TO AMEND SECTION I, 2021 ORIGINAL APPROPRIATION ORDINANCE NO. 4925, TO PROVIDE FOR THE APPROPRIATION OF:
AN ADDITIONAL AMOUNT OF $37,559.33 TO BE EXPENDED FROM THE FIRE INSURANCE TRUST FUND AS A RELEASE OF SECURITY FOR THE REPAIR OF RESIDENTIAL PREMISES DAMAGED BY FIRE.
FOR THE CITY OF OAKWOOD, STATE OF OHIO, DURING THE FISCAL YEAR ENDING DECEMBER 31, 2021.
WHEREAS, pursuant to state law and Ordinance No. 3210, adopted on June 15, 1981, the city maintains a Fire Insurance Trust Fund for the purpose of receiving, holding, and disbursing fire insurance proceeds, or a portion thereof, as security to ensure that fire-damaged premises in the city of Oakwood are promptly and safely repaired by their owners and that any costs incurred by the city in securing or otherwise making the damaged structure safe are reimbursed; and
WHEREAS, a residence located at 502 Volusia Avenue was damaged by fire on December 8, 2020, and fire insurance proceeds relating to that loss in the amount of $37,559.33 were received by the city subsequent to the approval and adoption of the 2021 budget and appropriation ordinance; and
WHEREAS, these insurance proceeds have been deposited in the Fire Insurance Trust Fund, to be held and subsequently released to the homeowner (insured) pursuant to law; and
WHEREAS, in order to make these insurance proceeds available to the homeowner (insured) in 2021 for completing the necessary repairs, it is necessary to adopt an amendment to the appropriation ordinance passed by Council on December 14, 2020;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF OAKWOOD, STATE OF OHIO, THAT:
SECTION I.To provide for the current expenses and other expenditures of the said city of Oakwood during the period commencing January 1, 2021 and ending December 31, 2021, the following revised sums shall be and they are hereby set aside and appropriated as follows, with added material in bold type and deleted material in strike-through type:
| Fund | Appropriation |
|---|---|
| 810 Fire Insurance Trust Fund | $ $37,559.33 |
This additional appropriation shall be released to the homeowner (insured) of 502 Volusia Avenue as authorized by law, after being held as necessary to ensure that fire-damaged premises at 502 Volusia Avenue are promptly and safely repaired by the homeowner (insured) and that any costs incurred by the city in securing or otherwise making the damaged structure safe are reimbursed.
SECTION III.The Director of Finance is hereby authorized to draw warrants for payments from any of the foregoing appropriations upon receiving proper certificates and vouchers therefore, approved by this ordinance of Council to make the expenditures; provided that no warrants shall be drawn or paid for salaries or wages except to persons employed by authority of and in accordance with law or ordinance.