Explanation
BACKGROUND: This legislation authorizes the transfer of funds between OCA codes within the General Government Grant Fund and the expenditure of $417,500 to modify and increase the Neighborhood Stabilization Program 2 (NSP2) Consortium Agreement with Columbus Housing Partnership. The City of Columbus is the Lead Applicant of the NSP2 Consortium which is an association of seven organizations and government entities formed for the purpose of applying for and implementing NSP2 funds. Columbus Housing Partnership is a member of the NSP2 Consortium. Prior ordinance number 0156-2010 authorized the Director of the Department of Development to enter into consortium funding agreements with members of the NSP2 Consortium. Companion legislation 1278-2010 amends 0156-2010 to establish correct object levels. The NSP2 funds will provide for the acquisition, rehabilitation, redevelopment or demolition of foreclosed, abandoned and vacant properties in order to stabilize neighborhoods and stem the decline of housing values.
Emergency action is requested to avoid interruptions in program services.
FISCAL IMPACT: Funds for this transfer and expenditure are available from the General Government Grant Fund. The City of Columbus was awarded NSP2 grant funds under the American Reinvestment and Recovery Act of 2009 from the U.S. Department of Housing and Urban Development.
Title
To authorize a transfer between OCA Codes within the General Government Grant Fund; to authorize the Director of the Department of Development to modify and increase the NSP2 Consortium Agreement with Columbus Housing Partnership; to authorize the expenditure of $417,500 from the General Government Grant Fund; and to declare an emergency ($417,500)
Body
Whereas, this legislation authorizes the transfer of funds between OCA Codes, authorizes the Director of the Department of Development to modify a NSP2 Consortium Agreement with Columbus Housing Partnership and authorizes the expenditure of $417,500 from the General Government Grant Fund; and
Whereas, the funds will provide for the acquisition, rehabilitation, redevelopment or demolition of foreclosed, abandoned and vacant properties in order to stabilize neighborhoods and stem the decline of housing values; and
Whereas, Columbus Housing Partnership will receive an additional $417,500 from a Neighborhood Stabilization Program 2 grant; and
Whereas, emergency action is requested to avoid interruptions in program services; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to transfer and expend the aforementioned grant funds, thereby preserving the public health, peace, property, safety and welfare; and NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor is hereby authorized to transfer $417,500 within the General Government Grant Fund, Division 44-10, Fund No. 220, Grant 451036, Object Level One 05, Object Level Three 5528 as follows:
FROM:
OCA Code
441043
TO:
OCA Code
441054
Section 2. That the Development Director is hereby authorized to modify the NSP2 Consortium Agreement with the Columbus Housing Partnership by increasing the contract amount by $417,500.
Section 3. That for the purposes stated in Section 2 above, the expenditure of $417,500 or so much thereof as may be necessary is hereby authorized, from the Department of Development, Housing Division, Department No. 44-10, Fund No. 220, Grant 451036, Object Level One 05, Object Level Three 5528, OCA 441054.
Section 4. That in the reasons stated in the preamble hereto, which is hereby made a part thereof, this Ordinance is declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.