Explanation
Background: This ordinance authorizes the transfer of an amount not to exceed $450,000 within Fund 704 Voted 1995-1999 Streets and Highways Fund, authorizes the transfer of up to $450,000 from Fund 704 Voted 1995-1999 Streets and Highways Fund to Fund 735 Northland and Other Acquisitions Fund and authorizes the appropriation of these funds to the Department of Development to pay for the roadway engineering and construction bidding process for the remaining roadways planned for the Northland Park site.
This is companion legislation to legislation authorizing the Director of Development to enter into a contract for $450,000 with Columbus Urban Growth Corporation (CUGC).
Fiscal Impact: $450,000 is available from Fund 704 Voted 1995-1999 Streets and Highways Fund for this purpose.
Emergency Justification: Emergency action is requested in order to maintain the development schedule for completing design and construction.
Title
To authorize the City Auditor to transfer an amount not to exceed $450,000 within the Voted 1995-1999 Streets and Highways Fund; to authorize the transfer of $450,000 from Fund 704 Voted 1995-1999 Streets and Highways Fund to Fund 735 Northland and Other Acquisitions Fund; to authorize the appropriation of $450,000 from Fund 735 Northland and Other Acquisitions Fund to the Department of Development for the purpose of designing the remaining roadways on the Northland Park redevelopment site; and to declare an emergency. ($450,000)
Body
WHEREAS, the roadways have been constructed around and leading to the Retail Ventures, Inc. site; and
WHEREAS, tenants will occupy the Retail Ventures, Inc. site on or around April 16, 2005; and
WHEREAS, there is a need to design and construct roadways that provide access to the future planned redevelopment of the rest of the Northland Park site; and
WHEREAS, the City Auditor must transfer an amount not to exceed $450,000 from Fund 704 Voted 1995-1999 Stre...
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