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AN ORDINANCE AMENDING ORDINANCE NUMBER 17-060 (ADOPTED 12-18-2017) WHICH ESTABLISHED THE GOLF COURSE RECOVERY FUND
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WHEREAS, the City has established a Golf Course Recovery Fund under the provisions of Section 5705.09 of the Ohio Revised Code in Ordinance 17-060, adopted 12/18/2017; and,
WHEREAS, the City desires to modify the existing accounting of all revenues and expenditures recorded within this Fund; and,
WHEREAS, the stated modification requires amendments to Ordinance 17-060.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GROVEPORT, FRANKLIN COUNTY, OHIO, A MAJORITY OF ITS MEMBERS CONCURRING:
Section 1. That Ordinance 17-060 is hereby amended as to the existing accounting for all revenues and expenditures recorded within the Golf Course Recovery Fund retroactive to January 1, 2022.
Section 2. That City Council hereby mandates and commits that all revenues within said Fund shall consist of 3% of golf course revenues, excluding debt and lease revenues, recorded therein; other revenues and transfers from allowable funds (as considered necessary) shall be used for any known or unknown non-payroll related expense related to the Groveport Municipal Golf Course. Further, the Fund balance shall not be capped or limited.
Section 3. That for the reasons stated in the preamble hereto which are made a part hereof, this Ordinance shall take effect and be in full force from and after the earliest period allowed by law.
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Lance Westcamp, Mayor
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Ruthanne Sargus Ross, CMC
Clerk of Council
Approved as to form:
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Kevin C. Shannon, Law Director