City of Columbus - File #: 1622-2005

• File #: 1622-2005
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/22/2005
• In control: Public Service & Transportation Committee
• On agenda: 11/7/2005
• Final action: 11/9/2005
• Title: To authorize the City Auditor to transfer $80,000.00 between projects within the 1995, 1999 Voted Streets and Highways Fund; to authorize the Public Service Director to expend $80,000.00 or so much thereof as may be necessary from this Fund for construction inspection-related billings for the Gateway Revitalization Initiative project for the Transportation Division and to declare an emergency. ($80,000.00)

Date	Ver.	Action By	Action	Result
11/9/2005	1	CITY CLERK	Attest
11/8/2005	1	MAYOR	Signed
11/7/2005	1	Columbus City Council	Approved	Pass
11/7/2005	1	COUNCIL PRESIDENT	Signed
10/27/2005	1	CITY ATTORNEY	Reviewed and Approved
10/27/2005	1	SERVICE DIRECTOR	Sent to Clerk's Office for Council
10/26/2005	1	Auditor Reviewer	Reviewed and Approved
10/26/2005	1	CITY AUDITOR	Reviewed and Approved
10/26/2005	1	SERVICE DIRECTOR	Reviewed and Approved
10/25/2005	1	Finance Reviewer	Reviewed and Approved
10/25/2005	1	FINANCE DIRECTOR	Reviewed and Approved
10/25/2005	1	SERVICE DIRECTOR	Reviewed and Approved
10/21/2005	1	SERVICE DIRECTOR	Reviewed and Approved
9/23/2005	1	Service Reviewer	Reviewed and Approved
9/22/2005	1	Service Drafter	Sent for Approval

Explanation
The City has contracted with Campus Partners for Community Urban Redevelopment (Campus Partners) to develop the Gateway Revitalization Initiative. Ordinance 2220-2004 passed by City Council January 24, 2005 authorized the expenditure of $2,000,000.00 to Campus Partners for Phase II of the project. The agreement between the City and Campus Partners provides for the latter having responsibility for funding construction inspection for the project and Campus Partners has remitted $80,000.00 to the City to be placed in escrow for this purpose. This amount constitutes an estimate of the total inspection liability. If insufficient, Campus Partners will need to remit additional funds. If the estimate proves higher than the actual inspection cost total, the City will rebate the difference back to Campus Partners. This is consistent with the City's usual practice for handling inspection costs for private development projects.

This $80,000.00 was incorrectly deposited within the Street and Highway Improvement Fund. It was then inadvertently included as a portion of the funding used for Ordinance 0675-2005 passed by City Council July 18, 2005; this authorized a $3,613,000.00 Town Street bridge design contract modification.

This ordinance transfers monies between projects within the 1995, 1999 Voted Streets and Highways Fund and authorizes the expenditure of monies for construction inspection. The Transportation Division will invoice this Fund with billings being deposited into the Development Services Fund from which construction inspectors' payroll and related expenses are incurred.

Fiscal Impact: This ordinance will establish the wherewithal to appropriately bill the capital improvement fund for construction inspection expenses incurred for a capital improvement project. This process is critical in maintaining the financial integrity of the Development Services Fund. There is sufficient cash within the 1995, 1999 Voted Streets and Highway ...