Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to provide grant assistance to Wonderland Columbus for the provision of services as described below.
Grant funds in the amount of $50,000 will assist in offsetting costs needed for the site reviews, assessment, testing and due diligence for the property located at 500 W. Broad Street, Columbus, Ohio 43215. Reviews include, but are not limited to, surveys, measures, site plans, assessments and testing, in order to determine the economic feasibility of developing the property. The total costs are estimated at $94,825 and these funds provide a partial offset of those costs.
FISCAL IMPACT: Funds for this grant are allocated from the General Permanent Improvement Fund.
Title
To authorize the Director of the Department of Development to enter into a grant agreement with Wonderland Columbus to assist in offsetting costs needed for the site reviews, assessment, testing and due diligence for the property located at 500 W. Broad Street; to authorize the appropriation, transfer and expenditure of $50,000 within the General Permanent Improvement Fund; and to declare an emergency. ($50,000.00)
Body
WHEREAS, Wonderland Columbus has submitted an application seeking financial assistance to address service needs; and
WHEREAS, City Council has reviewed the grant application and hereby declares that the agency has articulated a need for General Permanent Improvement Fund expenses that is sufficient to justify approval of said grant; and
WHEREAS, the Director of the Department of Development desires to execute a grant agreement with the agency to support a project using funds from the General Permanent Improvement Fund; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to execute a grant agreement with Wonderland Columbus to avoid causing delays in the delivery of vital program services, all for the 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 the Director of the Department of Development is hereby authorized to enter into a grant agreement with Wonderland Columbus to assist in offsetting costs needed for the site reviews, assessment, testing and due diligence for the property located at 500 W. Broad Street, Columbus, Ohio 43215.
Section 2. That from the unappropriated balance in the General Permanent Improvement Fund, Fund 748, and from all monies estimated to come into said fund from any and all sources for the period ending December 31, 2013, the sum of $50,000.00 is hereby appropriated to the Development Department, Division No. 44-01, Project 748999-100013, Object Level One 06, Object Level Three 6600, OCA Code 748441.
Section 3. That the City Auditor is hereby authorized to transfer cash and appropriation within Fund 748, General Permanent Improvement Fund as follows:
Transfer from:
Project / Project Name / O.L. 01-03 Codes / OCA / Amount
748999-100000 / Unallocated Balance / 06-6000 / 748441 / $50,000.00
Transfer to
Project / Project Name / O.L. 01-03 Codes / OCA/ Amount
440104-100013 / Wonderland / 06-6621 / 741413 / $50,000.00
Section 4. That for the purpose as stated in Section 1, the expenditure of $50,000.00 or so much thereof as may be necessary, be and is hereby authorized to be expended from the General Permanent Improvement Fund, Fund 748, Project 440104-100013, Department of Development, Department/Division No. 44-01, Object Level One 06, Object Level Three 6621, OCA Code 741413.
Section 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for any contract or contract modification associated with the expenditure of the funds in Section 4 above.
Section 6. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
Section 7. 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.