Explanation
Background:
This ordinance will enable the Director of Recreation and Parks to accept a grant, enter into an agreement with the Ohio Department of Natural Resources and provide for the appropriation of said funds to the Recreation and Parks Grant Fund.
At a later date an ordinance will be submitted to add the grant funding to the Park Contruction Agreement for the Scioto Mile Project with Columbus Downtown Development Corporation which was authorized by Ordinance No. 1746-2007 and used to pay for construction of the proposed bandshell in Bicentennial Park.
Grant funding will be used in conjunction with the development of the Scioto Riverfront Park system. Work will include land acquisition, environmental abatement, design, and construction in and around the "Scioto Mile" area. The project will provide additional recreation for riverfront visitors and will promote tourism in downtown Columbus and central Ohio.
This ordinance is submitted as an emergency to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up-to-date financial posting promotes accurate accounting and financial management. Emergency action is also necessary to have funding available for necessary expenditures.
Fiscal Impact:
$3,019,500.00 in grant funding will be used for development of the Scioto Riverfront Park system.
The fiscal impact of this ordinance will be to reduce the Recreation and Parks Grant Fund's unappropriated balance by $3,019,500.00.
Title
To authorize and direct the Director of Recreation and Parks to accept a grant in the amount of $3,019,500.00 and enter into an agreement with the Ohio Department of Natural Resources for funding to support the development of the Scioto Riverfront Park System, to authorize an appropriation of $3,019,500.00 from the unappropriated balance of the Recreation and Parks Grant Fund to the Recreation and Parks Department; and to declare an emergency. ($3,019,500....
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