Explanation
Background: Ordinance 1912-2006 authorized the City Auditor to create Property Management Fund 2294 for the deposit of revenues and payment of expenditures associated with operating various city-owned properties where there are non-city tenants and where the payments from lease agreements are to be used to offset the costs of the operation and maintenance of these properties. Ordinance 1184-2010 authorized the City Auditor to create additional sub-funds as needed in the future in Property Management Fund 2294 for any similar purposes. As authorized by Ordinance 2537-2017, the City is now the owner of that real property and mixed-use commercial building located at 1402-1418 Cleveland Avenue, Columbus, Ohio 43211. The City Auditor has established a new sub-fund under Property Management Fund 2294, designated as 229408, “1402-1418 Cleveland Avenue”, for the deposit of income associated with tenant leases at this city-owned real property and for the expenditure of funds necessary to support of the operations, maintenance, and capital needs of the property.
This ordinance authorizes the appropriation of funds from the unappropriated monies in Property Management Fund 2294 as received in sub-fund 229408, 1402-1418 Cleveland Avenue, for payment of all expenditures necessary to support the operation, maintenance, and capital needs of the real property, appropriates future deposits the City receives in this sub-fund, authorize and directs the Director of the Department of Finance and Management to pay those expenditures necessary for the operation, maintenance, and capital needs of city-owned real property located at 1402-1418 Cleveland Avenue.
Emergency action is requested to allow for the uninterrupted operation of the property and provision of building services to tenants required under the leases by the City as Landlord, and to pay utilities and other expenses now due.
Fiscal Impact: It is estimated that the City will receive income of approximately $130,000.00 per year and will expend the same for the expenses associated with operating the property.
Title
To authorize the appropriation of funds from the unappropriated monies in Property Management Fund sub-fund 229408, 1402-1418 Cleveland Avenue, to authorize that any such future deposits received into sub-fund 229408 be deemed to be appropriated, to authorize the Director of the Department of Finance and Management to pay those expenditures necessary for the operation, maintenance, and capital needs of city-owned real property located at 1402-1418 Cleveland Avenue, to authorize the City Auditor to account for revenues and expenditures in sub-fund 229408, and to declare an emergency.
Body
WHEREAS, the City is now the owner of that real property and mixed-use commercial building located at 1402-1418 Cleveland Avenue, Columbus, Ohio 43211 as authorized by Ordinance 2537-2017; and
WHEREAS, the City Auditor has established sub-fund 229408 titled "1402-1418 Cleveland Avenue" under Property Management Fund 2294 for the deposit of income associated with leases to tenants and for the expenditure of funds necessary to support of the operations, maintenance, and capital needs of the city-owned real property located at 1402-1418 Cleveland Avenue; and
WHEREAS, it is necessary to appropriate the unappropriated monies in Property Management Fund sub-fund 229408, 1402-1418 Cleveland Avenue, to pay those expenses necessary for the operation, maintenance, and capital needs of city-owned real property; and
WHEREAS, it is in the best interest of the City to authorize any such future deposits as the City may receive into sub-fund 229408, 1402-1418 Cleveland Avenue, be deemed to be appropriated, and that the City Auditor by authorized to pay such amounts thereof for expenditures made in conformance with the requirements of Columbus City Codes for the operation, maintenance, and capital needs of the real property; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Finance and Management in that it is immediately necessary to appropriate said funds for the preservation of public health, peace, property and safety and to provide services to the real property without interruption for the operation and maintenance of the real property; now therefore:
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That from the unappropriated monies in Property Management Fund 229408 and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose are appropriated to the Department of Finance and Management. Division 45-51 for expenditures related to the operation, maintenance, and capital needs of that city-owned real property located at 1402-1418 Cleveland Avenue, and
SECTION 2. That the Director of the Department of Finance and Management be authorized and directed to pay monies appropriated in SECTION 1 for those expenditures necessary for the operation, maintenance, and capital needs of that city-owned real property located at 1402-1418 Cleveland Avenue 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 3. That any such future deposits as the City may receive in Property Management Fund 229408 are hereby deemed to be appropriated and the City Auditor is hereby authorized to pay such amounts thereof, for expenditures made in conformance with the requirements of Columbus City Codes for the operation, maintenance, and capital needs of that city-owned real property located at 1402-1418 Cleveland Avenue.
SECTION 4. That the City Auditor is hereby authorized to account for revenues and expenditures in Property Management Fund 229408 related to the operation, maintenance, and capital needs of the city-owned property located at 1402-1418 Cleveland Avenue.
SECTION 5. That for 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 its passage if the Mayor neither approves nor vetoes the same.