Explanation
BACKGROUND: The City of Columbus, Department of Development desires to enter into an agreement with Columbus Urban Growth Corporation for the partial reimbursement of costs associated with the utility installation at the Northland project.
FISCAL IMPACT: Funds are available within the Northland and Other Acquisitions Fund for this expenditure.
EMERGENCY
JUSTIFICATION: Emergency action is requested in order to allow for the immediate reimbursement of costs.
Title
To authorize the Director of the Department of Development to enter into an agreement with Columbus Urban Growth Corporation for the partial reimbursement of costs associated with utility installation at the Northland Project; to authorize the appropriation of $116,009.25 from the Northland and Other Acquisitions Fund; to authorize the expenditure of $116,009.25 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($116,009.25)
Body
Whereas, the City of Columbus, Department of Development desires to enter into an agreement with Columbus Urban Growth Corporation for the partial reimbursement of costs associated with utility installation at the Northland project; and
Whereas, it is necessary to appropriate and expend $116,009.25 from the Northland and Other Acquisitions Fund; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, in that it is immediately necessary to authorize the appropriation and expenditure for the timely reimbursement of costs and for the preservation of the 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 the Development Department is authorized to enter into an agreement with Columbus Urban Growth Corporation for the partial reimbursement of costs associated with utility installation at the Northland Project.
Section 2. That the sum of $116,009.25 is hereby appropriated from the unappropriated balance of the Northland and Other Acquisitions Fund, Fund No. 735, and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2004, to the Development Department, Department No. 44-01, Object Level 06, Project No. 441735, OCA Code 441735, Object Level Three 6601.
Section 3. That the sum of $116,009.25, or so much thereof as may be necessary, be and is hereby authorized to be expended from the Northland and Other Acquisitions Fund, Fund No. 735, Division No. 44-01, Object Level 06, Project No. 441735, OCA Code 441735, Object Level Three 6601.
Section 4. 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.