007-96 Ordinance
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RECORD OF ORDINANCES
Dayton Legal Blank Co. Form No. 30043
Ordinance No. - ---~-------_..- - P assed_n__u_ ___ n__n__ _ m____ _moo mmm__19 _n" __
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AN ORDINANCE TO AUTHORIZE THE ESTABLISHMENT OF THE
LAND ACQmSmON FUND
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WHEREAS, City Council, through its goal setting process, has adopted various
.... goals for the community, and
WHEREAS, Goal No. 95-1 states that the City will continue to acquire land to
accomplish community development objectives, and
WHEREAS, Goal No, 95-5 states that the City will develop and adopt a strategy to
ensure the preservation of open space, park, and historic resources, and
WHEREAS, City Council has determined that they will appropriate funds on an
annual basis in Capital Improvements Tax Fund for the purchase of land to meet their
established goals, and
WHEREAS, it is City Council's desire to establish a Land Acquisition Fund, whereby
the funds appropriated for the purchase ofland in the Capital Improvements Tax Fund
will be subsequently transferred to the Land Acquisition Fund to reserve those funds
for their intended purposes, and
WHEREAS, the Land Acquisition fund can also be used for the purchase of less than
..... a fee simple interest to obtain open space, scenic or historical easements.
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 established the Land Acquisition Fund, a Capital Projects
Fund.
Section 2. That the funds appropriated in the Capital Improvements Tax Fund for
land acquisition be transferred and credited to the Land Acquisition Fund.
Section 3. That the Land Acquisition Fund be used for the purchase of land as
authorized by City Council, including the purchase of less than a fee simple interest
to obtain open space, scenic or historical easements.
Section 4. That this Ordinance shall take effect and be in force from and after the
earliest period allowed by law.
Passed this ~ o-rt.. day o~ ' 1996
-... @:/~
- Mayor - Presiding Officer
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ATTEST: ~,~
-----C!~:rk c:f .' IlJbHn, Oh~o
~- C!-,(1A-.u~
Clerk of Council
012:96
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6665 Coffman Road
Dublin OH43017 PURCHASE ORDER
614.761.6500
95/003227
CITY OF DUBLIN
Date: 11/02/95
Ihis is a confirmation: 0
Ihis is an order: 0
VENDOR ADDRESS: DELIVERY ADDRESS:
CITY OF DUBLIN DEPT, OF FINANCE
..iJ565 COFFMAN ROAD 006665 COFFMAN RD
,
:JBLIN OH 43017 DUBLIN, OHI 43017
tb,- ',;I 02930
Vendor Number:
Item No. Description I Account Number Quan. Unit Amount Iotal
1 P.O, PROCESSED AS A 1,000 500,000.00 500,000.
MECHANISM TO RESERVE FUNDS BUDGETED I 1995 FO t
LAND ACQUISITION, THE CITY'S 5-YR, CI SHOWS A ~
ALLOCATION OF $500000.00/YEAR THRU YE~ R 2000.
40-03-14-2571 500,000.00
.
pM
I
.!IOill
TOTAL: $500,000.0
CONDITIONS OF PURCHASE
Approved for issue
CERTIFICATE OF THE FINANCE DIRECTOR ~ ~/~
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It is hereby certified that the amount required to meet the contract, agreement,
obligation, payment or expenditure for the above, has been lawfully appropriated Manager
or authorized or directed for such purpose and is in the Treasury or in process of ~~ ~~ ~mance Director
collection to the credit of the appropriate Fund free from any obligation or
certification now outstanding.
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I N T E R
MEMO
0 F F I C E
~ To: Members of Dublin City Council
I From: Timothy C. Hansley, City Manager
I Subject: Legislation To Establish A Land Acquisition Fund
~<Ijj
Date: January 17, 1996
Initiated By: Marsha I. Grigsby, Director of Finance
As requested by City Council, the attached legislation authorizes the establishment of the Land
Acquisition Fund.
The purpose of the Land Acquisition Fund is to allocate and reserve funds for the purchase of land,
including the purchase of scenic or historical easements. This fund is in addition to the Parkland
Acquisition Fund which can only be used for the purpose of acquiring recreational sites, open space
and/or parkland. The primary funding source for the Land Acquisition Fund will be transfers from
the Capital Improvements Tax Fund. At City Council's discretion, funds could also be transferred
from the General Fund.
In 1995 $500,000 was appropriated in the Capital Improvements Tax Fund for land acquisition.
Those funds were not spent. However, a purchase order was processed utilizing the City of Dublin
as the vendor as a mechanism to reserve those funds. The $500,000 will be shown on the City's
""'"'- December 31, 1995 balance sheet as a "reserve for future land purchases".
As a result of establishing the Land Acquisition Fund, the $500,000 encumbered in 1995 and the
- additional $500,000 appropriated in 1996 will be transferred from the Capital Improvements Tax
Fund to the Land Acquisition Fund when the legislation becomes effective.
As City Council is aware, a $500,000 allocation through the year 2000 has been identified for land
acquisition in the 1996-2000 Five-Year Capital Improvements Program. As those funds are
appropriated in the Capital Improvements Tax Fund, the amount appropriated will be transferred to
the Land Acquisition Fund.
As of January 1, 1996 there is $1,000,000 available for the purchase of land and an additional
$473,637 available in the Parkland Acquisition Fund.
018:96
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