Explanation
BACKGROUND:
Scioto Greenways Project involves the removal of the Main Street Dam, the restoration of the Scioto River, construction of park improvements, and related utility and bridge improvements along both sides of the Scioto River between the confluence of the Scioto River and the Olentangy River to approximately 800 feet south of the current Main Street Dam.
Ordinance 1253-2012 previously authorized the City of Columbus to enter into contract with Columbus Downtown Development Corporation (CDDC) in the amount of $18,000,000. This legislation will authorize the expenditure of $4,000,000 in accordance with the existing contract “Scioto Greenways Project Primary Agreement” as previously approved by council action on July 23, 2012.
FISCAL IMPACT:
$4,000,000 in Recreation and Parks Bond Funds toward the estimated $35,500,000 total project cost subject to future appropriations by Columbus City Council. Future legislation will appropriate bond funds in 2014 and 2015.
Title
To authorize the City Auditor to transfer $4,000,000.00 within the voted Recreation and Parks Bond Fund 702; to amend the 2012 Capital Improvements Budget Ordinance 0368-2012; to authorize and direct the Director of Recreation and Parks to create a purchase order in the amount of $4,000,000 with the Columbus Downtown Development Corporation based on Ordinance 1253-2012 approval; to authorize the expenditure of $4,000,000.00 from the Voted Recreation and Parks Bond Fund; and to declare an emergency. ($4,000,000.00)
Body
WHEREAS, it is necessary for the Director of Recreation and Parks, to create initial purchase order with CDDC for the removal of the Main Street Dam and the development of the Scioto River; and
WHEREAS, the 2012 Capital Improvement Budget will be amended to reflect the fund transfers from projects within Fund 702 for the Main Street Dam Project; and
WHEREAS, funds are being moved to alternate project within Fund 702 to establish correct funding locations for th...
Click here for full text