Explanation
BACKGROUND: The City of Columbus, Department of Development desires to enter into an agreement with Columbus Urban Growth Corporation for the partial reimbursement of costs associated with the utility installation at the Northland project.
FISCAL IMPACT: Funds are available within the Northland and Other Acquisitions Fund for this expenditure.
EMERGENCY
JUSTIFICATION: Emergency action is requested in order to allow for the immediate reimbursement of costs.
Title
To authorize the Director of the Department of Development to enter into an agreement with Columbus Urban Growth Corporation for the partial reimbursement of costs associated with utility installation at the Northland Project; to authorize the appropriation of $116,009.25 from the Northland and Other Acquisitions Fund; to authorize the expenditure of $116,009.25 from the Northland and Other Acquisitions Fund; and to declare an emergency. ($116,009.25)
Body
Whereas, the City of Columbus, Department of Development desires to enter into an agreement with Columbus Urban Growth Corporation for the partial reimbursement of costs associated with utility installation at the Northland project; and
Whereas, it is necessary to appropriate and expend $116,009.25 from the Northland and Other Acquisitions Fund; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, in that it is immediately necessary to authorize the appropriation and expenditure for the timely reimbursement of costs and for the preservation of the public health, peace, property and safety; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Development Department is authorized to enter into an agreement with Columbus Urban Growth Corporation for the partial reimbursement of costs associated with utility installation at the Northland Project.
Section 2. That the sum of $116,009.25 is hereby...
Click here for full text