City of Columbus - File #: 0565-2011

• File #: 0565-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 3/30/2011
• In control: Development Committee
• On agenda: 4/11/2011
• Final action: 4/13/2011
• Title: To authorize the Director of the Department of Development to enter into a contract with the Columbus-Franklin County Finance Authority to provide continued support of activities, projects and programs; to authorize the expenditure of $150,000 from the General Fund; and to declare an emergency. ($150,000.00)

Date	Ver.	Action By	Action	Result
4/13/2011	1	CITY CLERK	Attest
4/12/2011	1	MAYOR	Signed
4/11/2011	1	Columbus City Council	Approved	Pass
4/11/2011	1	COUNCIL PRESIDENT	Signed
4/1/2011	1	Dev Drafter	Sent for Approval
4/1/2011	1	CITY AUDITOR	Reviewed and Approved
4/1/2011	1	CITY AUDITOR	Reviewed and Approved
4/1/2011	1	Dev Drafter	Sent for Approval
4/1/2011	1	CITY ATTORNEY	Reviewed and Approved
4/1/2011	1	Dev Drafter	Sent to Clerk's Office for Council
3/31/2011	1	Finance Reviewer	Reviewed and Approved
3/31/2011	1	Finance Reviewer	Reviewed and Approved
3/31/2011	1	Finance Reviewer	Reviewed and Approved
3/31/2011	1	FINANCE DIRECTOR	Reviewed and Approved
3/30/2011	1	Dev Drafter	Sent for Approval
3/30/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
3/30/2011	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: In March, 2006 the City of Columbus and Franklin County entered in to an agreement to jointly create a finance port authority focused on serving the economic needs of the City and Franklin County. This agreement called for the City to provide administrative costs to the finance port authority in years 2006 through 2010. The City desires to continue their support of the finance port authority by providing administrative costs of $150,000 for 2011.

This legislation authorizes the Director of Development to enter into an agreement with the Columbus-Franklin County Finance Authority for administrative costs associated with carrying out activities, projects and programs of the authority. This legislation also authorizes the expenditure of funds for the above purpose.

Emergency action is requested to continue the administration of the above activity without interruption.

FISCAL IMPACT: $150,000 is allocated from the 2011 General Fund budget for support of the Columbus-Franklin County Finance Authority.


Title

To authorize the Director of the Department of Development to enter into a contract with the Columbus-Franklin County Finance Authority to provide continued support of activities, projects and programs; to authorize the expenditure of $150,000 from the General Fund; and to declare an emergency. ($150,000.00)


Body

WHEREAS, in March, 2006 the City of Columbus and Franklin County entered in to an agreement to jointly create a finance port authority focused on serving the economic needs of the City and Franklin County; and

WHEREAS, this agreement called for the City to provide administrative costs to the finance port authority in years 2006 through 2010; and

WHEREAS, the City desires to continue their support of the finance port authority by providing administrative costs of $150,000 for 2011, and

WHEREAS, funds have been allocated from the 2011 General Fund budget to support the port authority; and

WH...