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005-01 OrdinanceRECORD OF ORDINANCES Dayt^^ Legal Blank Co Form No. 30043 05-01 Ordinance No .................................................................. Passed .................................................................., ....................... An Ordinance Amending The Annual Appropriations Ordinance For The Fiscal Year Ending December 31, 2001 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, BE T 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 Parkland Acquisition Fund the amount of $3,100,000 to account 402-0210-780- 2510 for the purpose of acquiring land to expand Coffman Park. Section 2. There be advanced from the General Fund the amount of $82,500 to the Rings Road TIF Fund for the Rings Road improvements project. This advance is to be reimbursed to the General Fund from future service payments. Section 3. There be appropriated from the unappropriated balance in the Rings Road TIF Fund the amount of $210,016.34 to account 426-0314-780-2550 for the purpose of making final payment on the construction contract for the Rings Road improvements project. Section 4. The public hearing be waived to provide immediate funding for the projects. Section 5. This Ordinance shall take effect and be in force in accordance with Section 4.04 (a) of the Dublin City Charter. Passed this N ~-- day of , 2001. Mayor -Presiding Officer ATTEST: ~~ Clerk of Council I hereby certify that Conies of this OrdinancelResolution were poster! in t-~. P:\PER\PRINDK\2000\111-000-ORD.doc City of Dublin in accordance with Section 731.25 of thQ Ohia ~eviserl Cone. ~-tee(.. e k of Council, Dublin. Ohin Office of the City Manager 5200 Emerald Parkway, Dublin, Ohio 43017-1006 Phone: 614-761-6500 ,Fax: 614-889-0740 Memo CITY OF DUBLIN To: Members of Dublin City Council From: Timothy C. Hansley, City Manager Subject: Ordinance No. OS-O1, An Ordinance Amending The nnual Appropriations Date: December 28, 2000 Initiated by: Marsha I. Grigsby, Director of Finance `cr~-- As noted in Ordinance No. OS-O1, the requests for additional appropriations relate to two capital Improvement projects. Section 1 appropriates the proceeds from the bonds issued for the acquisition of land to expand Coffman Park. This land will also be the site for the future City Hall. Ordinance No. 131-00, adopted November 6, 2000 authorized the acquisition of the property. The real estate closing is scheduled for January 11, 2001. Sections 2 and 3 provide the funding and the spending authority to make final payment for the Rings Road improvements construction contract. The amount of the final payment had been disputed and agreement was reached in late December. We are asking that the public hearing be waived in order to close on the property and make the final construction contract payment in accordance with the applicable agreements. If you have any questions, please do not hesitate to contact Marsha. P:\PER\PRINDK\2000\111-ORD OS-O1 MEMO.doc