Explanation
BACKGROUND: This ordinance authorizes the Director of the Department of Development to enter into a development agreement with Intrust Land Development Company for street construction reimbursement in the City of Columbus School District.
Emergency action is requested so that development agreements can be in place during the construction season.
FISCAL IMPACT: Funds for this project are located in the 2005 capital improvements budget.
Title
To authorize the Director of the Department of Development to enter into a development agreement for infrastructure construction reimbursement as part of the Columbus Housing Initiatives Project, Capital Improvement Program; to authorize the expenditure of $316,000 from the Voted 1995, 1999 Streets and Highways Fund for this purpose; and to declare an emergency. ($316,000)
Body
WHEREAS, Article I. Chapter 901.01 of the Code of the City of Columbus, Ohio 1959, authorizes the Director of the Department of Development to enter into an Agreement providing for such improvements; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, in that it is immediately necessary to enter into a development agreement for infrastructure construction reimbursement as part of the Columbus Housing Initiatives Project Capital Improvement Program so that development agreements can be in place during the construction season, thereby preserving the public health, peace, property, safety and welfare; and, NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development be and is hereby authorized to enter into a development agreement with Intrust Land Development Company for the period of January 1, 2006 to December 31, 2006, to expend $316,000 or so much thereof as necessary for the reimbursement of costs of constructing infrastructure improvements for 79 homes.
Section 2. That this ...
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