City of Gahanna - File #: ORD-0243-2002

• File #: ORD-0243-2002
• Version: 1
• Name: Supp./App. Hunters Ridge Pool
• Type: Ordinance
• Status: Passed
• File created: 12/2/2002
• In control: Finance Committee
• Final action: 12/16/2002
• Title: SUPPLEMENTAL APPROPRIATION - Hunters Ridge Pool
• Indexes: ORDINANCE, SUPPLEMENTAL

Date	Ver.	Action By	Action	Result
12/16/2002	1	City Council	Adopted	Pass
12/9/2002	1	Finance Committee	Recommended for Adoption, Consent
12/2/2002	1	City Council	Introduced,

Title

SUPPLEMENTAL APPROPRIATION - Hunters Ridge Pool

Version

dj

Body

WHEREAS, the City entered into Guaranty Agreement with Nationaal City Bank of Columbus to guaranty payment of a $700,000 note by Hunters Ridge Recreation Association to be used to construct a swimming pool; and

WHEREAS, the City has been making the monthly payments for the Hunters Ridge Pool for several years; and

WHREAS, the Director of Finance has recommended that we pay the note off;

NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GAHANNA, STATE OF OHIO:

Section 1. That funding in the amount of SIX HUNDRED FORTY NINE THOUSAND FIVE HUNDRED EIGHTY FOUR DOLLARS ($649,584) is hereby supplementally appropriated from the unencumbered, unappropriated balance of the General Fund to Account No. 101.432.5511, Recreation Capital.

Section 2.  That ORD-0001-2002, passed January 1, 2002 is hereby amended to reflect this supplemental appropriation.

Section 3.  That for the reasons set forth in the preamble herein above this ordinance is declared emergency legislation and shall be in full force and effect after passage by this Council and on date of signature approval by the Mayor.