Section 103-548; Ord. 17467; Appropriating Funds for the Designated Loan Fund to Acquire Property on Clarkson Road for Open Space and Park Purposes (Grasslands)


Ordinance No.            17467              Council Bill No.            B 334-02           

AN ORDINANCE

appropriating funds from the Designated Loan Fund to acquire property on Clarkson Road for open space and park purposes; providing for repayment of the Designated Loan Fund; and fixing the time when this ordinance shall become effective.

BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.  The sum of $ 680,000 is hereby appropriated from the Designated Loan Fund Account No. 710-0000-132.01-00 to the Grasslands Park Capital Project Account No. 440-8800-548.49-90 C00169 to purchase property on Clarkson Road for open space and park purposes.

    SECTION 2.  The Designated Loan Fund shall be repaid from the following sources:

    a.    $400,000 from taxbills issued against property in the benefit district described in Ordinance No. 017433 passed on September 16, 2002.
    b.    $150,000 from private donations to be received by the City at the time of closing on the purchase of the property on Clarkson Road.
    c.    $130,000 from the sale of a portion of the property on Clarkson Road.

    SECTION 3.  This ordinance shall be in full force and effect from and after its passage.

    PASSED this 21st day of October, 2002.