City of Columbus - File #: 0305-2006

• File #: 0305-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 2/6/2006
• In control: Administration Committee
• On agenda: 2/27/2006
• Final action: 3/1/2006
• Title: To authorize the Director of Director of the Department of Finance and Management to enter into a purchase agreement for that real property commonly known as 1566 Summit Street and 212 East 11th to provide parking for the OSU Neighborhood Policing project, and to expend $290,000.00 from the Safety Voted Bond Fund, and to declare an emergency. ($290,000.00)

Date	Ver.	Action By	Action	Result
3/1/2006	1	CITY CLERK	Attest
2/28/2006	1	MAYOR	Signed
2/27/2006	1	Columbus City Council	Approved	Pass
2/27/2006	1	COUNCIL PRESIDENT	Signed
2/17/2006	1	Auditor Reviewer	Reviewed and Approved
2/17/2006	1	CITY AUDITOR	Reviewed and Approved
2/17/2006	1	Atty Drafter	Sent for Approval
2/17/2006	1	CITY ATTORNEY	Reviewed and Approved
2/17/2006	1	Atty Drafter	Sent to Clerk's Office for Council
2/11/2006	1	Atty Drafter	Sent for Approval
2/10/2006	1	Finance Reviewer	Reviewed and Approved
2/10/2006	1	FINANCE DIRECTOR	Reviewed and Approved
2/9/2006	1	Finance Reviewer	Reviewed and Approved
2/7/2006	1	Atty Drafter	Sent for Approval
2/6/2006	1	Atty Drafter	Sent for Approval
2/6/2006	1	Atty Reviewer	Reviewed and Approved

Explanation

Background: The City of Columbus, ("City") is engaged in a joint program with The Ohio State University for the construction of new police substation to be located in the campus area. The City desires to purchase that real property commonly known as 1566 Summit Street and 212 East 11th to provide a parking area to compliment the new police substation. John A. Wasko ("Owner") desires to sell the subject property to the City. The following legislation authorizes the Director of the Department of Finance and Management to execute a purchase contract to purchase the aforementioned real property, and to expend $290,000.00 for cost relevant to its acquisition.

Fiscal Impact: The Department of Finance and Management has determined that $290,000.00 for the purchase of the subject property will come from the Safety Voted Bond Fund.

Emergency Justification: Emergency action is requested to allow this acquisition to proceed in agreement with the closing transaction deadline and other terms and conditions of the purchase contract.

Title

To authorize the Director of Director of the Department of Finance and Management to enter into a purchase agreement for that real property commonly known as 1566 Summit Street and 212 East 11th to provide parking for the OSU Neighborhood Policing project, and to expend $290,000.00 from the Safety Voted Bond Fund, and to declare an emergency. ($290,000.00)

Body

WHEREAS, the City of Columbus, ("City") is engaged in a joint program with The Ohio State University for the construction of new police substation to be located in the campus area; and

WHEREAS, the City desires to purchase that real property commonly known as 1566 Summit Street and 212 East 11th Avenue to provide a parking area to compliment the new police substation; and

WHEREAS, it is necessary to expend $290,000.00 from the Safety Voted Bond Fund for cost relevant the acquisition of the subject property; and

WHEREAS, an emergency e...