Explanation
The City of Columbus is engaged in the McKinley Avenue Improvement project. The purpose of this project is to improve storm drainage, install curb and gutter, and replace the existing pavement on McKinley Avenue between Central Avenue and Souder Avenue to encourage redevelopment of the area. This legislation authorizes the City Attorney to contract for professional services, acquire fee simple title and lesser interests in and to needed property, and to expend the money necessary for payment of acquisition costs incurred in connection with this project.
Acquisition-related expenses are estimated to be $500,000.00. This amount is budgeted in the Development Department's allocation within the 1995, 1999 Voted Streets and Highways Fund. All available cash within this fund has been exhausted until the next bond/note sale. This ordinance certifies this expense against the Special Income Tax Fund as a temporary funding measure until the sale, at which time the Special Income Tax Fund will be reimbursed.
Construction of this improvement project is slated to begin in early 2006.
Emergency action is requested to accommodate this schedule and allow right-of-way acquisition and utility relocation activities to begin immediately.
Title
To authorize the City Auditor to transfer $500,000.00 from the Special Income Tax Fund to the 1995, 1999 Voted Streets and Highways Fund; to appropriate $500,000.00 within the 1995, 1999 Voted Streets and Highways Fund; to authorize the City Attorney to contract for professional services and acquire fee simple title and lesser interests in and to property needed for the McKinley Avenue Improvement project for the Transportation Division; to expend $500,000.00 from the 1995, 1999 Voted Streets and Highways Fund for acquisition-related costs for this project, and to declare an emergency. ($500,000.00)
Body
WHEREAS, the City of Columbus is engaged in the McKinley Avenue Improvement project; a...
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