City of Columbus - File #: 0543-2011

• File #: 0543-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 3/25/2011
• In control: Public Service & Transportation Committee
• On agenda: 4/25/2011
• Final action: 4/27/2011
• Title: To authorize the City Attorney to acquire fee simple title and lesser interests, contract for professional services, to authorize the appropriation of $400,000.00 from the unappropriated balance in the Albany Crossing TIF Fund to the Albany Crossing TIF Fund; and to expend $400,000.00 from the Albany Crossing TIF Fund for costs in connection with the Warner Road Project Phase 1, and to declare an emergency. ($400,000.00).

Date	Ver.	Action By	Action	Result
4/27/2011	1	MAYOR	Signed
4/27/2011	1	CITY CLERK	Attest
4/25/2011	1	Columbus City Council	Approved	Pass
4/25/2011	1	COUNCIL PRESIDENT	Signed
4/14/2011	1	Atty Drafter	Sent for Approval
4/14/2011	1	CITY ATTORNEY	Reviewed and Approved
4/14/2011	1	Atty Drafter	Sent to Clerk's Office for Council
4/13/2011	1	Finance Reviewer	Reviewed and Approved
4/13/2011	1	FINANCE DIRECTOR	Reviewed and Approved
4/13/2011	1	Atty Drafter	Sent for Approval
4/13/2011	1	Auditor Reviewer	Reviewed and Approved
4/13/2011	1	CITY AUDITOR	Reviewed and Approved
4/12/2011	1	Finance Reviewer	Reviewed and Approved
4/12/2011	1	Finance Reviewer	Reviewed and Approved
4/11/2011	1	SERVICE DIRECTOR	Reviewed and Approved
4/11/2011	1	Service Drafter	Sent for Approval
4/11/2011	1	Atty Drafter	Sent for Approval
4/5/2011	1	Atty Reviewer	Reviewed and Approved
4/5/2011	1	Atty Drafter	Sent for Approval
3/25/2011	1	Atty Drafter	Sent for Approval

Explanation

On December 12, 2005 Columbus City Council approved Ordinance 2117-2005 which established ten tax increment financing (TIF) incentive districts in the northeast area of Columbus under Ohio Revised Code Section 5709.40(C). Annual service payments in lieu of taxes with respect to development within these incentive districts are paid into special funds established for the purpose of improving public infrastructure benefiting the incentive district(s). Improvements to Warner Road, designated as Warner Road Project Phase I, will directly benefit parcels within the Albany Crossing TIF District. The following ordinance authorizes the City Attorney to acquire fee simple title and lesser interests, contract for professional services, and to expend the monies for payment of acquisition costs in connection with the Warner Road Project Phase 1 out of TIF revenues received from the Albany Crossing Incentive District.

Fiscal Impact: The Department of Public Service, Division of Design and Construction has determined funding for this project will be from the Albany Crossing TIF, pursuant to Ordinance 2117-2005, which passed on December 12, 2005.


Emergency Justification: Emergency action is requested to allow the acquisition of the parcels necessary for this project to proceed without delay thereby allowing this project to move forward as scheduled.


Title

To authorize the City Attorney to acquire fee simple title and lesser interests, contract for professional services, to authorize the appropriation of $400,000.00 from the unappropriated balance in the Albany Crossing TIF Fund to the Albany Crossing TIF Fund; and to expend $400,000.00 from the Albany Crossing TIF Fund for costs in connection with the Warner Road Project Phase 1, and to declare an emergency. ($400,000.00).

Body

WHEREAS, on December 12, 2005 Columbus City Council passed Ordinance 2117-2005 which established ten tax increment financing (TIF) incentive districts in the ...