Explanation
BACKGROUND: This ordinance establishes the 2007 Capital Improvements Budget (CIB). The budget presented herein represents a plan for the expenditure of funds in 2007 for a variety of capital improvements in various city divisions.
FISCAL IMPACT: Appropriation authority for new money is granted at the time debt is issued, not with this ordinance.
Title
To adopt a Capital Improvements Budget for the twelve months ending December 31, 2007 or until such a time as a new Capital Improvements Budget is adopted, establishing a project budget for capital improvements requiring legislative authorization in 2007, to repeal Ordinance No. 1108-2006, as amended, and to declare an emergency. (REPEALED BY ORD. 0690-2008 PASSED 5/5/2008)
Body
WHEREAS, Chapter 333 of the Columbus City Code requires the annual submission of a Capital Improvements Budget to City Council for consideration and adoption; and
WHEREAS, the following sets forth capital projects proposed for the City of Columbus in 2007, the proposed source of funds for each project, and a maximum budget for the 12 months beginning January 1, 2007 and ending December 31, 2007, or until such time as a new capital improvements budget is adopted; and
WHEREAS, an emergency exists in the usual daily operations of the various city departments in that it is immediately necessary to budget capital projects and proposed funding by the adoption of a Capital Improvements Budget 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 monies in each of the subfunds, the source of which is identified for each project, there be and hereby are budgeted for the following capital projects, the following sums of money for the 12 months from January 1, 2007 to December 31, 2007 or until such time as a new capital improvements budget is adopted.
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