Explanation
Background: The Land Management Fund was created in September 1998 to provide funds for various expenses associated with the management and maintenance of properties held in the land bank.
Fiscal Impact: This legislation authorizes the appropriation of $109,500 from the unappropriated balance of the Land Management Fund for the administration of the Land Reutilization Program. The unencumbered cash balance of this fund is approximately $221,413.
Emergency action is requested so that expenditures related to the administration of Land Redevelopment projects can be charged accordingly.
Title
To authorize the appropriation of $109,500 from the unappropriated balance of the Land Management Fund to the Department of Development to provide funds for the administration of Land Redevelopment office and related projects; and to declare an emergency. ($109,500)
Body
Whereas, this legislation authorizes the appropriation of $109,500 from the unappropriated balance of the Land Management Fund for the administration of the Land Reutilization Program; and
Whereas, the Land Management Fund was created in September, 1998 to provide funds for various expenses associated with the management and maintenance of properties held in the land bank; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, that it is immediately necessary to provide an appropriation so that expenditures related to the administration of Land Redevelopment projects can be charged accordingly, 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 from the unallocated monies in the Land Management Fund, Fund No. 206, and from any and all sources unallocated for any other purpose during the fiscal year ending December 31, 2008, the sum of $109,500 be and hereby is appropriated to the Department of Development, Division 44-01, OCA Code 441206, as follows:
OL1 01 / OL3 1112 / Purpose: Part-Time Wages / Amount $9,500
OL1 03 / OL3 3340 / Purpose: Taxes / Amount $40,000
OL1 03 / OL3 3370 / Purpose: Property Maintenance/Repairs / Amount $60,000
Total: $ 109,500
Section 2. That the monies appropriated in the foregoing Section 1 shall be paid upon the order of the Development Director and that no order shall be drawn or money paid except by voucher, the form of which shall be approved by the City Auditor.
Section 3. That for the reasons stated in the preamble hereto, which is hereby made a part thereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.