City of Columbus - File #: 0267-2004

• File #: 0267-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/29/2004
• In control: Recreation & Parks Committee
• On agenda: 2/23/2004
• Final action: 2/25/2004
• Title: To authorize the appropriation and transfer of $251,375.00 from the Special Income Tax Fund to the Voted 1995 and 1999 Parks and Recreation Bond Fund, to authorize the Director of the Recreation and Parks Department to execute those documents necessary to purchase property along Alum Creek for the continuation of the Alum Creek Trail, to pay all costs associated with the purchase of said land, to authorize the expenditure of $771,500.00 from various funds, and to declare an emergency. ($771,500.00)

Date	Ver.	Action By	Action	Result
2/25/2004	1	CITY CLERK	Attest
2/24/2004	1	MAYOR	Signed
2/23/2004	1	Columbus City Council	Approved	Pass
2/23/2004	1	COUNCIL PRESIDENT	Signed
2/11/2004	1	Rec & Parks Drafter	Sent for Approval
2/11/2004	1	CITY ATTORNEY	Reviewed and Approved
2/11/2004	1	Rec & Parks Drafter	Sent to Clerk's Office for Council
2/10/2004	1	Rec & Parks Drafter	Sent for Approval
2/10/2004	1	CITY ATTORNEY	Reviewed and Disapproved
2/6/2004	1	Auditor Reviewer	Contingent Within
2/6/2004	1	CITY AUDITOR	Reviewed and Approved
2/4/2004	1	Rec & Parks Drafter	Sent for Approval
2/3/2004	1	FINANCE DIRECTOR	Reviewed and Approved
1/30/2004	1	Finance Reviewer	Reviewed and Approved
1/29/2004	1	Rec & Parks Drafter	Sent for Approval
1/29/2004	1	REC & PARKS DIRECTOR	Reviewed and Approved
1/29/2004	1	Rec & Parks Drafter	Sent for Approval

Explanation
Background:
The purpose of this legislation is to authorize the appropriation and transfer of $251,375.00 from the Special Income Tax Fund No. 430 to the Voted 1995 and 1999 Parks and Recreation Bond Fund No. 702; and, to authorize the Director of the Recreation and Parks Department to enter into contract to purchase two (2) properties along Alum Creek for the continuation of the Alum Creek Trail.

Properties are located east of Cooper Road, south of I270 and include a 4.365 acre tract, to be purchased from T & R Properties, and a 5.99 acre tract, to be purchased from P. Ronald Sabatino.

The total amount of the expenditure, $771,500.00, includes the purchase price of the property, closing costs, title insurance, environmental assessments, and survey costs.

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. Additionally, emergency action is required as a contingency in the contract stipulates a closing date of March 1, 2004.

Fiscal Impact:
The transfer of $251,375.00 from the Special Income Tax Fund to the Voted 1995 and 1999 Parks and Recreation Bond Fund is a temporary measure until the City sells notes or bonds to fund these improvements.

$520,125.00 is budgeted within the State Issue II Project Grant Fund to meet the financial obligations of this project. Ordinance 2090-2003, passed October 1,2003, authorized the acceptance and appropriation of this grant fund for the purpose specified.



Title

To authorize the appropriation and transfer of $251,375.00 from the Special Income Tax Fund to the Voted 1995 and 1999 Parks and Recreation Bond Fund, to authorize the Director of the Recreation and Parks Department to execute those documents necessary to purchase property along Alum Creek for the continuation of the Alum Creek Trail, to pay all costs ass...