Explanation
Background: The City of Columbus maintains and operates Dorrian Green Park and the parking garage immediately West of COSI along with the building that COSI operates which is located at 333 W. Broad St., Columbus, Ohio, 43215. The City has determined that it is in their best interest to enter into an agreement with the Franklin County Historical Society (dba COSI) for the purposes of operational subsidy assistance related to the newly constructed parking garage, parking garage management agreement, and surrounding grounds. In order to offset any loss of revenue related to the parking project and new management agreement, it is necessary for the City and COSI to enter into this subsidy agreement for the purposes of setting forth the terms and conditions therein.
Ordinance No. 2652-2017 authorized the Director of Finance and Management to enter into agreement for management of the parking garage with Capitol South Community Urban Redevelopment Corporation.
This ordinance authorizes the transfer from fund 1000 to fund 2285 and appropriation in the amount of $150,000.00 in order to provide funding for this subsidy.
Principal Parties:
Franklin County Historical Society (dba COSI)
Contract Compliance is #314383802
This is a non-profit organization.
Fiscal Impact: $150,000.00 will be transferred to and available from and within the 2019 Recreation and Parks Operating Fund 2285 as part of this ordinance to meet the financial obligation of this agreement.
Emergency Justification: This ordinance is written as emergency in order for payment to be made in 2019.
Title
To authorize and direct the Director of Recreation and Parks to enter into an agreement with the Franklin County Historical Society (dba COSI) for the purpose of providing a subsidy payment to COSI; to authorize the transfer of $150,000.00 from the General Fund to the Recreation and Parks Operating Fund; to authorize the appropriation of $150,000.00 within the Recreation and Parks Operating Fund; and to authorize the expenditure of $150,000.00 from and within the Recreation and Parks Operating Fund, and to declare an emergency. ($150,000.00).
Body
WHEREAS, it is necessary to enter into an agreement with the Franklin County Historical Society (dba COSI) for the purposes of operational subsidy assistance related to the parking garage construction and operations project and surrounding grounds in order to offset any loss of revenue related to the project; and
WHEREAS, it is necesary to authorize the transfer of $150,000.00 from the General Fund 1000 subfund 100010 to the Recreation and Parks Operating Fund 2285 subfund 000000; and
WHEREAS, it is necessary to authorize the appropriation and expenditure of $150,000.00 from the Recreation and Parks Operating Fund; and
WHEREAS, this contract is established pursuant to the provisions of Chapter 329 that relate to not-for-profit service contracts;
WHEREAS, an emergency exists in the usual daily business of the Department of Recreation and Parks in that it is immediately necessary appropriate additional funding in order to avoid any delay in the subsidy payment to COSI for business operations, thereby preserving the public peace, property, health, and safety; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of Recreation and Parks is hereby authorized and directed to enter into an agreement with Franklin County Historical Society (dba COSI) for payment in the amount of $150,000.00 to offset any loss of revenue related to parking and construction.
SECTION 2. That this contract is awarded pursuant to the provisions of Chapter 329 that relate to not-for-profit service contracts.
SECTION 3. That the City Auditor is hereby authorized and directed to transfer $150,000.00 from Fund 1000 (General Fund), to Fund 2285 (Recreation and Parks Operating Fund) Department of Recreation and Parks 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 expenditures and transfers authorized to carry out the purposes of this ordinance and the City Auditor shall establish such accounting codes as necessary.
SECTION 5. That the expenditure of $150,000.00 or so much thereof is hereby authorized from the Recreation and Parks Operating Fund, in object class 03 (Professional Services)per the accounting codes in the attachment to this ordinance.
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 legislation.
SECTION 7. 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.