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HomeMy WebLinkAbout113-92 Ordinance " RECORD OF ORDINANCES ... Dayton Legal Blank Co, Form No. 30043 Ordinance No.JJ.3~.9.2m.m. Passed. .-- --------------------- _19._ . AN ORDINANCE AMENDING THE ANNUAL APPROPRIATIONS ORDINANCE FOR THE FISCAL YEAR ENDING DECEMBER 31. 1992. ,... AND DECLARING AN EME;RGENCY , L WHEREAS. the Ohio Revise 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 appropriate additional funds to retire the short-term notes that mature on October 14; and WHEREAS, it is necessary to appropriate additional funds for capital improvement projects and projects funded through the hotel/motel tax. NOW. THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, Ohio, State of Ohio 7 of the elected members concurring: SECTION 1. That there be appropriated from the unappropriated balance in the General Fund the amount of $704,853.58 to account 01-02-15-2714 for the purpose of transferring funds to the Debt Service Fund. SECTION 2. That there be appropriated from the unappropriated balance in the Debt Service Fund the amount of $7,089,853.58 to the'following accounts: $2,595,000 to account 30-02-10-2612, $43,984.80 to account 30-02-10-2622, $4,400,000 to ,.... account 30-02-10-2613 and $50,868.78 to account 30-02-10-2623 for the purpose , I of retiring the notes that mature on October 14, 1992. - SECTION 3. That there be appropriated from the unappropriated balance in the General Fund the amount of $375,000 to account 01-02-15-2721 for the purpose of paying design costs for the State Route 161 (Dale to Sawmill) project. SECTION 4. That there be appropriated from the unappropriated balance in the General Fund the amount of $210,000 to account 01-02-15-2718 for the purpose of transferring funds to the Justice Center Construction Fund. SECTION 5. That there be appropriated from the unappropriated balance in the Justice Center Construction Fund the amount of $210,000 to account 47-03-14-2520 for the purpose of acquiring and installing the electronic system for the building. SECTION 6. That there be appropriated from the unappropriated balance in the Hotel/Motel Tax Fund the amount of $30,801 to account 17-01-13-2814 for previously approved city-sponsored projects. SECTION 7. That this ordinance be, and the same hereby is, declared to be an emergency measure for the preservation of public peace, health or welfare of the residents of this City, and therefore this ordinance shall take effect and be in force immediately upon its passage. .--. ~ Passed this ;< j-;--i, day of ~ ' 1992. ,.. ,/ ATTEST: ~~~ . !,. : f tf..:( Or~:",m(elhs"llItiGn were posted in Clerk of Council I h,,'pbv ,,:,1+. ~.m fo"es 0 " ' . "sed Code ..' . . 731 25 f the OhiO Revl City of Oubt:n :;1 rWl)rdoi1ce with Sed:on . 0 ' (}/1/7/YlA a (up A -< ~ ~ (Ierk of Council, Dubltn, OblO "'i;i ','A"iII..flOl, [,.L L , ~ _ , ,IlI,~ ~~,~iIf"H'"~"'~,,,..,~';O';i"1"'!I'~--.......~_.,,.-~,.+~,,'i,,r- ,'~,"',tl'>"'_ ~.,<jr'i""'''~''''''''~ . .... MEMORANDUM TO: All City Council Members --- FROM: Timothy C. Hansley, City Manager . '- SUBJECT: Amendments to Annual Appropriations Ordinance DATE: September 24, 1992 INITIATED BY: Marsha I. Grigsby, Director of Finance Ordinance 113-92 is needed to appropriate funds for expenditures relating to short-term notes that mature on October 14, 1992, capital improvement projects and approved hotel/motel applications for City sponsored projects. Sections 1 and 2 appropriate funds to retire the principal and interest for the notes maturing October 14. The appropriation in the General Fund is for the interest due on all the notes ($94,853.58) and the principal for the S.R. 161 project ($150,000), the design for the Justice Center ($300,000) and the City's share of the Dublin Village Center street lighting project ($160,000). The appropriations in the Debt Service Fund is for principal and interest due on all the notes. In addition to the above information, the $4,100,000 Justice Center Construction notes and $165,000 of the Dublin Village Center street lighting project will be retired with the proceeds from our October 8 bond issue and the $2,120,000 Muirfield Drive notes will be retired with the proceeds from the ;~."' notes that will be issued on October 13, 1992. - Section 3 appropriates funds to transfer from the General Fund to the Transportation Improvement Fund for the design of the S.R. 161 (Dale to Sawmill) project. Previously, funds were advanced with the intent of being repaid from the issuance of future debt. It has been determined that sufficient reserves are available in the General Fund to make a permanent transfer to the Transportation Improvement Fund to pay for the design of the project. Sections 4 and 5 appropriate funds for the electronic system to be installed in the Justice Center. Reserves in the General Fund will be used instead of issuing additional debt. Section 6 appropriates funds for the two $10,000 applications submitted by the Division of Planning. The projects were for the window boxes on S.R. 161 bridge and for the Bridge Street landscaping. The additional $10,801 is for the Scioto Park landscaping project approved in 1991. At December 31, 1991, the project was not complete and $10,801 remaining from the approved application had not been encumbered. The amount should have been included in the Annual Appropriations Ordinance; however, it was. omitted. /~,$,4"'~