Explanation
This ordinance authorizes the Director of the Department of Development to enter into a grant agreement with The Columbus Regional Airport Authority for public infrastructure improvements supporting economic development in the Rickenbacker area.
The City of Columbus and the Rickenbacker Port Authority (RPA) entered into an annexation agreement on September 9, 1996 to establish each party's obligations related to the annexations of RPA property to the City. This agreement was extended by an amendment executed on December 27, 2007 between the City and the Columbus Regional Airport Authority (CRAA) as the successor entity to the RPA. The agreement was modified a second time by Ordinance No. 1839-2007, a third time by Ordinance No. 1008-2017, and a fourth time by Ordinance No. 3212-2018.
The fourth amendment expired on July 31, 2019. The City of Columbus and CRAA determined that it was necessary to create a new agreement to incorporate updated provisions, processes, and maps as it related to the development of the property owned by the CRAA. During this process the City made a commitment to the CRAA to invest $15 million in public infrastructure improvements supporting economic development in the Rickenbacker area.
Approval is requested for reimbursement of expenses incurred prior to the execution of the purchase order, starting January 31, 2020, for completion of an approximate $1.5 million sanitary sewer project and for work to bid out a comprehensive street lighting project.
CONTRACT COMPLIANCE: The vendor’s contract compliance number is 05092 and expires 10/7/2024.
Fiscal Impact: Funding is available within Fund 7735 Northland and Other Acquisitions Bond Fund.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with the Columbus Regional Airport Authority ("CRAA") for public infrastructure improvements supporting economic development in the Rickenbacker area; to authorize the expenditure of an amount not to exceed $3,275,000.00 from the Northland and other Acquisition Bond Fund; and to allow for the payment of expenditures prior to the issuance of a Purchase Order. ($3,275,000.00)
Body
WHEREAS, the City of Columbus and the Rickenbacker Port Authority ("RPA") entered into an annexation agreement ("Annexation Agreement") on September 9, 1996 to establish each party's obligations related to the annexations of RPA property to the City; and
WHEREAS, the Annexation Agreement was extended by an amendment executed on December 27, 2007, between the City and the CRAA as the successor entity to the RPA; and
WHEREAS, the Annexation Agreement was modified a second time by Ordinance No. 1839-2007, a third time by Ordinance No. 1008-2017 and a fourth time by Ordinance No. 3212-2018; and
WHEREAS, the fourth amendment expired on July 31, 2019 and the City of Columbus and the Columbus Regional Airport Authority ("CRAA"), the successor entity to the RPA, determined that it was necessary to create a new agreement to incorporate updated provisions, processes, and maps related to the development of the property owned by the CRAA; and
WHEREAS, during this process the City made a commitment to the CRAA to invest $15 million in public infrastructure improvements supporting economic development in the Rickenbacker area; and
WHEREAS, it has become necessary in the usual daily operation of the Department of Development to authorize the Director to enter into a grant agreement with the CRAA in order to commence construction of sewer and lighting projects needed for the next phase of development in the Rickenbacker area; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. Council finds and determines that providing funds to the CRAA for necessary public infrastructure improvements is a proper public purpose promoting economic development, and that is also promotes the City's health, safety and welfare. Council authorizes the Director of the Department of Development enter into a Grant Agreement with the CRAA in an amount not to exceed $3,275,000.00 for the costs of public infrastructure improvements supporting economic development in the Rickenbacker area and to reimburse expenses incurred for that purpose, back to January 31, 2020, prior to the issuance of a purchase order.
SECTION 2. That for the purposes stated in Section 1, an expenditure of $3,275,000.00, or so much thereof as may be necessary, is authorized in fund 7735 (Northland and Other Acquisitions), Project 590426-100000, Dept. 44-02 (Economic Development), in Object Class 06 (Capital Outlay) per the accounting codes in the attachment to this Ordinance.
SECTION 3. That the City Auditor is 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 of Development administering said project, that the project has been completed and the monies are no longer required for said project.
SECTION 4. That the funds necessary to carry out the purpose of this Ordinance are deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
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 this Ordinance shall take effect and be in force from and after the earliest time permitted by law.