Explanation
BACKGROUND: This legislation authorizes the Finance and Management Director to issue a payment of $21,537.41 to the Franklin County Risk Management Department to reimburse the County for the property insurance premium for the Municipal Court building, 375 South High Street, for the period of January 1, 2008, through December 31, 2008.
Emergency action is requested so that Franklin County can be reimbursed for expenses already incurred at the earliest possible date.
Fiscal Impact: The total cost of this payment, authorized by this ordinance, is $21,537.41. Although this expense was not budgeted, funding is available due to cost savings in property taxes. These funds are available in the Facilities Management General Fund budget.
Title
To authorize the Finance and Management Director to make payment to Franklin County Risk Management Department for the property insurance premium for the Municipal Court building, 375 South High Street, for the period of January 1, 2008, through December 31, 2008; to authorize the expenditure of $21,537.41 from the General Fund; and to declare an emergency. ($21,537.41).
Body
WHEREAS, the Facilities Management Division has need to issue payment to the Franklin County Risk Management Department for the property insurance premium for the Municipal Court building; and
WHEREAS, the Real Estate Management Office received an invoice from the Franklin County Risk Management Department; and
WHEREAS, an emergency exists in the usual daily operation of the Finance and Management Department, Facilities Management Division, in that it is immediately necessary to authorize the Finance and Management Director to issue a payment of $21,537.41 to the Franklin County Risk Management Department for the property insurance premium for the Municipal Court building for the period of January 1, 2008, through December 31, 2008 for expenses already incurred, thereby preserving the public health, property, safety, and welfare; now, therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Finance and Management Director is hereby authorized to issue a payment of $21,537.41 to the Franklin County Risk Management Department for the property insurance premium for the Municipal Court building, 375 South High Street, for the period of January 1, 2008, through December 31, 2008.
SECTION 2. That the expenditure of $21,537.41, or so much thereof that may be necessary in regard to the action authorized in SECTION 1, be and is hereby authorized and approved as follows:
Division: 45-07
Fund: 010
OCA Code: 450044
Object Level 1: 03
Object Level 3: 3301
Amount: $21,537.41
SECTION 3. 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.