City of Columbus - File #: 0075-2008

• File #: 0075-2008
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/7/2008
• In control: Finance & Economic Development Committee
• On agenda: 2/11/2008
• Final action: 2/14/2008
• Title: To appropriate $2,014,543 within the Special Income Tax Fund for the Finance and Management Department, Real Estate Management Office; to authorize the Finance and Management Director to renew, extend, or enter into five lease agreements with various lessors for the lease of office and warehouse space for the Department of Public Safety and the lease of office space for the Department of Development; to authorize the expenditure of $1,201,482.65 from the Special Income Tax Fund; and to declare an emergency.

Date	Ver.	Action By	Action	Result
2/14/2008	1	CITY CLERK	Attest
2/12/2008	1	MAYOR	Signed
2/11/2008	1	Columbus City Council	Approved	Pass
2/11/2008	1	COUNCIL PRESIDENT	Signed
2/1/2008	1	Finance Drafter	Sent for Approval
2/1/2008	1	Finance Drafter	Sent for Approval
2/1/2008	1	FINANCE DIRECTOR	Sent to Clerk's Office for Council
2/1/2008	1	ODI DIRECTOR	Reviewed and Approved
2/1/2008	1	CITY AUDITOR	Reviewed and Approved
2/1/2008	1	Auditor Reviewer	Reviewed and Approved
2/1/2008	1	CITY ATTORNEY	Reviewed and Approved
2/1/2008	1	EBOCO Reviewer	Reviewed and Approved
1/31/2008	1	Finance Drafter	Sent for Approval
1/31/2008	1	Finance Drafter	Sent for Approval
1/31/2008	1	FINANCE DIRECTOR	Reviewed and Approved
1/31/2008	1	Finance Reviewer	Reviewed and Approved
1/31/2008	1	Finance Reviewer	Reviewed and Approved
1/29/2008	1	Finance Reviewer	Reviewed and Approved
1/23/2008	1	Finance Drafter	Sent for Approval

Explanation

BACKGROUND: This ordinance authorizes the appropriation of $2,014,543 from the Special Income Tax Fund for the Finance and Management Department, Real Estate Management Office, for the payment of lease agreements entered into on behalf of the Departments of Public Safety and Development.

This ordinance also authorizes the Finance and Management Director to renew five separate lease agreements with four separate lessors. Two of the leases are for the Fire Division, two are for the Police Division, and one for the Development Department for Neighborhood Pride Centers.

This ordinance also authorizes the expenditure of funds for the payment of the first of twenty (20) one year terms of a lease with the Columbus Downtown Development Corporation authorized by City Council Ordinance 1121-2007 for office space at 50 West Town Street for the Department of Development, Economic Development Division and the expenditure of funds for the payment.

The leases authorized by this ordinance and Ordinance 1121-2007 with 2008 costs, are as follows:

SEE ATTACHMENT

Emergency action is requested to provide funding to coincide with the commencement date for the leases.

Tom Zanteos Contract Compliance Number 27-8143514, expiration date 02/01/2009; Viking Properties Contract Compliance Number 31-1358552, expiration date 02/01/2009; King Lincoln Gateway, LLC Contract Compliance Number 38-3715517, expiration date 02/01/2009; and the Columbus Downtown Development Corporation Contract Compliance Number 76-0704655001.


Fiscal Impact: This ordinance appropriates $2,014,543 from the Special Income Tax Fund for leases for the fiscal year 2008. This ordinance authorizes the expenditure of $1,201,482.65 for six leases from the Special Income Tax (Fund 430) in 2008. In 2007, the Facilities Management Division spent $1,018,549.21 from the Special Income Tax Fund to cover these costs.

Title

To appropriate $2,014,543 within the Special Income Tax F...