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Home My WebLink About71-06 OrdinanceRECORD OF ORDINANCES Dayton Legal Blank, Inc. Form No. 30043 Ordinance No. 71-06 Passed . 20 AN ORDINANCE AMENDING THE ANNUAL APPROPRIATIONS ORDINANCE FOR THE FISCAL YEAR ENDING DECEMBER 31, 2006 WHEREAS, Section 5705.40 of the Ohio Revised Code allows for supplemental appropriations to be made provided sufficient resources are available; and WHEREAS, the Ohio Revised Code requires, when necessary, amendments to the annual appropriations ordinance be made in order that appropriations are not over expended; and WHEREAS, it is necessary to amend the annual appropriations measure to provide adequate funding authorization for various capital projects funds. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, ,~ of the elected members concurring that: Section 1. There be appropriated from the unappropriated balance in the Parkland Acquisition Fund the amount of $9,000.00 to account 402-0221-710-2301 for fees charged by Franklin County to collect and distribute real estate taxes. Section 2. There be appropriated from the unappropriated balance in the Woerner- Temple TIF Fund the amount of $53.33 to account 412-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments. Section 3. There be appropriated from the unappropriated balance in the Ruscilli TIF Fund the amount of $2,406.83 to account 415-0221-710-2301 for fees charge by Franklin County to collect and distribute service payments. Section 4. There be appropriated from the unappropriated balance in the Pizzuti TIF' Fund the amount of $92,311.91. Of the total, $2,896.15 is to be appropriated to account 416-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments and $89,415.76 to account 416-0221-710-2302 for payments due to Pizzuti Builders, LLC in accordance with the TIF agreement. Section 5. There be appropriated from the unappropriated balance in the Thomas/Kohler TIF Fund the amount of $2,809.68 to account 419-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments. Section 6. There be appropriated from the unappropriated balance in the McKitrick TIF Fund the amount of $14,554.02 to account 421-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments. Section 7. There be appropriated from the unappropriated balance in the Perimeter Center TIF Fund the amount of $200,966.27.Of the total, $1,907.77 is to be appropriated to account 425-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments, $198,403.00 to account 425-0314-780-2349 for design fees and $655.50 to account 425-0314-810-2790 to transfer funds to the General Fund for reimbursement of fees. Section 8. There be appropriated from the unappropriated balance in the Rings Road TIF Fund the amount of $2,115.62 to account 426-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments. Section 9. There be appropriated from the unappropriated balance in the Perimeter West TIF Fund the amount of $36,775.70. Of the total, $2,794.33 is to be appropriated to account 431-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments and $33,981.37 to account 431-0314-810-2790 to transfer funds to the General Fund for reimbursement of fees. RECORD OF ORDINANCES Dayton Legal Blank, Inc. Form No. 30043 Ordinance No. 71-06 Passed Pa~'e 2 Section 10. There be appropriated from the unappropriated balance in the Upper Metro Place TIF Fund the amount of $265,046.61. Of the total, $1,936.33 is to be appropriated to account 432-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments and $263,110.28 is to be appropriated to account 432-0221- 710-2302 for the reimbursement payment to Capitol Square Ltd. in accordance with the executed TIF agreement. Section 11. There be appropriated from the unappropriated balance in the Rings/Frantz TIF Fund the amount of $3,115.88 to account 433-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments. Section 12. There be appropriated from the unappropriated balance in the Historic Dublin Parking TIF Fund the amount of $4,116.08. Of the total, $45.59 is to be appropriated to account 436-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments and $4,070.49 to account 436-0314-810-2790 to transfer funds to the General Fund for reimbursement of fees. Section 13. There be appropriated from the unappropriated balance in the Emerald Parkway Phase 5 TIF Fund the amount of $23,250.00 to account 440-0314-780-2349 for design fees and professional services related to the Emerald Parkway Phase SB project. Section 14. There be appropriated from the unappropriated balance in the Perimeter Loop TIF Fund the amount of $6,685.14. Of the total, $224.14 is to be appropriated to account 442-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments and $6,461.00 to account 442-0314-810-2790 to transfer funds to the General Fund for reimbursement of fees. Section 15. There be appropriated from the unappropriated balance in the Shamrock Boulevard TIF Fund the amount of $11,181.95. Of the total, $141.40 is to be appropriated to account 444-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments, $6,699.50 to account 444-0314-780-2349 for services related to the acquisition of right-of--way related to Shamrock Boulevard extension project and $4,341.05 to account 444-0314-810-2790 to transfer funds to the General Fund for reimbursement of fees. Section 16. There be appropriated from the unappropriated balance in the Lifetime Fitness TIF Fund the amount of $186,000.00 to account 447-0314-780-2349 for design fees related to the Sawmill Road/Hard Road intersection improvement project. Section 17. There be appropriated from the unappropriated balance in the Central Ohio Innovation Center Improvement Fund in the amount of $4,232,638.12. Of the total, $4,229,708.29 is to be appropriated to account 448-0314-780-2349 for the design of the US 33/SR 161/Post Road interchange and other area roadway improvements and $2,929.83 to account 448-0314-780-2510 for closing costs related to the acquisition of right-of--way. Section 18. There be appropriated from the unappropriated balance in the Irelan Place TIF fund the amount of $43,879.62. Of the total, $36.48 is to be appropriated to account 449-0221-710-2301 for fees charged by Franklin County to collect and distribute service payments, $40,000.00 to account 449-0221-710-2302 for payment to Kinetics in accordance with the TIF agreement and $3,843.14 to account 449-0314-810-2790 to transfer funds to the General Fund for reimbursement of fees. Section 19. There be appropriated from the unappropriated balance in the Shier Rings Road TIF the amount of $4,411.30. Of the total, $70.25 is to be appropriated to account 450-0221-710-2301 for fees charged by Franklin County to collect and distribute service RECORD OF ORDINANCES Dayton Legal Blank, Inc. Form No. 30043 Ordinance No. 71-06 Passed Pale 3 payments and $4,341.05 to account 450-0314-810-2790 to transfer funds to the General Fund for reimbursement of fees. Section 20. The public hearing be waived to provide immediate funding authorization for these accounts. Section 21. This Ordinance shall take effect and be in force in accordance with Section 4.04(a) of the Dublin City Charter. Passed this (~ *~1 day of ~0 U ro h't,b Cr2006. Mayor -Presiding Officer ATTEST: Clerk of Council I hereby certify that copies of this Ordinance/Resolution were posted in the City of Dublin in accordance with Section 731.25 of the Ohio Revised Code. D~ty Clerk of Council, Dublin, Ohio Memorandum Ordinance No. 71-06 Page Two RECOMMENDATION: Staff is recommending the second reading be waived and that Ordinance No. 71-06 be passed at the November 6, 2006 City Council meeting. CITY OF DLBLIN City Manager 5200 Emerald Parkway • Dublin, OH 43017 Phone: 614-410-4400 • Fax: 614-410-4490 To: Members of Dublin City Council From: Jane S. Brautigam, City Manage~c~.,,,,~ S. (~ Date: October 30, 2006 Initiated By: Marsha I. Grigsby, Director of Finance Memo Re: Ordinance No. 71-06, An Ordinance Amending The Annual Appropriation Ordinance SUMMARY: Ordinance No. 71-06 provides additional funding authorization for various Capital Project Funds. Except for Sections 1 and 17, the requests are for the City's various Tax Increment Financing (TIF) Funds. Section 1 provides funding authorization in the Parkland Acquisition Fund for County Auditor and County Treasurer fees deducted from the City's real estate and personal property tax distributions. The fees are required to be recorded as expenditures and as a result require that funding be appropriated. The amount originally appropriated for these fees was underestimated. Section 17 provides funding authorization in the Central Ohio Innovation Center (COIC) Improvement Fund for costs related to the roadway improvements authorized by City Council in the Capital Improvements Program. The City has been utilizing the services of Burgess & Niple to master plan and design the needed public infrastructure improvements that will serve the COIC. Appraisal services have also been utilized for land acquisition needs related to the project. The additional authorization needed for right-of--way acquisition relates to the land acquired from the estate of Warren Gorden. The funding has been advanced from the General Fund and will be repaid when debt is issued in the future. We anticipate issuing short-term notes in 2007 with long-term debt being issued when the costs are better defined. For each TIF Fund in which service payments were received in 2006 fees were deducted by the Franklin County Auditor for the costs associated with the collection and distribution of service payments. As stated in Section 1, the fees are required to be recorded as expenditures and as a result require that funding be appropriated. In addition to the appropriations for the fees deducted as part of the City's distribution of service payments, appropriation requests are included for payments made in accordance with TIF agreements (i.e. Section 4), transfers to the General Fund for reimbursement of legal fees associated with the establishment of TIF districts, and project related expenditures. Before year-end, an appropriation request related to the Tartan West TIF will be prepared. We are working with the developer to finalize various project elements before the end of this construction season. At that time, we will provide an overall update of the TIF related projects.