Explanation
BACKGROUND: This legislation authorizes the Finance and Management Department to expend monies for labor, materials, equipment, and services in conjunction with various facilities improvements that are unplanned but necessary to keep city facilities operational, functional and safe. Work may include any type of renovation of City-owned facilities, such as electrical, small scale renovation HVAC, and plumbing. All work will be done in accordance with the competitive bidding provisions of the Columbus City Codes. Funding for these expenditures is from the Construction Management Capital Improvement Fund.
Emergency action is requested so that the Finance and Management Department can address emergency renovations to capital assets.
Fiscal Impact: This project is funded in the 2013 Capital Improvement Budget. Bonds have not yet to be sold for his project; therefore it is necessary to certify funds needed in the amount of $200,000.00 against the Special Income Tax Fund. Upon sale of the bonds, this will be reimbursed.
Title
To authorize and direct the City Auditor to appropriate and transfer $200,000.00 from the Special Income Tax Fund to the Construction Management Capital Improvement Fund; to authorize the City Auditor to appropriate $200,000.00 within the Construction Management Capital Improvement Fund; to authorize the Finance and Management Director to expend monies for labor, materials, equipment, and services in conjunction with various facilities improvements; to authorize the expenditure of $200,000.00 from the Construction Management Capital Improvement Fund; and to declare an emergency. ($200,000.00)
Body
WHEREAS, various unexpected facility renovations will likely become necessary within the Finance and Management Department; and
WHEREAS, it is necessary to transfer funds from the Special Income Tax Fund to fund this project; and
WHEREAS, the City will sell notes or bonds to fund this project and will reimburse the Special ...
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