Explanation
Background:
This ordinance will enable the Director of Recreation and Parks to accept a grant from the Ohio Public Works Commission, and provide for the appropriation of said funds to the State Issue II Projects Grant Fund.
Grant monies will be used for the restoration and protection of Glen Echo Ravine in Glen Echo Park. The City agrees to complete this project by the target date of October 31, 2004.
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:
$230,800.00 in grant funding will be used for the restoration and protection of Glen Echo Ravine in Glen Echo Park.
The fiscal impact of this ordinance will be to reduce the State Issue II Projects Grant Fund's unappropriated balance by $230,800.00.
The expenditure of $230,800.00 is budgeted in the State Issue II Projects Grant Fund.
Title
To authorize and direct the Director of Recreation and Parks to accept a grant in the amount of $230,800.00 from the Ohio Public Works Commission for the restoration and protection of Glen Echo Ravine in Glen Echo Park, to authorize an appropriation of $230,800.00 from the unappropriated balance of the State Issue II Projects Grant Fund to the Recreation and Parks Department, and to declare an emergency. ($230,800.00)
Body
WHEREAS, the Ohio Public Works Commission, has awarded the City of Columbus, Recreation and Parks Department, a grant to support the restoration and protection of Glen Echo Ravine in Glen Echo Park; and
WHEREAS, an emergency exists in the usual daily operation of the Recreation and Parks Department in that it is immediately necessary to accept and appropriate said grant funds to have funding available for necessary expenditures;...
Click here for full text