Explanation
BACKGROUND: The Special Improvement District (SID) was created in 2020 for a term of five years from 2021 through 2015. 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. 0810-2020, passed May 4, 2020. City Council also approved the Plan of Services to be provided by the Franklinton SID by Resolution No. 0069X-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. 0103X-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. 1895-2020, passed September 14, 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 appropriates and approves the expenditure of that portion of assessments collected in FY 2022 that is to be returned to the SID. This legislation would also allow the Director of Development to enter into a contract with the Franklinton Special Improvement District, Inc. for disbursement of these funds in 2022.
Emergency action is requested to allow for continuation of services without interruption.
FISCAL IMPACT: Funds for this expenditure will be received from the levy of assessments collected from property owners in the Franklinton Special Improvement District. These funds are deposited into and expended from Agency Fund 3314.
CONTRACT COMPLIANCE: The vendor number is 035762 and expires on 1/12/2024.
Title
To authorize and direct the Director of the Department of Development to enter into a contract with the Franklinton Special Improvement District, Inc. for the implementation of services and improvements set forth in the Service Plan; to authorize the City Audito...
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