Explanation
BACKGROUND: This ordinance authorizes the Director of the Department of Development to enter into contract with the Columbus Regional Airport Authority (CRAA) for the purpose of making capital improvements at Rickenbacker International Airport. These improvements will position Rickenbacker to increase the number of regularly scheduled international air cargo flights, allowing our region to benefit from both the direct import of goods from around the world and the direct export of products from Ohio to markets throughout the world.
CRAA has identified $14.5 million in capital projects for which it is seeking public and private funding partners. The CRAA has secured approximately $7.8 million from the private sector and is seeking $6.7 million in public sector support, including funding from the City of Columbus, Franklin County, and the State of Ohio.
The City’s contribution will total $750,000.00 and will be leveraged by private and public funds to make the following capital improvements at Rickenbacker:
• Design and construct a cargo facility for the domestic and international shipment of materials to/from the region;
• Design and construct aircraft parking and servicing areas.
• Install area lighting;
• Design and construct roadway and storm water improvements; and
• Relocate and extend utilities.
FISCAL IMPACT: A total of $750,000.00 will be expended from the Special Income Tax Fund.
Title
To authorize the Director of the Department of Development to enter into contract with the Columbus Regional Airport Authority (CRAA) for the purpose of making capital improvements at Rickenbacker International Airport; and to authorize the appropriation and expenditure of $750,000.00 from the Special Income Tax fund. ($750,000.00)
Body
WHEREAS, various capital improvements are needed at Rickenbacker International Airport; and
WHEREAS, these capital improvements will allow Rickenbacker Airport to increase the number of regularly scheduled international air cargo flights; and
WHEREAS, this increased flight capacity will assist regional economic development through enhanced global trade in both the import and export markets; and
WHEREAS, the City’s contribution will be part of a $14.5 million funding pool, consisting of both public and private financial support; 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 contract with the Columbus Regional Airport Authority (CRAA) for the purpose of making various capital improvements at Rickenbacker International Airport.
SECTION 2. That from the unappropriated monies and from all 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, 2017, the sum of $750,000.00 is appropriated in the Special Income Tax Fund 4430, Sub-Fund 443001 in Object Class 06 - Capital Outlay, per the accounting codes in the attachment to this ordinance.
SECTION 3. That the expenditure of $750,000.00, or so much thereof as may be necessary, in regard to the actions authorized in Sections 1 and 2, be and is hereby authorized and approved from the Special Income Tax Fund 4430, Sub-Fund 443001 in Object Class 06 - Capital Outlay per the accounting codes in the attachment to the ordinance.
SECTION 4. That the monies in the foregoing Sections shall be paid upon order of the Director of Department of Development, and that no order shall be drawn or money paid except by voucher, the form of which shall be approved by the City Auditor.
SECTION 5. 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 6. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance.
SECTION 7. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.