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AN ORDINANCE AUTHORIZING THE ESTABLISHMENT OF THE RAREY'S PORT BUILDING CONSTRUCTION FUND AND THE WERT'S GROVE BUILDING CONSTRUCTION FUND
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WHEREAS, the City desires to establish Capital Projects funds, the Rarey's Port Building Construction Fund and the Wert's Grove Building Construction Fund, under the provisions of Section 5705.09 of the Ohio Revised Code; and
WHEREAS, the City desires to account for all revenues and expenditures associated with these construction funds thus enhancing accountability and transparency of operations; and,
WHEREAS, revenues recorded within the Rarey's Port Building Construction Fund and the Wert's Grove Building Construction Fund shall consist of the proceeds of debt and other receipts while expenditures shall consist of exterior and interior building construction costs.
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 the Finance Director is hereby authorized and directed to establish the Rarey's Port Building Construction Fund and the Wert's Grove Building Construction Fund within the accounting system of the City, to include within such receipt and expenditures categories as may be needed from time to time, and to do all other things necessary to make such funds fully operational and appropriate to their purposes.
Section 2: That the Finance Director is further authorized and directed to request certification of such revenues from the County Budget Commission as Council approves appropriations to such fund upon passage of the City's Annual Appropriation Ordinance.
Section 3: That 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