Explanation
BACKGROUND: Ordinance 1203-2008, passed July 14, 2008, authorized the payment to various school districts for income tax revenue sharing. The amount authorized for the Columbus City School District did not include the $15,210.79 revenue share amount for 274 First AGA, Inc. This legislation will amend Ordinance 1203-2008 to include this amount.
Emergency action is requested in order to expedite payment to the Columbus City School District.
FISCAL IMPACT: The 2008 General Fund budget includes the $15,210.79 payment reflected in this amendment.
Title
To amend Ordinance 1203-2008, passed July 14, 2008, to increase the payment to the Columbus City School District by $15,210.79; and to declare an emergency. ($15,210.79)
Body
WHEREAS, on July 14, 2008, Columbus City Council passed Ordinance 1203-2008, authorizing the payment to various school districts for income tax revenue sharing; and
WHEREAS, it has been determined that the payment to the Columbus City School District did not include the revenue share amount for 274 First AGA, Inc.; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to authorize the amendment to Ordinance 1203-2008 to correct an error and expedite payment to the Columbus City School District, all for the immediate preservation of the public health, peace, property, safety and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Title and Sections 3 and 4 of Ordinance 1203-2008, passed July 14, 2008, be and are hereby amended to read as follows:
Title: To authorize and direct the City Auditor to transfer $526,781.67 from the Special Income Tax Fund to the General Fund; to appropriate said funds to the Economic Development Division; to authorize and direct the payment of $1,573,768.90 to the Columbus City School District, $92,018.50 to the Hilliard City School ...
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