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Home My WebLink About028-92 Ordinance AMENDED Jil:~' RECORD OF ORDINANCES Dayton Legal Blank Co. Fonn No. 30043 Ordinance No.~ 28-92 (Amended) Passed~ ~___~ ___ n n_____________~___~______~_~___19 ___ _ ---------------- AN ORDINANCE AMENDING THE ANNUAL APPROPRIATIONS ORDINANCE, ORDINANCE NO. 09-92, FOR FISCAL YEAR ENDING DECEMBER 31, 1992, AND DECLARING AN EMERGENCY -- if 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 appropriate additional funds to allow for unanticipated expenditures; and WHEREAS, it is necessary to appropriate additional funds for the initiation or continuation of certain capital improvement projects, NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Dublin, State of Ohio, 7 of the elected members concurring: Section 1. That there be appropriated from the unappropriated balance in the general Fund the sum of $49,000 to be distnbuted as follows: Department of Development 01-03-10 Director of Development r- Other Expenses $30,000 -- 01-03-11 Planning Other Expenses 2,000 01-03-13 Building Other Expenses 17,000 Section 2. That there be appropriated from the unappropriated balance in the Permissive Tax Fund the sum of $100,000 to account 16-02-15-2710 for the purpose of paying a portion of the costs associated with the State Route 161 (Franklin to Dale) capital improvements project. Section 3. That there be appropriated from the unappropriated balance in the State Route 161 Improvement Fund the sum of $100,000 to account 52-03-14-2510 for the acquisition of easements and right-of-ways. Section 4. That there be appropriated from the unappropriated balance in the Capital Improvements Tax Fund the sum of $100,000 to account 40-03-14-2530 for the purpose I"'" of planning and design costs for the Community Center; $600,000 to account 40-03-14- 2551 for the Wilcox Road construction project; and $700,000 to account 40-03-14-2730 ........ to advance funds to the Tuller Road Improvement Fund. The advance to the Tuller Road Improvement Fund is to be reimbursed from the proceeds of bonds or notes. Section S. That there be established the Tuller Road Improvement Fund and that there be appropriated from the unappropriated funds the sum of $600,000 to account 42-03-14- 2510 for the purpose of right-of-way acquisition and $100,000 to account 42-03-14-2551 for utility costs related to the project. "'''~,_.T ""~-~..,.lll_..-)$> _. =_J:!1 l<"_.,""''-''l''--''"'"'' -_-e-A"'~''''_''''''',;;c~::",.,",__,,_,~__''''lWiOO< ,~ ILI!L..J "",',"," , ~>~~'-~---------'., ~: Ii ~ RECORD OF ORDINANCES Dayton Legal Blank Co. Form No. 30043 --- Ordinance No. _______28-92 (Amended) Passed ____ __nnn___^_____ ____.n..__nn19nn..__ - Paee Two ,...... Section 6. That this ordinance be, and the same hereby is, declared to be an emergency ~ measure for the preselVation 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 &~ day of ~ ' 1992. /'1 p11' L. May . - Presiding Officer ATTEST: ~- {!.. f!/.L~../c Clerk of Council ,,- ........ I hereby ttrtify that copies of this Ord!nancelR!J&Mie" wert posted in the City of Dublin In accordolKe wilf1 Section 731.25 of the Ohio Revised Cede. ~a-~~ ClerIc of Council. Dublin, Ohio ,... ~ ! '-- "<~"!>l~_".'~"'''''''''''''~''''''',f._''''''~~~''-,;;'~,,,,,,,_ '_.r ~u .... .;;;l'.~'i'PI''''_,"'''''~''''''''''''' O-'""f+'."'''-<'"'''''''''''''''';''I-'''~"'"'''';'''''~'..'.',ltll!l p ..~ JlJj~ .' ~ .~.c - , MEMORANDUM TO: All Council Members FROM: Timothy C. Hansley, City Manager / ~ SUBJECT: Amendments to Annual Appropriations Ordinance - . DATE: March 27, 1992 .......... INITIATED BY: Marsha I. Grigsby, Finance Director Ordinance 28-92 is needed to appropriate funds for expenditures that were unanticipated at the time the annual appropriations ordinance was prepared, to initiate capital improvement projects and to continue with previously initiated capital improvement projects. Section 1 appropriates additional funds for unanticipated expenditures or increased expenditures. The amount requested for the Director of Development is to provide for professional engineering services. In the Division of Building Inspection and the Division of Planning the amount requested is for refunds. Section 2 appropriates additional funds to transfer money to the State Route 161 Improvement Fund. Permissive tax funds are to be used for the purpose of funding necessary road and bridge construction and maintenance. A reserve has accumulated and the use of these funds for the State Route 161 project would be appropriate. Section 3, refer to comments above. ,A't"'''''' Section 4 appropriates additional funds for planning and design costs related to the ....c~, Community Center in accordance with the Five Year Capital Improvements Program; for the design and construction costs related to the Wilcox Road project; and for acquisition of easements and right-of-way and utility costs related to the Tuller Road project. In regard to the Wilcox Road project, we need to appropriate funds for the total project costs; however, Franklin County has committed $300,000 for the project. Franklin County will release $150,000 to the City subsequent to the award of the construction contract and the remaining $150,000 at such time the City certifies the completion of the construction. The funds appropriated for the Tuller Road project will be advanced to the Tuller Road Improvement Fund for related project costs. The Capital Improvements Tax Fund will be reimbursed at such time that notes or bonds are issued. Section 5, refer to comments above. /""'- ",._~~,~"=~~=~~~~- __e_.__~'''''''' - . DECLARATION OF OFFICIAL INTENT For Reimbursement of Expenditures from Bonds/Notes This is a Declaration of Official Intent under Treasury Regulations Section 1.103-18. ..... 1. The City of Dublin (the City) declares that it reasonably expects that the capital expenditures described ~ in 2 will be reimbursed with the proceeds of bonds, notes, certificates, or obligations under a financing lease, installment purchase or loan agreement, representing a borrowing by the City in the maximum principal amount, for such reimbursements, of $700,000. 2. The capital expenditures to be reimbursed are for transportation capital improvements. The specific transportation project is the improvement of Tuller Road. 3. This Declaration of Official Intent is consistent with the budgetary and financial circumstances of the City of the date of this Declaration, in that no money (including the money advanced to make the expenditures that are to be reimbursed) is, or is reasonably expected to be, reserved, allocated on a long-term basis, or otherwise set aside by the City or any other entity, with respect to the expenditures described in 2. 4. Within 30 days from this date this Declaration of Official Intent shall be made available as a public record subject to inspection by the general public or at the main administrative office of the Issuer for reasonable public inspection during all normal business hours. The undersigned has been authorized by the City to make and sign this Declaration on behalf of the City. Date of Declaration: March 17, 1992 """'" """'" BY~~~..~~ (Signature) ~ Marsha I. Grigsby. Director of Finance (Name and Title) Caution: This Declaration of Official Intent will not be effective unless the notes, bonds or other obligations providing moneys for the reimbursement are issued and the reimbursement is made (by an allocation on the books and records identifying the expenditure as in 2 above) by the later of (a) one year after the date of payment of the expenditure or (b) one year after the date the property with respect to which the expenditure is made was placed in service. -^