Explanation
Background: The Land Management Fund was created in September, 1998 to provide funds for various expenses associated with properties held in the Land Bank until sold for redevelopment that were acquired through the Auditor's Forfeiture Sales and Sheriff's Sales (i.e. publication costs, filing fees, court costs, title fees, utility costs, quiet title actions, property taxes, signage and minor repairs).
Fiscal Impact: This legislation appropriates $100,000 from the unappropriated balance of the Land Management Fund for the administration of the Land Reutilization Program. The cash balance of this fund is approximately $350,000.
Emergency action is requested so that additional expenditures related to the management and maintenance of Land Bank parcels can be charged accordingly.
Title
To authorize the appropriation of $100,000 from the unappropriated balance of the Land Management Fund to the Department of Development to provide funds for the administration of Land Redevelopment projects; and to declare an emergency. ($100,000)
Body
Whereas, the Land Management Fund was created in September, 1998 to provide funds for various expenses associated with properties held in the Land Bank until sold for redevelopment that were acquired through the Auditor's Forfeiture Sales and Sheriff's Sales; and
Whereas, this legislation appropriates $100,000 from the unappropriated balance of the Land Management Fund for the administration of the Land Reutilization Program; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, that it is immediately necessary to provide an appropriation for the immediate 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 unallocated m...
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