Explanation
Background:
This ordinance will enable the Director of Recreation and Parks to accept a grant and enter into agreement with the State of Ohio - Division of Watercraft, and provide for the appropriation of said funds to the Recreation and Parks Grant Fund. Funding has been awarded to make improvements to the Red Bank Marina area. The target completion date for this project is August 1, 2009.
This ordinance is submitted as an emergency to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management. Emergency action is also necessary to have funding available for necessary expenditures.
Signed contract documents are to be returned to the State of Ohio by June 4, 2007.
Total project cost estimated to be $150,000.00. This project is funded 100% by the State of Ohio Grant. No local match is required.
Fiscal Impact:
$150,000.00 in grant funding will be used for the marina facility improvements. The fiscal impact of this ordinance will be to reduce the Recreation and Parks Grant Fund's unappropriated balance by $150,000.00. The expenditure of $150,000.00 is budgeted in the Recreation and Parks Grant Fund.
Title
To authorize and direct the Director of Recreation and Parks to accept a grant in the amount of $150,000.00 and enter into agreements with the State of Ohio - Division of Watercraft, for improvements to Red Bank Marina, to authorize an appropriation of $150,000.00 from the unappropriated balance of the Recreation and Parks Grant Fund to the Recreation and Parks Department, and to declare an emergency. ($150,000.00)
Body
WHEREAS, the State of Ohio - Division of Watercraft, have awarded the City of Columbus, Recreation and Parks Department, a grant for Red Bank Marina improvements; and
WHEREAS, it is necessary to accept said grant and appropriate said funds; and
WHEREAS, an emergency exi...
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