Explanation
BACKGROUND: On November 4, 2013 City Council approved Ordinance 2529-2013 authorizing the Director of Development to enter into an annexation agreement with the Board of Trustees of Franklin Township, the legislative authority of and for Franklin Township. The City and the Township have contiguous boundaries and overlapping jurisdictions within Franklin County. In order to advance the welfare of the citizens for the respective jurisdictions, the parties desire to cooperate by fostering and promoting development which is compatible with the character of the area, while also preserving the geographic integrity of the Township.
The annexation agreement outlines Annexation payments as well as areas of cooperation including joint land use planning to ensure coordination on projects, joint marketing to advance economic development and coordination of capital improvement projects along the West Broad Street Corridor.
FISCAL IMPACT: This legislation authorizes quarterly payments not to exceed $150,000 for the period January 1, 2015 through December 31, 2015 made to the Board of Trustees of Franklin Township as set forth in the Annexation Agreement with the Board of Trustees of Franklin Township authorized by Ordinance 2529-2013 and approved by City Council on November 4, 2013. Funding is contingent on the passage of the General Fund operating budget, ordinance 2620-2014.
Title
To authorize quarterly expenditures in an amount equal to the percentages set forth in the Annexation Agreement with the Board of Trustees of Franklin Township authorized by Ordinance 2529-2013 and approved by City Council on November 4, 2013 and not to exceed $150,000.00; to authorize and direct the City Auditor to transfer an amount not to exceed $150,000.00 within the General Fund; and to authorize an expenditure of an amount not to exceed $150,000.00 from the General Fund for the period January 1, 2015 through December 31, 2015. ($150,000.00)
Body
WHEREAS, the City and the Township are political subdivisions located entirely within the State of Ohio; and
WHEREAS, the Township and City being contiguous and to a certain extent, having overlapping jurisdictions with areas located in Franklin County; and
WHEREAS, as part of such cooperation and in order to improve and advance the welfare of their respective citizens, the parties desire to cooperate in the development of the territory to which the agreement will pertain in order to foster and promote development which is compatible with the character of the area; and
WHEREAS, on November 4, 2013 City Council approved Ordinance 2529-2013 authorizing the Director of Development to enter into an annexation agreement with the Board of Trustees of Franklin Township, the legislative authority of and for Franklin Township; and
WHEREAS, the annexation agreement outlines Annexation payments as well as areas of cooperation including joint land use planning to ensure coordination on projects, joint marketing to advance economic development and coordination of capital improvement projects along the West Broad Street Corridor; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That expenditures in an amount equal to the percentages set forth in the Annexation Agreement with the Board of Trustees of Franklin Township authorized by Ordinance 2529-2013 and approved by City Council on November 4, 2013, and not to exceed $150,000.00 for the period January 1, 2015 through December 31, 2015 are hereby authorized.
SECTION 2. In anticipation of the payments for the period January 1, 2015 through December 31, 2015, the City Auditor be and is hereby authorized and directed to transfer the amount due to Franklin Township, an amount not to exceed $150,000.00, within the General Fund, Fund 010 from the Department of Finance & Management, Department/Division 45-01, Object Level One 10, Object Level Three 5501, OCA 904508 to the Department of Development Department/Division 44-01, Object Level One 5, Object Level Three 5511, OCA 440306.
SECTION 3. That for the purpose as stated in Section 1, expenditures of an amount not to exceed $150,000.00, be and is hereby authorized to be expended from the Department of Development, Department/Division 44-01, Fund 010, Object Level One 05, Object Level Three 5511, OCA 440306.
SECTION 4. 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 5. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.