A Resolution Authorizing THE CITY MANAGER TO EXECUTE A MEMORANDUM OF UNDERSTANDING WITH COLUMBUS WATER \n \n WORKS IN AN AMOUNT NOT TO EXCEED $1 MILLION IN 1999 SPLOST FUNDS FOR \n \n INFRASTRUCTURE IMPROVEMENTS IN THE OXBOW MEADOWS PARK DEVELOPMENT. whereas, the 1999 SPLOST includes $10 million to fund development of the Oxbow Meadows \n \n area to promote economic development and tourism; and,
whereas, the Oxbow Meadows Development is a public/private partnership representing a \n \n total projected investment of $44.5 million ($10 million SPLOST, $34.5 million \n \n private); and,
WHEREAS, the water and sewer improvements described in the Memorandum of \n \n Understanding are necessary to support the current and future needs of the \n \n proposed development in the Oxbow Meadows Master Plan to include but not \n \n limited to the Infantry Museum, Marina, and other potential commercial \n \n development; and, \n \n WHEREAS, the total cost of the Oxbow Meadows infrastructure improvement project \n \n is $4,327,366. Of this amount, the City?s contribution will be limited to the \n \n requested amount of $1,000,000. Funds will be dispersed on a reimbursement \n \n basis consistent with the Memorandum of Understanding.
NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA, HEREBY
RESOLVES AS FOLLOWS:
1. The City Manager is authorized to execute a Memorandum of \n \n Understanding with the Columbus Water Works in an amount not to exceed $1 \n \n million in 1999 SPLOST funds to fund infrastructure improvements for Oxbow \n \n Meadows Park. \n \n 2. The Director of Finance is authorized to adjust the Oxbow Meadows \n \n Project in the 1999 SPLOST as needed to fund the infrastructure improvements \n \n described in the Memorandum of Understanding. \n \n \n \n 3. The City Manager is authorized to reimburse the Columbus Water \n \n Works in the amount not to exceed $1 million.
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Introduced at a regular meeting of the Council of Columbus, Georgia, held the _________ day of _____________ 2006 and adopted at said meeting by the affirmative vote of _____________ members of said Council.
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