Explanation
BACKGROUND: The Land Management Fund was created in September, 1998 to provide funds for various expenses associated with properties managed and maintained in the land bank that were primarily acquired through the foreclosure and forfeiture sales, donations and purchases. The various expenses associated with the management of these properties are publication costs, filing fees, court costs, title fees, utilities, property taxes and closing costs, liens, clean-up costs, etc.
FISCAL IMPACT: This legislation appropriates $15,000 from the unappropriated balance of the Land Management Fund for the administration of the Land Management program. The cash balance of this fund is approximately $223,000.
EMERGENCY: Emergency action is requested so that expenditures related to the administration of Land Management projects can be charged accordingly.
Title
To authorize the appropriation of $15,000 from the unappropriated balance of the Land Management Fund to the Department of Development to provide funds for the administration of Land Management projects; and to declare an emergency. ($15,000)
Body
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 Management Fund, Fund No. 206, and from any and all sources unallocated for any other purpose during the fiscal year ending December 31, 2003, the sum of $15,000 be and hereby is appropriated to the Department of Development, Division 44-01, OCA Code 441206, as follows:
Object Level One Object Level Three Purpose Amount
03 3336 Services-Professionals $10,000
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