Explanation
July 28, 2003
BACKGROUND: This ordinance establishes the 2003 Capital Improvements Budget (CIB). The budget presented herein represents a plan for the expenditure of funds in 2003 for a variety of capital improvements in various city divisions.
This budget is formulated in accordance with the 1999 Voted Bond Package, which was authorized by the voters on November 2, 1999. Projects not included in the 1999 Voted Bond Package are identified as Councilmanic or other funding sources. Regardless of funding source, the proposed CIB reflects priorities identified in the planning process for the Voted Bond Package.
FISCAL IMPACT: Appropriation authority for new money is granted at the time debt is issued, not with this ordinance.
Title
To adopt a Capital Improvements Budget for the twelve months ending December 31, 2003, or until such time as a new Capital Improvements Budget is adopted, establishing a project budget for capital improvements requiring legislative authorization in 2003, to repeal Ordinance No. 1674-02, as amended, and to declare an emergency. (REPEALED BY ORD. 1059-2004 PASSED 6/21/2004)
Body
WHEREAS, Chapter 333 of the Columbus City Code requires the annual submission of a Capital Improvements Budget to City Council for consideration and adoption; and
WHEREAS, the following sets forth capital projects proposed for the City of Columbus in 2003, the proposed source of funds for each project, and a maximum budget for the 12 months beginning January 1, 2003 and ending December 31, 2003, or until such time as a new capital improvements budget is adopted; and
WHEREAS, an emergency exists in the usual daily operations of the various city departments in that it is immediately necessary to budget capital projects and proposed funding by the adoption of a Capital Improvements Budget 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...
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