Title
SUPPLEMENTAL APPROPRIATION - TIZ Real Estate Escrow
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dj
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WHEREAS, as properties in the Industrial Zone have been turned over to the lessees as the agreements have come due, the City has had to refund to those companies the monies they have paid in advance for their real estate payments in lieu of taxes; and
WHEREAS, a supplemental is needed to pay the refunds to these companies;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:
Section 1. That funding in the amount of TWENTY ONE THOUSAND EIGHT HUNDRED FIVE DOLLARS ($21,805) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the TIZ Real Estate Escrow Fund to Account No. 870.135.5299, Miscellaneous Tax Payments.
Section 2. That ORD-0001-2012, passed January 2, 2012, is hereby amended to reflect this supplemental appropriation.
Section 3. That this ordinance shall be in full force and effect after passage by this Council and on date of signature approval by the Mayor.