Title
To authorize and direct the City Auditor to reimburse the General Fund in an amount not to exceed $90,000.00 for legal services paid in conjunction with a settlement of certain real estate tax settlements previously authorized by Ordinance No. 608-01 from the Pen Site Escrow Monies contained in the City's Agency Fund No. 322-005; and to declare an emergency. ($90,000)
Explanation
Ordinance 294-99 memorialized the sale of the old Pen Site and directed the distribution of monies received via that sale. As part of the sales agreement certain monies from the sale were placed in an agency fund of the City and escrowed therein until certain real estate tax liabilities were resolved. The original amount of monies placed in escrow was $750,876.47. Ordinance 294-99 also directed that monies remaining in this account after the final resolution of this matter were to be transferred to the appropriate capital project fund formerly known as fund 07-256, presently known as fund 725.
Ordinance No. 608-01 authorized and directed the City Attorney to execute a settlement agreement with the Columbus City School district. As a result of this settlement and pursuant to Ordinance No. 608-01, the City will pay the Columbus City School District $132,932.93. In achieving this settlement the City Attorney's Office had engaged outside legal counsel. This ordinance will simply authorize the reimbursement to the General Fund of the amount paid to the outside legal counsel. These funds are available in the City's Agency Fund No. 322-005. This ordinance will simply authorize the reimbursement to the General Fund for the costs originally paid therefrom.
Body
Whereas, in conjunction with ordinances 294-99 and 608-01, an agreement has been reached regarding certain property tax matters related to the sale of the old Pen Site, and
Whereas, an emergency exists in the usual daily operation of the Office of City Auditor in that it is immediately necessary to reimbur...
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