Explanation
BACKGROUND: City Council approved Ordinance 0336-2016 on March 14, 2016 authorizing the Director of the Department of Development to enter into a disbursement contract with the Short North Special Improvement District, Inc. (SID) for the implementation of services and improvements set forth in the District Plan and authorizing the City Auditor to appropriate and expend up to $400,000 from assessments levied from property owners.
Due to delinquent property tax payments, subsequently paid, of which SID assessments are paid at the same time, there will be additional funds collected and disbursed in 2016 exceeding the initial $400,000 estimate.
This legislation will amend the Short North Disbursement Contract dated March 16, 2016 to increase the amount that can be expended to $550,000.
FISCAL IMPACT: This legislation will increase the maximum amount that can be expended from $400,000 to $550,000. The additional $150,000 for this expenditure will be received from the levy of assessments collected from property owners in the Short North Special Improvement District. These funds are deposited into and expended from Agency Fund 3306.
Title
To amend the Short North Special Improvement District disbursement contract dated March 16, 2016 for the implementation of services and improvements set forth in the District Plan; to authorize the City Auditor to appropriate and expend up to $150,000.00 from assessments levied from property owners; and to declare an emergency. ($150,000.00)
Body
WHEREAS, City Council approved the reauthorization and implementation of a plan for services and improvements for the Short North Special Improvement District for a period of 5 years from January 1, 2011 through December 31, 2016; and
WHEREAS, City Council has also levied assessments in accordance with the Ohio Revised Code, Chapter 1710 for such purposes, which funds are in the process of collection and are required by law to be distributed to the District by the City; and
WHEREAS, the assessment funds collected by the County and forwarded to the City for disbursement will be available in March and September 2016; and
WHEREAS, emergency action is required to allow the Short North SID to operate its organization and to fund its initiatives in a timely manner; and
WHEREAS, City Council approved Ordinance 0336-2016 on March 14, 2016 authorizing the Director of the Department of Development to enter into a disbursement contract with the Short North Special Improvement District, Inc. (SID) for the implementation of services and improvements set forth in the District Plan and to authorize the City Auditor to appropriate and expend up to $400,000 from assessments levied from property owners; and
WHEREAS, due to delinquent property tax payments, subsequently paid, of which SID assessments are paid at the same time, there will be additional funds collected and disbursed in 2016 exceeding the initial $400,000 estimate; and
WHEREAS, there is an emergency in the usual daily operation of the Department of Development due to delinquent property tax payments and the availability of additional funds, requiring the distribution of such funds, and for the further 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 Short North Special Improvement District Disbursement Agreement dated March 14, 2016 between the Short North Special Improvement District, Inc. is hereby amended to increase the maximum amount that can be expended from $400,000 to $550,000.
SECTION 2. That from the unappropriated monies and from all the monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2016, the sum not to exceed $150,000 is appropriated in Fund 3306 Short North SID, Object Class 03 Contractual Services per the accounting codes in the attachment to this ordinance.
SECTION 3. That for the purpose stated in Section 1, the expenditure of $150,000 or so much thereof as may be needed, is hereby authorized in Fund 3306 Short North SID in Object Class 03 Contractual Services per the accounting codes in the attachment to this ordinance.
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 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.