Explanation
Background:
Ordinance 3297-2021 authorized the expenditure of $475,000 from the Development Taxable Bond Fund 7739 to the Linden home rehabilitation program with Healthy Neighborhoods Healthy Families Realty Collaborative (HNHF) from the Department of Neighborhoods General Fund to continue the Healthy Neighborhoods Healthy Families Realty Collaborative (HNHF) home rehabilitation program in the Linden community. HNHF will continue to administer an exterior home rehabilitation program on behalf of the Department of Neighborhoods in alignment with the One Linden community plan.
This ordinance is needed to authorize the amendment of ordinance number 3297-2021 to include the reduction of appropriation and transfer of $475,000 from the Development Taxable Bond Fund 7739 from project P480102-100000 to P480104-100000.
Fiscal Impact: Funding for this agreement is budgeted within the 2021 Capital Improvement Budget within Fund 7739 Development Taxable Bonds and the Department of Neighborhoods General Fund budget within Fund 1000. A transfer of funding is required.
Emergency Justification: Emergency action is requested to allow for the immediate execution of this contract in order to advance community plan implementation and begin construction.
Title
To amend ordinance number 3297-2021 to include the reduction of appropriation and transfer of $475,000 from the Development Taxable Bond Fund 7739 from project P480102-100000 to P480104-100000; to amend the 2021 Capital Improvement Budget; to authorize the transfer of cash within the Development Taxable Bond Fund; and to declare an emergency.
Body
WHEREAS, it is necessary to amend ordinance 3297-2021 to include the transfer of $475,000 to cover the negative balance; and
WHEREAS, the City commissioned a comprehensive community plan in an effort to revitalize the Linden community; and
WHEREAS, it is necessary to amend the 2021 Capital Improvement Budget; and
WHEREAS, it is necessary to trans...
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