Explanation
Background:
This ordinance will enable the Director of Recreation and Parks to accept grants and enter into agreements with the State of Ohio - Ohio Public Works Commission, and provide for the appropriation of said funds to the Recreation and Parks Grant Fund. Funding has been awarded to purchase future parkland know as "Dysart Run Forested Floodplain Preservation". The target completion date for this project is December 31, 2007. 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.
Total project cost estimated to be $254,850.00. A match of $70,000.00 is required from the Recreation and Parks Department. The required local match will be provided from the Recreation and Parks Capital Improvement program dollars.
Fiscal Impact:
$184,850.00 in grant funding will be used for the parkland acquistion. The fiscal impact of this ordinance will be to reduce the Recreation and Parks Grant Fund's unappropriated balance by $184,850.00. The expenditure of $184,850.00 is budgeted in the Recreation and Parks Grant Fund.
Title
To authorize and direct the Director of Recreation and Parks to accept a grant in the amount of $184,850.00 and enter into agreements with the State of Ohio - the Ohio public works program, for land acquisition known as Dysart Run Forested Floodplain Preservation , to authorize an appropriation of $184,850.00 from the unappropriated balance of the Recreation and Parks Grant Fund to the Recreation and Parks Department, and to declare an emergency. ($184,850.00)
Body
WHEREAS, the State of Ohio - The Ohio Public Works Commission, have awarded the City of Columbus, Recreation and Parks Department, a grant for land acquisition; and
WHEREAS, it is n...
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