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Home My WebLink About03-07 OrdinanceRECORD OF ORDINANCES Dayton Legal Blank, Inc. Form No. 30043 Ordinance No. 03 -07 Passed . 20. AMENDING THE ANNUAL APPROPRIATIONS ORDINANCE FOR THE FISCAL YEAR ENDING DECEMBER 31, 2007 I [l 1 WHEREAS, the Ohio Revised Code requires that, 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 proj ect- 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, 7 of the elected members concurring that: Section 1 . There be appropriated from the unappropriated balance in the General Fund the amount of $12,734 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 Community Center Construction Fund the amount of $181,462.75 to account 411- 0314- 780 -2530 for heating, air conditioning and ventilation system improvements at the Dublin Community Recreation Center. Section 3 . There be appropriated from the unappropriated balance in the Thomas/Kohler TIF Fund the amount of $164,000 to account 419 -0314- 810 -2790 to transfer funds to the General Obligation Debt Service Fund for the 2007 debt service obligations on the debt issued for the Emerald Parkway Phase 7A (Shier Rings to Innovation) project. Section 4 . There be appropriated from the unappropriated balance in the McKitrick TIF Fund the amount of $1,648,350 to account 421 - 0314 - 810 -2790. Of the total, $886,350 will be transferred to the General Obligation Debt Service Fund for the 2007 debt service obligations due on the debt issued for Emerald Parkway Phase 1 and 2, $162,000 to transfer funds to the Emerald Parkway Phase 5 TIF Fund to reimburse the City for costs related to the construction of the roadway, and $600,000 to transfer to Emerald Parkway Phase 8 TIF for design of Emerald Parkway from Riverside Drive to the terminus of Emerald Parkway Phase 5B. Section 5 . There be appropriated from the unappropriated balance in the Rings Road TIF Fund the amount of $290,675 to account 426 - 0314- 810 -2790 to transfer funds to the General Obligation Debt Service Fund for the 2007 debt service obligations on the debt issued for the Rings Road widening project. Section 6 . There be appropriated from the unappropriated balance in the Perimeter West TIF Fund the amount of $322,800 to account 431 - 0314 - 810 -2790 to transfer funds to the General Obligation Debt Service Fund for the 2007 debt service obligations on the debt issued for the Perimeter Drive extension (Avery - Muirfield to Post) project. Section 7 . There be appropriated from the unappropriated balance in the Rings /Frantz TIF Fund the amount of $500,000 to account 433 -0314- 780 -2349 for design of Tuttle Crossing Boulevard extension from Wilcox Road to Avery Road. RECORD OF ORDINANCES Dayton Legal Blank, Inc. Form No. 30043 Ordinance No. 03 -07 Passed Page 2 20 Section 8 . There be appropriated from the unappropriated balance in the Swimming Pool Construction Fund the amount of $48,426.25 to account 438 -0314- 810 -2790 to transfer remaining funds to the General Obligation Debt Service Fund and close the construction fund. Section 9 . There be appropriated from the unappropriated balance in the Tartan West TIF Fund the amount of $81,275.84 to account 443 - 0314 - 780 -2511 to finalize projects identified in the TIF legislation. Section 10 . There be appropriated from the unappropriated balance in the Ireland Place TIF Fund the amount of $37,940 to account 449 - 0221 -710 -2302 for payment to Kinetics in accordance with the executed TIF and EDA agreements. Section 11 . This ordinance shall take effect and be in force in accordance with Section 4.04(a) of the Dublin City Charter. Passed this day of Fe,6ruapl , 2007 Mayor - Presiding Officer ATTEST: 1 City Manager 5200 Emerald Parkway - Dublin, OH 43017 CITY OF DUBLIN Phone: 614 - 410 -4400 - Fax: 614 - 410 -4490 To: Members of Dublin City Council From: Jane S. Brautigam, City Manageki — c , ,,, 5, Q) Date: January 16, 2007 Initiated By: Marsha I. Grigsby, Deputy City Manager/Director of Finance Memo Re: Ordinance No. 03 -07 Amending the Annual Appropriations for Fiscal Year Ending December 31, 2007 Summary Each year an ordinance is prepared appropriating the unencumbered fund balances in various capital project funds and the unencumbered funds from tree replacement fees. Ordinance No. 03 -07 provides for these appropriations. Section 1 appropriates the available tree replacement fees as of December 31, 2006. The funds are generated from payments made in lieu of tree replacement and will be used to plant trees on public property. Section 2 appropriates the unencumbered balance remaining in the Community Center Construction Fund. The funds will be utilized to make improvements to heating, air conditioning and ventilation systems at the Dublin Community Recreation Center. This project has been programmed for 2007. Sections 3 through 7 and Sections 9 and 10 appropriate funds in various TIF Funds. The majority of the requests relate to the debt service obligations due on debt issued for the identified projects and additional projects programmed for 2007 as provided for in the 2007 – 2011 CIP. Section 8 provides for the remaining funds in the Swimming Pool Construction Fund to be transferred to the General Obligation Debt Service Fund and applied toward the 2007 debt service obligation due on the debt issued to construct the facility. Final work on modifying the water tap at the site will be finalized in 2007. Recommendation It is recommended that Ordinance No. 03 -07 be adopted at the second reading/public hearing scheduled for the February 5, 2007 City Council meeting.