Explanation
Background: This legislation authorizes the transfer and expenditure of $47,500 from the General Fund to provide funds to enter into an agreement with the Columbus Downtown Development Corporation (CDDC) for a Downtown Columbus Streetcar feasibility study. The study will be done in concert with the Downtown Streetcar Working Group convened by Mayor Coleman. As a result of the Working Group, the City of Columbus, Franklin County Convention Facilities Authority, CDDC and the private sector have pledged $287,500 toward this study.
Fiscal Impact: The $47,500 will be transferred from surplus funds in the Planning Division, Personnel object level.
Title
To authorize the transfer of $47,500 within the General Fund, Department of Development; to authorize the Director of the Department of Development to enter into a contract with the Columbus Downtown Development Corporation for a Downtown Columbus Streetcar feasibility study; and to authorize the expenditure of $47,500 from the General Fund. ($47,500)
Body
WHEREAS, the Director of the Department of Development desires to transfer funds within the General Fund for the purpose of entering into an agreement with the Columbus Downtown Development Corporation; and
WHEREAS, under this agreement the Columbus Downtown Development Corporation will implement and oversee a feasibility study of a streetcar system for the Downtown area including routing, financing, ridership and the opportunity for ancillary economic development; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor is hereby authorized and directed to transfer $47,500 within the Department of Development, General Fund, Fund 010 as follows:
FROM:
Division No. Object Level 0ne Object Level Three OCA Code Amount
44-06 01 1101 440336 $47,500
TO:
Division No. Object Level 0ne Object Level Three OCA Code Amount
...
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