Explanation
BACKGROUND: This legislation appropriates funds from the King Lincoln Theater Fund to provide funding for utilities and refund of revenue. Lease payments were deposited into this fund that should have been paid directly to the Lincoln Theatre Association.
Emergency action is necessary so that utility payments can be made and the accounts can be closed as soon as possible.
FISCAL IMPACT: This ordinance appropriates $15,675 from the unappropriated balance of the King Lincoln Theater Fund.
Title
To authorize an appropriation of $15,675 from the unappropriated balance of the King Lincoln Theater Fund to the Department of Development to provide funds for the refund of revenue and payment of utilities; and to declare an emergency. ($15,675.00)
Body
Whereas, Fund 223, Subfund 138, was established for the operation of the Lincoln Theater; and
Whereas, this legislation appropriates funds from the King Lincoln Theater Fund to provide funding for utilities and refund of revenue; and
Whereas, lease payments were deposited into this fund that should have been paid directly to the Lincoln Theatre Association; and
Whereas, it is necessary to appropriate funds; and
Whereas, an emergency exists in the daily operation of the Department of Development in that it is immediately necessary to appropriate said funds so that utility payments can be made and the accounts can be closed as soon as possible, all for the 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 unappropriated monies in the King Lincoln Theater Fund, Fund 223, Subfund 138, and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2009, the sum of $15,675 is hereby appropriated to the Department of Development, Administration Division, D...
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