Explanation
BACKGROUND: This legislation authorizes the appropriation and expenditure of up to $325,000.00 and the Director of Development to enter into a contract with the 5th Avenue and 4th Street Special Improvement District of Columbus, Inc. in an amount up to $325,000.00.
The Special Improvement District (SID) was created in 2020 for a term of five years from 2021 through 2025. In 2020 the property owners sought and obtained authorization for a period of five years. The petition to authorize the SID and its Articles of Incorporation was approved by City Council by Ordinance No. 0812-2020, passed May 4, 2020.
City Council also approved the Plan of Services to be provided by the 5th Avenue and 4th Street SID by Resolution No. 0070X-2020 passed May 18, 2020. The necessity to implement the Plan of Services and to levy a special assessment for the improvements and services was approved by City Council by Resolution No. 0104X-2020, passed June 29, 2020.
A final piece of legislation, providing for the levy of assessment to property owners, was approved by City Council by Ordinance No. 2390-2020, passed October 26, 2020. A portion of each assessment is to be returned to the SID for operational requirements as set forth in the District Plan.
This legislation disburses assessments to be collected in fiscal year 2021 to be returned to the SID.
Emergency action is requested to continue services without interruption.
FISCAL IMPACT: Funds for this expenditure will be received from the levy of assessments collected from property owners in the 5th Avenue and 4th Street Special Improvement District in 2021. These funds are deposited into and expended from Agency Fund 3315.
CONTRACT COMPLIANCE: Contractor compliance is pending.
Title
To authorize the appropriation and expenditure of up to $325,000.00 from Agency Fund 3315; authorize the Director of Development to enter into a contract with the 5th Avenue and 4th Street Special Improvement District of Columbus, Inc. in an amount up to $325,000.00; and to declare an emergency. ($325,000.00)
Body
WHEREAS, City Council approved the authorization and implementation of the Service Plan for the 5th Avenue and 4th Street Special Improvement District for a period of 5 years from January 1, 2021 through December 31, 2025; and
WHEREAS, City Council has also levied assessments in accordance with the Ohio Revised Code, Chapter 1710 for such purposes, which funds are in the process of collection and are required by law to be distributed to the 5th Avenue and 4th Street Special Improvement District by the City; and
WHEREAS, the assessment funds collected by the County and forwarded to the City for disbursement will be available in March and September 2021; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Economic Development Division, in that it is immediately necessary to appropriate and expend said funds to allow for continuation of services without interruption, thereby preserving the public health, peace, property, safety, and welfare; and NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. 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 ended December 31, 2021, the sum of $325,000.00 is appropriated in Fund 3315 (5th Avenue 4th Street SID), Dept-Div 44-02 (Economic Development), in object class 05 (Other)
Section 2. That the expenditure of $325,000.00 or so much thereof as may be needed, is hereby authorized in Fund 3315 (5th Avenue 4th Street SID), Dept-Div 44-02 (Economic Development) in object class 05 (Other) per the accounting codes in the attachment to this ordinance.
Section 3. Funds 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 4. That the Director of Development is hereby authorized to enter into a contract with the 5th Avenue and 4th Street Special Improvement District of Columbus, Inc. for an amount up to $325,000.00.
Section 5. 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 6. 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.