City of Columbus - File #: 1632-2008

• File #: 1632-2008
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 10/8/2008
• In control: Finance & Economic Development Committee
• On agenda: 10/20/2008
• Final action: 10/20/2008
• Title: An ordinance determining to proceed with the acquiring, constructing, installing, equipping, and improving of off-street parking facilities at the southeast corner of the intersection of Fourth and Elm Streets, acquiring interests in the site thereof, together with all necessary and proper appurtenances, and determining that such action is necessary pursuant to Section 55(b) of the Charter of the City of Columbus.

Date	Ver.	Action By	Action	Result
10/22/2008	1	CITY CLERK	Attest
10/20/2008	1	Columbus City Council	Waive the 2nd Reading	Pass
10/20/2008	1	Columbus City Council	Approved	Pass
10/20/2008	1	COUNCIL PRESIDENT	Signed
10/20/2008	1	MAYOR	Signed
10/9/2008	1	Atty Drafter	Sent for Approval
10/9/2008	1	Finance Reviewer	Reviewed and Approved
10/9/2008	1	Finance Reviewer	Reviewed and Approved
10/9/2008	1	FINANCE DIRECTOR	Reviewed and Approved
10/9/2008	1	Atty Drafter	Sent for Approval
10/9/2008	1	CITY ATTORNEY	Reviewed and Approved
10/9/2008	1	Atty Drafter	Sent to Clerk's Office for Council
10/8/2008	1	Atty Drafter	Sent for Approval
10/8/2008	1	Atty Reviewer	Reviewed and Approved

Explanation

This ordinance determines to proceed with the construction of a parking garage at the southeast corner of the intersection of Fourth and Elm Streets in Downtown Columbus, a portion of which will be funded by levying special assessments on the Special Benefit District described in the Petition attached to Resolution No. 0132X-2008,. The special assessments will be collected over 30 years in an amount equaling $348,658.73_annually. This amount is $16,341.27 less than the annual amount set forth in Resolution 0123X-2008 as a result of a recommended amendment by the Board of Revision in its report to City Council pursuant to Section 173 of the City Charter. It is anticipated that the reduction in this annual assessment will be offset by revenues from garage operations and if necessary TIF revenues from the Downtown TIF The City anticipates issuing bonds to pay for the construction of the parking garage, and the construction of the parking garage is set to begin in late 2008.

Title

An ordinance determining to proceed with the acquiring, constructing, installing, equipping, and improving of off-street parking facilities at the southeast corner of the intersection of Fourth and Elm Streets, acquiring interests in the site thereof, together with all necessary and proper appurtenances, and determining that such action is necessary pursuant to Section 55(b) of the Charter of the City of Columbus.



Body

WHEREAS, this Council previously adopted Resolution 0132X-2008 (the "Resolution of Necessity") on July 14, 2008, which declared the necessity of acquiring, constructing, installing, equipping, and improving off-street parking facilities at the southeast corner of the intersection of Fourth and Elm Streets, and acquiring interests in the site thereof, together with all necessary and proper appurtenances, all as shown on the Plans and Specifications on file in the office of the Clerk of Council (the "Project"); and

WHEREAS, t...