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File #:
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202501208
Version:
1
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Type:
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Ordinance
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Status:
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Pass Emergency
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On agenda:
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6/18/2025
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Final action:
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Title:
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ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 6/11/2025, PROVIDING for the transfer and appropriation for the current expenses and other expenditures of the Restricted Revenue Funds of the City in the total amount of $453,841,300 for operating requirements, capital outlay, and debt service for the fiscal year beginning July 1, 2025, and ending June 30, 2026, as specified by this Ordinance and according to the attached Schedules of Appropriation; AUTHORIZING the transfer of $12,050 from the unappropriated surplus of the Convention Center Fund to the unappropriated surplus of the Bond Retirement Fund to pay the City's FY 2026 General Fund debt service obligations related to bonds issued to fund Public Building Improvement Bonds for energy improvements; AUTHORIZING the transfer of $820 from the unappropriated surplus of the General Aviation Fund to the unappropriated surplus of the Bond Retirement Fund to pay the City's FY 2026 General Fund debt service obligation...
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title
ORDINANCE (EMERGENCY) submitted by Sheryl M. M. Long, City Manager, on 6/11/2025, PROVIDING for the transfer and appropriation for the current expenses and other expenditures of the Restricted Revenue Funds of the City in the total amount of $453,841,300 for operating requirements, capital outlay, and debt service for the fiscal year beginning July 1, 2025, and ending June 30, 2026, as specified by this Ordinance and according to the attached Schedules of Appropriation; AUTHORIZING the transfer of $12,050 from the unappropriated surplus of the Convention Center Fund to the unappropriated surplus of the Bond Retirement Fund to pay the City’s FY 2026 General Fund debt service obligations related to bonds issued to fund Public Building Improvement Bonds for energy improvements; AUTHORIZING the transfer of $820 from the unappropriated surplus of the General Aviation Fund to the unappropriated surplus of the Bond Retirement Fund to pay the City’s FY 2026 General Fund debt service obligations related to bonds issued to fund Public Building Improvement Bonds for energy improvements; AUTHORIZING the transfer of $107,250 from the unappropriated surplus of the Street Construction, Maintenance, and Repair Fund to the unappropriated surplus of the Bond Retirement Fund to pay the City’s FY 2026 General Fund debt service obligations related to bonds issued to fund Public Building Improvement Bonds for energy improvements in the amount of $59,770 and the Early Retirement Incentive Program (“ERIP”) in the amount of $47,480; AUTHORIZING the transfer of $768,790 from the unappropriated surplus of the Income Tax-Infrastructure Fund to the unappropriated surplus of the Bond Retirement Fund to pay the City’s FY 2026 General Fund debt service obligations related to bonds issued to fund Public Building Improvement Bonds for energy improvements in the amount of $580,970 and the ERIP in the amount of $187,820; AUTHORIZING the transfer of $38,390 from the unappropriated surplus of the Municipal Motor Vehicle License Tax Fund to the unappropriated surplus of the Bond Retirement Fund to pay the City’s FY 2026 General Fund debt service obligations related to bonds issued to fund Public Building Improvement Bonds for energy improvements in the amount of $3,580 and the ERIP in the amount of $34,810; AUTHORIZING the transfer of $19,420 from the unappropriated surplus of the County Law Enforcement Applied Regionally (CLEAR) Fund to the unappropriated surplus of the Bond Retirement Fund to pay the City’s FY 2026 General Fund debt service obligations related to bonds issued to fund the ERIP; AMENDING Ordinance No. 50-2018 by changing the name of Parking System Facilities Fund reserve account no. 102x3443 from “Hampton Inn Garage - Reserve for Capital Projects” to “Reserve for Parking Structural Maintenance & Repair” and by changing its purpose to reservation of resources for future structural maintenance and repair projects for parking facilities; AUTHORIZING transfers from the unappropriated surplus of the Parking System Facilities Fund of $50,000 to reserve account no. 102x3441, “U-Square Garage - Reserve for Capital Projects,” and of $20,000 to reserve account no. 102x3442, “VP3 Garage - Reserve for Capital Projects” to make contractually obligated payments for repairs to each garage, and of $400,000 to reserve account no. 102x3443, “Reserve for Parking Structural Maintenance & Repair” to reserve resources for future structural maintenance and repair projects; AUTHORIZING the City Manager to apply for, accept, and appropriate a formula grant of up to $330,000 from the U.S. Department of Transportation, Federal Transit Administration (ALN 20.507), to provide funding for streetcar operations in FY 2026; AUTHORIZING the City Manager to apply for, accept, and appropriate a grant of up to $800,000 from the Ohio Department of Transportation Ohio Transit Partnership Program (“OTP2”) (ALN 20.205) to provide funding for streetcar operations in FY 2026; and AUTHORIZING the Director of Finance to deposit the Federal Transit Administration formula grant funds and OTP2 grant funds into Streetcar Operations Fund revenue account no. 455x8554.
recommendation
PASS EMERGENCY
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