Explanation
BACKGROUND: This legislation authorizes payments not to exceed $150,000.00 for the period January 1, 2024, through December 31, 2024, made to the Board of Trustees of Franklin Township as set forth in the Annexation Agreement with the Board of Trustees of Franklin Township authorized by Ordinance Number 2529-2013 and approved by City Council on November 4, 2013.
On November 4, 2013, City Council approved Ordinance Number 2529-2013 authorizing the Director of Development to enter into an annexation agreement with the Board of Trustees of Franklin Township, the legislative authority of and for Franklin Township. The City and the Township have contiguous boundaries and overlapping jurisdictions within Franklin County. In order to advance the welfare of the citizens for the respective jurisdictions, the parties desire to cooperate by fostering and promoting development which is compatible with the character of the area, while also preserving the geographic integrity of the Township.
The annexation agreement outlines Annexation payments as well as areas of cooperation including joint land use planning to ensure coordination on projects, joint marketing to advance economic development, and coordination of capital improvement projects along the West Broad Street Corridor.
Emergency action is requested to allow for the immediate payments set forth in the Annexation Agreement.
FISCAL IMPACT: Payments will be made quarterly and funds are available in the 2024 General Fund budget, contingent upon passage of Ordinance 3011-2023.
Title
To authorize an expenditure of an amount not to exceed $150,000.00; to authorize the Auditor’s Office to make quarterly payments in an amount equal to the percentages set forth in the Annexation Agreement with the Board of Trustees of Franklin Township authorized by Ordinance Number 2529-2013 and approved by City Council on November 4, 2013; and to declare an emergency. ($150,000.00)
Body
WHEREAS, the City and the To...
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