City of Columbus - File #: 0818-2004

• File #: 0818-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/22/2004
• In control: Finance & Economic Development Committee
• On agenda: 5/24/2004
• Final action: 5/26/2004
• Title: To authorize the appropriation of that portion of sales revenues generated by the on-line auction of city assets which is required to pay the on-line auction service fees, as determined by the terms of the Universal Term Contract for on-line auction services, to the fund to which the proceeds from the asset sales are to be deposited, and to authorize the expenditure of those funds as payment for on-line auction services.

Date	Ver.	Action By	Action	Result
5/26/2004	1	ACTING CITY CLERK	Attest
5/25/2004	1	MAYOR	Signed
5/24/2004	1	Columbus City Council	Approved	Pass
5/24/2004	1	COUNCIL PRESIDENT	Signed
5/17/2004	1	Columbus City Council	Read for the First Time
5/4/2004	1	Finance - Purchasing Drafter	Sent to Clerk's Office for Council
5/3/2004	1	CITY ATTORNEY	Reviewed and Approved
4/30/2004	1	Finance - Purchasing Drafter	Sent for Approval
4/30/2004	1	ODI DIRECTOR	Reviewed and Disapproved
4/30/2004	1	Finance - Purchasing Drafter	Sent for Approval
4/28/2004	1	FINANCE DIRECTOR	Reviewed and Approved
4/26/2004	1	Finance - Purchasing Drafter	Sent for Approval
4/23/2004	1	CITY AUDITOR	Reviewed and Approved
4/22/2004	1	Finance - Purchasing Drafter	Sent for Approval

Explanation

BACKGROUND:  This ordinance enables the City Auditor to receive sales revenues and appropriate these receipts as necessary so that the City can pay fees for on line auction services out of the proceeds of the sales revenues.  Pursuant to City Council and Mayor approval, the City is establishing a Universal Term Contract for an option to purchase on-line auction services.  Where a given auction is successful, the City has agreed to pay a percentage of the sale price to the company hosting the on-line auction on the City's behalf.

FISCAL IMPACT:  There is no fiscal impact beyond the fees, which are subject to a specifically limited amount of revenues received after sales of City surplus property.

Title

To authorize the appropriation of that portion of sales revenues generated by the on-line auction of city assets which is required to pay the on-line auction service fees, as determined by the terms of the Universal Term Contract for on-line auction services, to the fund to which the proceeds from the asset sales are to be deposited, and to authorize the expenditure of those funds as payment for on-line auction services.

Body

WHEREAS, the Department of Finance, through its Purchasing Office is establishing a Universal Term Contract for an option to purchase on-line auction services; and

WHEREAS, in cases where a given auction is successful, the City has agreed to pay a percentage of the sale price to the company hosting the on-line auction on the City's behalf; and

WHEREAS, funds for the aforementioned fees are to be appropriated from the sales revenue received, Now Therefore

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:

SECTION 1: That that portion of sales revenues generated by the on-line auction of city assets which is required to pay the on-line auction service fees, as determined by the terms of the Universal Term Contract for on-line auction services, shall be appropriated to the fund to which the proceeds of the asset sales are to be deposited.

SECTION 2.  That from the funds received from on-line auction services and appropriated according to the terms in SECTION 1, the City Auditor is authorized to pay fees for such services in accordance with the Universal Term contract for the Option to Purchase On-Line Auction Services.

SECTION 3:  That this ordinance shall take effect and be in force from and after the earliest period allowed by law.