Explanation
Background: This legislation appropriates $65,000.00 from the unappropriated cash balance of the Land Management Fund for the administration of the Land Reutilization Program (Land Bank) in the Department of Development’s Division of Land Redevelopment for the remainder of 2017. 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 the Division of Land Redevelopment projects can be charged accordingly.
Fiscal Impact: This legislation appropriates $65,000.00 from the unappropriated cash balance of the Land Management Fund (Fund 2206) for the continued administration of this program in 2017. The unappropriated cash balance of this fund is approximately $2,120,620.
Title
To authorize the appropriation of $65,000.00 from the unappropriated cash balance of the Land Management Fund to the Department of Development to provide funds for the administration of the Division of Land Redevelopment projects; and to declare an emergency. ($65,000.00)
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 $65,000.00 from the unappropriated cash balance of the Land Management Fund to the Department of Development for the administration of the Division of Land Redevelopment. The unappropriated cash balance of this fund is approximately $2,120,620; and
WHEREAS, these funds are being appropriated to provide funding for staff costs; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to prov...
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