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HomeMy WebLinkAbout11-09 OrdinanceRECORD OF ORDINANCES 11-09 Ordinance No. Passed AMENDING THE A\TNUAL APPROPRIATIONS ORDINANCE FOR THE FISCAL YEAR ENDING DECEMBER 31, 2009 20 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 ordinance to provide funding authorization in certain budget accounts; and WHEREAS, it is necessary to appropriate estimated resources identified in various capital project funds for project-related expenditures; and WHEREAS, at the beginning of each year it is necessary to appropriate unencumbered balances in various capital project funds to authorize those funds for project-related expenditures. 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 General Fund the amount of $209,657 to account 101-1620-740-2421 for the purpose of planting of trees on public property. Section 2. There be appropriated from the unappropriated balance in the Thomas/Kohler TIF Fund the amount of $483,245. Of the total, $317,745 is to be appropriated to account 419-0314-780-2349 for design fees related to the widening of Emerald Parkway from Rings Road to Tuttle Crossing Boulevard and for intersection improvements at Emerald Parkway and Innovation Drive, and $16S,S00 to account 419- 0314-810-2790 to transfer funds to the General Obligation Debt Service Fund for the 2009 debt service obligations on the debt issued for the Emerald Parkway Phase 7A (Shier Rings to Innovation) project. Section 3. There be appropriated from the unappropriated balance in the McKitrick TIF Fund the amount of S69S,8S0 to account 421-0314-810-2790 to transfer funds to the General Obligation Debt Service Fund for the 2009 debt service obligations due on the debt issued for Emerald Parkway Phase 2. Section 4. There be appropriated from the unappropriated balance in the Rings Road TIF Fund the amount of $286,400 to account 426-0314-810-2790 to transfer funds to the General Obligation Debt Service Fund for the 2009 debt service obligations on the debt issued for the Rings Road widening project. Section S. There be appropriated from the unappropriated balance in the Perimeter West TIF Fund the amount of $322,100 to account 431-0314-810-2790 to transfer funds to the General Obligation Debt Service Fund for the 2009 debt service obligations on the debt issued for the Perimeter Drive extension (Avery-Muirfield to Post Road) project. Section 6. 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 r , 2009 ~~ Mayor -Presiding Officer ATTEST: Clerk of Council CITY OF DUBLIN_ Office of the City Manager 5200 Emerald Parkway • Dublin, OH 43017 Phone: 614-410-4400 • Fax: 614-410-4490 To: Members of Dublin City Council From: Teary Foegler, City Manager -~~~~~ Date: March 12, 2009 ~' Initiated By: Bryan K. Thurman, Deputy Director of Finance Memo Re: Ordinance ?vo. 11-09, Amending the Annual Appropriations for Fiscal Year Ending December 31, 2009 Summary Each year an ordinance is prepared appropriating funding in various capital project funds and the unencumbered fiords from tree replacement fees. Ordinance No. 11-09 provides for these appropriations. Section 1 appropriates available tree replacement fees as of December 31, 2008. The funds are generated from pa}anents in lieu of tree replacement and will be used to plant trees on public property. The remaining sections appropriate funding for the Tax Increment Financing (TIF) Funds identified. The majority of the requests relate to the debt service obligations due on debt issued for the identified projects. Additional appropriations will be requested throughout the year as the various public infrastructure improvement projects identified in the TIF agreements are initiated. Section 2 provides additional appropriations for identified design fees related to the Emerald Parkway widening project from Rings Road to Tuttle Crossing Boulevard. In a cooperative effort with the City of Columbus, the City of Dublin will manage the construction of this project and Columbus will reimburse Dublin for their portion of the costs. Section 2 also provides additional appropriations for design fees related to the Emerald Parkway/ Innovation Drive project for the construction of a left hand turn lane and traffic signal. This project is necessitated by the Economic Development Agreement with IGS Energy. Recommendation It is recommended that Council dispense with the second reading/public hearing and adopt Ordinance No. 1 I-09 at the March 16, 2009 City Council meeting.