Loading...
Ordinance 05-12RECORD OF ORDINANCES rda ,w.3004a 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.