City of Columbus - File #: 1090-2007

• File #: 1090-2007
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/26/2007
• In control: Development Committee
• On agenda: 7/9/2007
• Final action: 7/11/2007
• Title: To authorize and direct the payment of $86,906.47 to Plante & Moran in accordance with the Downtown Office Incentive Program agreement; to authorize the expenditure of $86,906.47 from the General Fund; and to declare an emergency. ($86,906.47)

Date	Ver.	Action By	Action	Result
7/11/2007	1	CITY CLERK	Attest
7/10/2007	1	MAYOR	Signed
7/9/2007	1	Columbus City Council	Approved	Pass
7/9/2007	1	COUNCIL PRESIDENT	Signed
6/28/2007	1	CITY AUDITOR	Reviewed and Approved
6/28/2007	1	Dev Drafter	Sent for Approval
6/28/2007	1	CITY ATTORNEY	Reviewed and Approved
6/28/2007	1	Dev Drafter	Sent to Clerk's Office for Council
6/27/2007	1	Dev Drafter	Sent for Approval
6/27/2007	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
6/27/2007	1	Dev Drafter	Sent for Approval
6/27/2007	1	Finance Reviewer	Reviewed and Approved
6/27/2007	1	Finance Reviewer	Reviewed and Approved
6/27/2007	1	FINANCE DIRECTOR	Reviewed and Disapproved
6/27/2007	1	Dev Drafter	Sent for Approval
6/27/2007	1	FINANCE DIRECTOR	Reviewed and Approved
6/27/2007	1	Dev Drafter	Sent for Approval
6/27/2007	1	Auditor Reviewer	Reviewed and Approved

Explanation

BACKGROUND:
Ordinance No. 0163-2004 authorized the Director of the Development Department to enter into a Columbus Downtown Office Incentive Program agreement with Plante & Moran. As a result of entering into this agreement, the City has received $173,812.93 in income tax withholding from Plante & Moran in 2006. Plante & Moran has met all requirements to satisfy the agreement in 2006 and now qualifies for the CDOI payment in the amount of $86,906.47. Plante & Moran is in the third year of their five-year term for this incentive.

FISCAL IMPACT:
The 2007 General Fund Budget includes funding for this incentive payment.


Title

To authorize and direct the payment of $86,906.47 to Plante & Moran in accordance with the Downtown Office Incentive Program agreement; to authorize the expenditure of $86,906.47 from the General Fund; and to declare an emergency. ($86,906.47)


Body

WHEREAS, ordinance No. 0163-2004 authorized the Director of the Development Department to enter into a Downtown Office Incentive Program agreement with Plante & Moran; and

WHEREAS, Plante & Moran has met all requirements to satisfy the agreement; and

WHEREAS, the City will pay Plante & Moran a Downtown Office Incentive payment in the amount of $86,906.47; and

WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to adopt this Ordinance, all for the immediate preservation of the public health, property, safety and welfare; 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 make payment to Plante & Moran in the amount of $86,906.47.

Section 2. That the expenditure of $86,906.47, or so much as may be necessary, be and is hereby authorized from the Development Department, Department 44-01, General Fund, Fund 010, OCA Code 440010, Object Level Three 5513.

Section 3. That for the reasons ...