..Explanation
The Transportation Division is responsible for maintaining the City's roadways. The City receives an annual allocation of funds from the County's $5.00 Auto License Tax for Franklin County Engineer-approved projects completed by the City on arterial streets within City limits. After receipt, these funds are deposited into the City's County Auto License Tax Fund (Fund 264) and are used to reimburse costs incurred by the Transportation Division within other funds. Preliminary approval for funding these projects has been received from the Franklin County Engineer.
This ordinance authorizes the appropriation of $2,900,000.00 within the County Auto License Tax Fund for the Traffic Signals on Arterial Streets 2003 project (2,000,000.00) and the Signs and Pavement Markings 2003 project ($900,000.00).
FISCAL IMPACT: The County Auto License Tax Fund has a sufficient cash balance from which to encumber these funds.
Emergency action is requested to have this appropriation take effect immediately to promote and reinforce efficient accounting practices.
Title
To authorize the appropriation of $2,900,000.00 from the unappropriated balance of the County Auto License Tax Fund to the Transportation Division for County Engineer-approved Traffic Signal and Sign and Pavement Markings projects in the City of Columbus, and to declare an emergency. ($2,900,000.00)
Body
WHEREAS, the Transportation Division is responsible for maintaining the City's roadways, and
WHEREAS, the City receives an annual allocation of funds from the County's $5.00 Auto License Tax for Franklin County Engineer-approved projects completed by the City on arterial streets within City limits, and
WHEREAS, these funds are deposited into the City's County Auto License Tax Fund and are then used to reimburse costs incurred by the Transportation Division within other Funds, and
WHEREAS, an emergency exists in the usual daily operation of the Transportatio...
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