Explanation
BACKGROUND: This ordinance will authorize the Director of the Department of Development to enter into a development agreement with Affordable Housing Associates for street construction reimbursement in the City of Columbus School District.
The selected sites offer an opportunity to stimulate production of 200 new single family homes in a market within Columbus/Columbus Public Schools in the 2004 home building season. The first phase will consist of 58 new homes.
The Affordable Housing Associates will prepare development plans for the Hartman Pond site (Rathmell Road and Parsons Avenue) and submit the development plans to the City of Columbus, Department of Development, for approval.
Emergency action is requested so that development agreements can be in place during the construction season.
FISCAL IMPACT: Funds for this project are located in the 2004 capital improvement budget.
Title
To authorize the Director of the Department of Development to enter into a development agreement for infrastructure construction reimbursement as part of the Columbus Housing Initiatives Project, Capital Improvement Program; to authorize the expenditure of $232,000 from the Voted 1995, 1999 Streets and Highways Fund for this purpose; and to declare an emergency. ($232,000)
Body
WHEREAS, Article I. Chapter 901.01 of the Code of the City of Columbus, Ohio 1959, authorizes the Director of the Department of Development to enter into an Agreement providing for such improvements; and
WHEREAS, Affordable Housing Associates will develop 58 lots in Hartman Ponds Subdivision (Rathmell Road and Parsons Avenue); and
WHEREAS, the City will reimburse the developers for the construction of infrastructure improvements at $4,000 per improved lot after passing inspection by the Transportation Division and after sale of the improved lot by depositing the funds in an escrow account to be released to the end buyers in the form of down-payment assistance; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, in that it is immediately necessary to enter into a development agreement for infrastructure construction reimbursement as part of the Columbus Housing Initiatives Project Capital Improvement Program so that development agreements can be in place during the construction season, 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 Director of the Department of Development be and is hereby authorized to enter into a development agreement with Affordable Housing Associates for the period of January 1, 2004 to December 31, 2005, to expend $232,000 or so much thereof as necessary for the reimbursement of costs of constructing infrastructure improvements for 58 homes.
Section 2. That this development agreement is a guaranteed fixed price contract whose total amount shall not exceed $232,000.00 pursuant to City Charter, Section 186.
Section 3. That the sum of $232,000.00, or so much thereof as may be necessary, be and is hereby authorized to be expended from Fund 704, Voted 1995, Voted 1999 Streets and Highway Fund, Transportation Division, Department No. 59-09, Object Level One 06, Object Level Three 6631, OCA Code 530302 and Project No. 530302.
Section 4. That for the reasons stated in the preamble thereto, which is hereby made a part hereof, 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.