HomeMy WebLinkAbout115-00 Ordinance RECORD OF ORDINANCES
Dayt Legal Blanlc Co Form No. 30043
115-00
Ordinance No Passed
An Ordinance Amending The Annual Appropriations Ordinance For The
Fiscal Year Ending December 31, 2000
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 funding in certain budget accounts.
NOW, THEREFORE, B 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 $571,800. Of the total, $50,000 is to be appropriated to
account 101-0312-720-2346 for engineering inspection services; $146,800 is to be
appropriated to account 101-0120-710-2822 for an economic development
incentive commitment made to Nationwide Mutual Insurance Company; and
$375,000 is to be appropriated to account 101-0230-810-2716 for the purpose of
transferring funds to the Employee Benefits Self-Insurance Fund.
Section 2. There be advanced from the Capital Improvements Tax Fund the
amount of $3,073,638 to the Rings/Frantz TIF Fund for construction costs related
to the Rings Road/I-270 overpass widening project. This advance will be
reimbursed from future service payments generated from the commercial
development within the Rings/Frantz TIF district.
Section 3. There be appropriated from the unappropriated balance in the
Rings/Frantz TIF Fund the amount of $3,073,638 to account 433-0314-780-2551
for construction costs related to the Rings road/I-270 overpass widening project.
Section 4. There be appropriated from the unappropriated balance in the
Employee Benefits Self-Insurance fund the amount of $375,000 to account 701-
0111-710-2361 for claims for medical, dental and vision coverage provided to
employees.
Section 5. The public hearing be waived to provide immediate funding for the
above-referenced account to provide adequate funding authorization.
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 ~_,~n ~~-h^. b -r_~, 2000.
.f"°"'
Mayor -Presiding Officer
ATTEST:
. Clerk of Council I hereby cert'rfy that codes of ti~is OrdinancelResolution were osted ii
City of Dublin in accordance with Section 731.25 of the Otiro R vised G
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(~1,0 , tl .r< of Council, Dublin. Ohio
Office of the City Manager
5200 Emerald Parkway, Dublin, Ohio 43017-1006
Phone: 614-761-6500 ,Fax: 614-889-0740
CITY OF DUBLIN M e m o
To: Members of Dublin City Council
From: Timothy C. Hansley, City Manager
Subject: Ordinance No. 115-00, An Ordinance Amending The Annual Appropriations Ordinance
Date: September 14, 2000
Initiated by: Marsha I. Grigsby, Director of Finance 'MOA-
As stated in the Ordinance, this request for additional appropriations provides funding authorization
for the following:
Section 1.
The additional request for engineering inspection provides funding for the inspection of construction
materials, engineering testing services and contractual inspection services. The increase in funding
is the result of the level of projects, both public and private, that are being completed in the City.
The request for the Nationwide economic development incentive provides funding for the City's
commitment to extend and make available the DubLink network between the Nationwide facilities,
the existing and the additional facilities. The amount is based on the standard capacity leasing and
service fees.
The request for funds to transfer from the General Fund to the Employee Benefits Self-Insurance
Fund is needed due to the high level of claims the City has experienced during the year. We
originally budgeted $1,800,000 for claims and based on current projections, we are estimating that
we will expend $2,175,000. As part of the 2001 Operating Budget process, we are evaluating the
level of "premiums" that we will need to change next year to offset the need to make future transfers.
Sections 2 and 3.
As noted, these two Sections relate to the Rings Road/I-270 overpass-widening project. The funds
for this project were originally budgeted in the Capital Improvements Tax Fund. As a result of the
Economic Development Agreement with Nationwide and the Tax Increment Financing (TIF)
Agreement with Duke-Weeks, we will advance the funds from the Capital Improvements Tax Fund
to the IZirlgs/Frantz TIF Fund and expend the money from the IZirlgs/Frantz TIF Fund. Over the next
30 years, the advance maybe repaid from service payments generated from the TIF district. The
overpass widening project and the Tuttle Crossing extension project were the two significant public
infrastructure projects identified in the TIF agreement.
Section 4.
This Section appropriates the funds transferred from the General Fund identified in Section 1.
Should you have any questions, please contact Marsha.
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