Explanation
Background:-
A modification to Ordinace #0647-03, passed April 28th, 2003 is needed to increase Auditor's certificate #020432 in the amount of $99,818.00. After further negotiations with the owners, the final price requries the Auditor's certificate to be increased. Original contract price in the amount of $986,668.00 was passed April 28th, 2003: Ordinace #0647-03. The original price was negotiated at $30.00 per square foot. The final negotiated contract was $33.00 per square foot.
Emergency legislation is requested in order for acquisition to occur so that construction to the park can proceed this fall.
Fiscal Impact:-
$99,818.00 is required and budgeted in the Recreation and Parks Grant Fund to meet the financial obligation of this contract modification.
Title
To authorize and direct the Director of Recreation and Parks to modify the purchase contract to purchase 32,772.30 SF of property between Spring and Long Streets for the development of North Bank Park, Increase auditor's certificate AC#020432, to authorize the expenditure of $99,818.00 from the Recreation and Parks Grant Fund, and to declare an emergency. ($99,818.00)
Body
WHEREAS, it is necessary to modify the purchase contract for property between Spring and Long Streets for the development of North Bank Park; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to modify said contract for the preservation of public health, peace, property and safety; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Recreation and Parks be and he is hereby authorized and directed to modify purchase contract and increase Auditor's Certificate AC#020432 for land purchase for development of North Bank Park in accordance with purchase agreement on file in the City of Columbus Real Estate Department.
SECTION 2. That the expenditure of $99,818.00, or so much thereof as may be necessary, be and is hereby authorized from the Recreation and Parks Grant Fund, as follows, to pay the cost thereof.
Fund Type; Grant, Dept No.; 51-01; Fund No.; 286, Grant No.; 510206, Obj Lvl 3; 6601, OCA Code; 510206; Amount; $99,818.00
SECTION 3. 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.