HomeMy WebLinkAboutOrdinance 05-12RECORD OF ORDINANCES
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Ordinance No.
05 -12
Passed 20
AN ORDINANCE AMENDING THE ANNUAL
APPROPRATIONS ORDINANCE FOR THE FISCAL YEAR
ENDING DECEMBER 31, 2012
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 funds to authorize those funds for project- related
expenditures.
NOW, TfFORE, 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 $250,587 to account 101- 1620 - 740 -2421 for the purpose of
reforestation.
Section 2. There be appropriated from the unappropriated balance in the
Hotel /Motel Tax Fund the amount of $80,000 to account 217 - 1110 - 740 -2812 for
costs related to maintenance and restoration of the public art owned by the City.
Section 3 . There be appropriated from the unappropriated balance in the Woerner-
Temple TIF Fund the amount of $446,100 to account 412 - 0314 - 810 -2790 to transfer
funds to the General Obligation Debt Service Fund for the 2012 debt service
obligations on the debt issued for the Woerner- Temple Road project.
Section 4 . There be appropriated from the unappropriated balance in the
Thomas /Kohler TIF Fund the amount of $157,400 to account 419 - 0314 - 810 -2790 to
transfer funds to the General Obligation Debt Service Fund for the 2012 debt service
obligations on the debt issued for the Emerald Parkway Phase 7A (Shier Rings to
Innovation) project.
Section 5 . There be appropriated from the unappropriated balance in the McKitrick
TIF Fund the amount of $650,540 to account 421 - 0314 - 810 -2790 to transfer funds
to the General Obligation Debt Service Fund for the 2012 debt service obligations
due on the debt issued for Emerald Parkway Phase 2.
Section 6. There be appropriated from the unappropriated balance in the Rings
Road TIF Fund the amount of $272,850 to account 426 - 0314 - 810 -2790 to transfer
funds to the General Obligation Debt Service Fund for the 2012 debt service
obligations on the debt issued for the Rings Road widening project.
Section 7 . There be appropriated from the unappropriated balance in the Perimeter
West TIF Fund the amount of $974,600 to account 431 - 0314 - 810 -2790 to transfer
funds to the General Obligation Debt Service Fund for the 2012 debt service
obligations on the debt issued for the Perimeter Drive extension (Avery- M ui rfield to
Post) project and for the debt issued for the Industrial Parkway /State Route 161
improvements.
Section 8. The public hearing be waived to provide immediate funding
authorization for these projects and programs.
RECORD OF ORDINANCES
Damon Le2.l Blank, Inc.
— — — -- 05 -12
Ordinance No.
Passed
Page 2 of 2
form No. 30043
20
Section 9 . This ordinance shall take effect and be in force in accordance with
Section 4.04(a) of the Revised Charter.
Passed thisday of lr 2012
ATTEST:
Clerk of Council
Office of the City Manager
City of Dublin Phone: 614 - 410.4400- Fax:b614 --410 -4490 1090
Memo
To: Members of Dublin City Council
From: Marsha I. Grigsby, City Manager Qn�
Date: January 19, 2012
Initiated By: Angel L. Mumma, Deputy City Manager /Director of Finance and Administration
Bryan K. Thurman, Deputy Director of Finance
Re: Ordinance No. 05 -12- Amending the Annual Appropriations
Ordinance for The Fiscal Year Ending December 31, 2012
Summary
Each year an ordinance is prepared appropriating funding in various capital project funds and the
unencumbered funds from tree replacement fees. Ordinance No. 05 -12 provides for these
appropriations.
Section 1 appropriates available tree replacement fees as of December 31, 2011. The funds are
generated from payments in lieu of tree replacement and will be used to plant trees on public
property.
Section 2 appropriates funding for the annual on -going maintenance and restoration of the public
art owned by the City. This artwork is in need of routine maintenance, occasional repairs and, in
some cases, full restoration to prolong the life of the artwork. This funding was programmed as
part of the 2012 — 2016 Capital Improvements Program (CIP).
Sections 3 through 7 appropriate funding for the Tax Increment Financing (TIF) Funds identified.
The requests relate to the debt service obligations due on debt issued for the identified projects.
Additional appropriations may be requested throughout the year as public infrastructure
improvements identified in the TIF agreements are initiated.
Recommendation
Staff recommends that Council dispense with the second reading /public hearing and adopt
Ordinance No. 05 -12 at the January 23, 2012 City Council meeting.