Explanation
Background:
Construction of a new Port Columbus runway requires 12 of the 18 holes at Airport Golf course to be newly designed and constructed due to the realignment of the landing lights that are located on the golf course. The renovations to the 12 holes are to be at the expense of the Columbus Regional Airport Authority. However, the remaining six holes will need to be re-seeded, have drainage improvements, bunker renovations, and minor grading at the expense of the Columbus Recreation and Parks Golf Division at an estimated cost of $280,000, to which the division has agreed to pay, in order to match the other newly designed and constructed 12 holes. The work done on all 18 holes will occur simultaneously during which time the Golf Division will voluntarily close Airport Golf Course during the anticipated 18-month construction period. Thus, the course will close in September 2011 and will re-open in April 2013.
The Columbus Recreation and Parks Department has allocated $140,000 in 2011 and $140,000 in 2012 to fund this expense with Capital Improvement Voted Bond Funding.
The Columbus Regional Airport Authority has agreed, on behalf of the Recreation and Parks Department Golf Division, to do the work on six holes and fund the cost for those six holes on a reimbursable basis with the Recreation and Parks Department's Golf Division.
The Federal I.D. Number for Columbus Regional Airport Authority is #311335829.
Fiscal Impact: Bonds have yet to be sold for the Golf Division's portion of the project, i.e. six holes, necessitating a certification of $280,000.00 against the Special Income Tax Fund. Upon the sale of the bonds, this will be reimbursed. Special Income Tax Funding is to be reimbursed after 2011 and 2012 voted bond sale.
Title
To authorize and direct the City Auditor to transfer $280,000.00 from the Special Income Tax Fund to the Recreation and Parks Capital Improvement Fund; to authorize the City...
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