Explanation
Background: The Land Management Fund was created in September 1998 to provide funds for various expenses associated with the management and maintenance of properties held in the land bank.
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Fiscal Impact: This legislation appropriates $300,000 from the unappropriated balance of the Land Management Fund for the administration of the Land Reutilization Program. The unencumbered cash balance of this fund is approximately $326,700.
Emergency action is requested so that expenditures related to the administration of Land Redevelopment projects can be charged accordingly.
Title
To authorize the appropriation of $300,000 from the unappropriated balance of the Land Management Fund to the Department of Development to provide funds for the administration of Land Redevelopment office and related projects; and to declare an emergency. ($300,000)
Body
Whereas, the Land Management Fund was created in September 1998 to provide funds for various expenses associated with the management and maintenance of properties held in the land bank; and
Whereas, this legislation appropriates $300,000 from the unappropriated balance of the Land Management Fund for the administration of the Land Reutilization Program; and
Whereas, the unencumbered cash balance of this fund is approximately $326,700; and
Whereas, emergency action is requested so that expenditures related to the administration of Land Redevelopment projects can be charged accordingly; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, that it is immediately necessary to provide an appropriation for the immediate preservation of the public health, peace, property, safety, and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That from the unallocated monies in the Land Managemen...
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