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36-99 Ordinance RECORD OF ORDINANCES Dayton Legal Blank Co. Form No. 30043 36-99 Ordinance No---------------------- Passed--------------------------------------------------19-------- An Ordinance Amending The Annual Appropriations Ordinance For The Fiscal Year Ending December 31, 1999 WHEREAS, Section 5705.40 of the Ohio Revised Code allows for supplemental appropriations to be made to an appropriations measure provided sufficient resources are available; and WHEREAS, the Ohio Revised Code requires, when necessary, amendments to the annual appropriations measure to be made in order that appropriations are not over expended; and WHEREAS, it is necessary to amend the annual appropriations measure to provide adequate funding in various budget accounts. NOW, THEREFORE, CBE 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 $60,000, to account 101-0230-810-2726 for the purpose of transferring funds to the Public Works Commission Fund. Section 2. There be appropriated from the unappropriated balance in the General Debt Service Fund the amount of $7,600 to account 310-0210-790-2601 for the purpose of paying final issuance costs associated with the November 1998 bond issue. Section 3. There be appropriated from the unappropriated balance in the Parkland Acquisition Fund the amount of $230,000 to account 402-0210-780-2510 to pay a portion of the acquisition costs related to the 1.329 tract of land located east of Shawan Falls Drive. Section 4. There be appropriated from the unappropriated balance in the Public Works Commission Fund the amount of $60,000 to account 422-0314-780-2551 to finalize and close-out the Coffinan Road widening construction contract. Section 5. The public hearing be waived to provide immediate funding for the above accounts in order that appropriations are not over expended. 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 day of , 1999 Mayor -Presiding Officer l hereby certify that copies of this Ordinance/Resotution were post d in the a..• ATTEST: City of D~btin in accordance with Section 731.25 of the Ohio Revise Code. alrl~Pf~ (Otlpfti, D~bl.n. Ohio l/ ~ Clerk of Council Division of Accounting & Auditing 5200 Emerald Parkway • Dublin, Ohio 43017-1006 CITY OF DUBLIN Phone: 614-761-6500 • Fax: 614-889-0740 Memo To: Members of Dublin City Council From: Timothy C. Hansley, City Manager Date: April 1, 1999 Re: Ordinance No. 36-99, An Ordinance Amending The Annual Appropriations Initiated by: Marsha I. Grigsby, Director of Finance This Ordinance requests supplemental appropriations for the following reasons: Sections 1 and 4 -during the process of closing out the construction contract for the Coffinan Road widening project adjustments for final quantities actually used were identified and confirmed. The additional appropriations are the result of increased quantities for asphalt concrete. Section 2 -various issuance costs were incurred in conjunction with the November bond issue. Estimates were made and the amount of the issues were increased to pay the estimated issuance costs. The final accounting was recently completed by the City's underwriters and our issuance costs were under estimated by the amount of this appropriation request. Section 3 - as discussed by the Director of Law at the March 15 City Council meeting, additional funds are needed "up-front" for the acquisition of the Biscar property. The $230,000 requested reflects the amount due upon closing and any related closing costs. As the reimbursement payments are made by Washington Township to the City, they will be credited to the Parkland Acquisition Fund. Please let us know if you have any questions or need any additional information. G: \PER\DKP\99\ 132-9-mg.doc