereby authorized between CIP Projects within Fund 6006 per the accounting codes in the funding attachment to this ordinance.
SECTION 4. That the expenditure of One Million Four Hundred Forty Eight Thousand and 00/100 Dollars ($1,448,000.00), or so much thereof as may be necessary, be and is hereby authorized in Fund 6006 per the accounting codes in the funding attachment to this ordinance.
SECTION 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 6. That the City Auditor is authorized to transfer the unencumbered balance in a project account to the unallocated balance account of 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.
SECTION 7. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 8. 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 passage if the Mayor neither approves nor vetoes the same.