Explanation
By this resolution, City Council accepts the Capital Improvement Program (CIP), 2012 - 2017, and makes it the primary guide for the 2012 Capital Improvements Budget. The CIP reflects priorities identified in the 2008 Voted Bond Package.
Title
To accept the "Capital Improvements Program, 2012-2017," as described herein, as the primary guide for the Capital Improvements Budget ordinance and to declare an emergency.
Body
WHEREAS, a Capital Improvements Program is needed to provide information and guidelines for the consideration and adoption of the annual Capital Improvements Budget; and
WHEREAS, a Capital Improvements Budget for the year 2012 is being adopted by Council under a separate ordinance; Now Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Capital Improvements Program for the years 2012 - 2017 described herein is hereby accepted as the primary guide for the consideration and adoption of the 2012 Capital Improvements Budget ordinance.
SECTION 2. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, 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.