Explanation
BACKGROUND: This ordinance authorizes the expenditure of $200,000 to support revitalization efforts on the West Side, focusing on the West Broad Street Corridor. Examples of potential projects include public road and utilities work, land acquisition, planning, and funding of the development corporation. The City will work with representatives from Franklin County, neighboring jurisdictions and business and community leaders to best determine the expenditure of the dollars.
FISCAL IMPACT: Funds for this expenditure are available within the Development Department’s 2011 General Fund Budget. This legislation authorizes the expenditure of $200,000. Additional legislation will be submitted at a later date to authorize a contract with a development corporation yet to be selected to support revitalization efforts on the West Side.
Title
To authorize the expenditure of $200,000.00 from the General Fund to support revitalization efforts on the West Side; and to declare an emergency. ($200,000.00)
Body
WHEREAS, this ordinance authorizes the expenditure of $200,000 to support revitalization efforts on the West Side, focusing on the West Broad Street Corridor; and
WHEREAS, examples of potential projects include public road and utilities work, land acquisition, planning, and funding of the development corporation; and
WHEREAS, the City will work with representatives from Franklin County, neighboring jurisdictions and business and community leaders to best determine the expenditure of the dollars; and
WHEREAS, funds for this expenditure are available within the Development Department’s 2011 General Fund Budget; and
WHEREAS, an emergency exists in the usual daily operation of the Development Department in that it is immediately necessary to authorize the expenditure of $200,000 in support of revitalization efforts on the West Side, all for the immediate preservation of the public health, property, safety and welfare; NOW, THEREFORE,
BE IT O...
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