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File #: 0557-2017    Version: 1
Type: Ordinance Status: Passed
File created: 2/24/2017 In control: Housing Committee
On agenda: 3/27/2017 Final action: 3/29/2017
Title: To authorize the appropriation of $1,262,938.00 from the unappropriated balance of the Land Management Fund to the Department of Development to provide funds for the administration of the Land Redevelopment Division and related projects; and to declare an emergency. ($1,262,938.00)
Attachments: 1. ORD0557-2017 2017 LMF budget DAX String
Explanation
Background: This legislation appropriates $1,262,938 from the unappropriated balance of the Land Management Fund for the administration of the Land Reutilization Program (Land Bank). The Land Management Fund was created in September, 1998 to provide funds for various expenses associated with the management and maintenance of properties held in the Columbus Land Bank.

Emergency action is requested so that expenditures related to the administration of Land Redevelopment projects can be charged accordingly.

Fiscal Impact: This legislation appropriates $1,262,938 from the unappropriated balance of the Land Management Fund.

Title
To authorize the appropriation of $1,262,938.00 from the unappropriated balance of the Land Management Fund to the Department of Development to provide funds for the administration of the Land Redevelopment Division and related projects; and to declare an emergency. ($1,262,938.00)

Body
WHEREAS, the Land Management Fund was created in September 1998 to provide funds for various expenses associated with the management and maintenance of properties held in the Land Bank; and

WHEREAS, it is necessary to appropriate $1,262,938 from the unappropriated balance of the Land Management Fund to the Department of Development for the administration of the Land Reutilization Program; and

WHEREAS, the unencumbered cash balance of this fund is approximately $1,969,840.53; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Development that it is immediately necessary to provide an appropriation so that expenditures related to the administration of Land Redevelopment projects can be charged accordingly, thus avoiding an interruption in the delivery of vital program services, all for the immediate preservation of the public health, peace, property, safety, and welfare; now, therefore,


BE IT ORDAINED BY...

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