City of Columbus - File #: 0717-2006

• File #: 0717-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 3/30/2006
• In control: Jobs and Economic Development Committee
• On agenda: 4/3/2006
• Final action: 4/5/2006
• Title: To authorize the transfer and appropriation of an amount not to exceed $1,600,000.00 from the Special Income Tax Fund to the Northland and Other Acquisitions Bond Fund; to authorize the Director of Development to enter into contracts for purchase of certain real properties within the Greater Parsons Avenue Area Vision Plan; to authorize the expenditure of $1,600,000.00 from the Northland and Other Acquisitions Bond Fund; and to declare an emergency. ($1,600,000)
• Sponsors: Mary Jo Hudson, Patsy Thomas

Date	Ver.	Action By	Action	Result
4/5/2006	1	ACTING CITY CLERK	Attest
4/4/2006	1	MAYOR	Signed
4/3/2006	1	Columbus City Council	Approved	Pass
4/3/2006	1	COUNCIL PRESIDENT	Signed
3/31/2006	1	Dev Drafter	Sent for Approval
3/31/2006	1	CITY AUDITOR	Reviewed and Approved
3/31/2006	1	CITY AUDITOR	Reviewed and Approved
3/31/2006	1	Dev Drafter	Sent for Approval
3/31/2006	1	CITY ATTORNEY	Reviewed and Approved
3/31/2006	1	Dev Drafter	Sent to Clerk's Office for Council
3/30/2006	1	Atty Drafter	Sent for Approval
3/30/2006	1	Atty Reviewer	Reviewed and Approved
3/30/2006	1	Atty Drafter	Sent for Approval
3/30/2006	1	Dev Drafter	Sent for Approval
3/30/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
3/30/2006	1	Dev Drafter	Sent for Approval
3/30/2006	1	Finance Reviewer	Reviewed and Approved
3/30/2006	1	FINANCE DIRECTOR	Reviewed and Approved

Explanation

Background: In 2005, the Greater Parsons Avenue Area Vision Plan process was initiated to create a strategic action plan for the community. In partnership with the community through a visioning process, the strategic action plan will contain goals for the community as well as measurable objectives and recommendations. The recommendations will focus on a variety of areas including economic development and land use stabilization. The Plan included the identification of key parcels for redevelopment and proposed generalized concept plans for those areas. This legislation authorizes funds to acquire identified properties for potential redevelopment.

Fiscal Impact: $1,600,000.00 transferred from the Special Income Tax Fund to the Northland and Other Acquisition Bond Fund No. 735 to be expended for acquisitions. The budget authority to be used for this project will come from Fund No. 735 Miscellaneous Development and Acquisition project, and Fund No.735 Land Assemblage project.

Emergency Justification: Emergency action is requested in order to meet deadlines for closing under the various real estate purchase contracts.

Title

To authorize the transfer and appropriation of an amount not to exceed $1,600,000.00 from the Special Income Tax Fund to the Northland and Other Acquisitions Bond Fund; to authorize the Director of Development to enter into contracts for purchase of certain real properties within the Greater Parsons Avenue Area Vision Plan; to authorize the expenditure of $1,600,000.00 from the Northland and Other Acquisitions Bond Fund; and to declare an emergency. ($1,600,000)

Body

WHEREAS, The Greater Parsons Avenue Area Vision Plan (the "Plan") was initiated to provide economic development and land use stabilization along Parsons Avenue; and

WHEREAS, The Plan included the possible acquisition of key parcels for development; and

WHEREAS, Columbus Urban Growth Corporation ("CUGC") has identified parcels for s...