City of Columbus - File #: 1089-2004

• File #: 1089-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/8/2004
• In control: Development Committee
• On agenda: 6/28/2004
• Final action: 7/1/2004
• Title: To authorize the City Attorney to acquire options to purchase fee simple title, contract for professional services, to authorize the appropriation and to authorize the City Auditor to transfer $100,000 from the Special Income Tax Fund to the Northland and Other Acquisition Fund for costs in connection with the King Lincoln District Acquisition Project; to authorize the expenditure of $100,000; and to declare an emergency ($100,000).

Date	Ver.	Action By	Action	Result
7/1/2004	1	MAYOR	Signed
7/1/2004	1	CITY CLERK	Attest
6/28/2004	1	Columbus City Council	Approved	Pass
6/28/2004	1	COUNCIL PRESIDENT	Signed
6/21/2004	1	Atty Drafter	Sent to Clerk's Office for Council
6/17/2004	1	CITY ATTORNEY	Reviewed and Approved
6/16/2004	1	Atty Drafter	Sent for Approval
6/15/2004	1	Auditor Reviewer	Reviewed and Disapproved
6/15/2004	1	Auditor Reviewer	Contingent Within
6/15/2004	1	CITY AUDITOR	Reviewed and Approved
6/14/2004	1	Finance Reviewer	Reviewed and Approved
6/14/2004	1	FINANCE DIRECTOR	Reviewed and Approved
6/14/2004	1	Atty Drafter	Sent for Approval
6/11/2004	1	Atty Reviewer	Reviewed and Approved
6/11/2004	1	Atty Drafter	Sent for Approval
6/8/2004	1	Atty Drafter	Sent for Approval

Explanation

[BACKGROUND: The following is an ordinance to authorize and direct the City Attorney to acquire options to purchase fee simple title, contract for professional services, and to expend the monies for payment of such services and payment of options in connection with the King Lincoln District Acquisition Project #441738.


FISCAL IMPACT: The $100,000 will come from the Special Income Tax Fund. This legislation authorizes the appropriation, transfer and the expenditure of funds. This transfer from the Special Income Tax Fund is only a temporary funding measure until bonds are sold in 2004 at which time the Special Income Tax Fund will be reimbursed for this transaction. Total purchase costs, including the amounts authorized by this ordinance, are currently not anticipated to exceed $500,000.00.


EMERGENCY JUSTIFICATION: Emergency action is requested in order to allow the purchase of the real property without delay to meet the proposed schedule for redevelopment and revitalization of the King Lincoln District.

Title

To authorize the City Attorney to acquire options to purchase fee simple title, contract for professional services, to authorize the appropriation and to authorize the City Auditor to transfer $100,000 from the Special Income Tax Fund to the Northland and Other Acquisition Fund for costs in connection with the King Lincoln District Acquisition Project; to authorize the expenditure of $100,000; and to declare an emergency ($100,000).


Body

WHEREAS, the City of Columbus desires to acquire real property and contract for professional services for the King Lincoln District Acquisition Project; and

WHEREAS, the real property being purchased is for redevelopment within the King Lincoln District Acquisition Project area; and

WHEREAS, it is necessary to appropriate and transfer $100,000.00 from the Special Income Tax Fund to the Northland and Other Acquisition Fund and to expend the same; and

WHEREAS, the City w...