Explanation
BACKGROUND: This legislation authorizes the modification of the NSP2 Consortium Agreement (EL011062) with the Franklin County Board of Commissioners. The contract amount is being reduced by $19,846.66 in order to reallocate to other eligible NSP2 projects an unspent portion of the original allocation. In addition, this legislation authorizes the transfer of $27,246.66 which includes the unspent funds from contract EL011062. This action is being taken in order to assist the Lead Applicant and the NSP2 Consortium in meeting the U.S. Department of Housing and Urban Development's (HUD) NSP2 expenditure deadline.
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. The Franklin County Board of Commissioners is a member of the NSP2 Consortium. The NSP2 funds 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 in order to meet the expenditure deadline of February 11, 2013.
FISCAL IMPACT: This ordinance authorizes the transfer of $27,246.66 and the expenditure of $27,246.66 within the General Government Grant Fund, NSP2 Grant.
Title
To authorize the Director of the Department of Development to modify the NSP2 Consortium Agreement with the Franklin County Board of Commissioners for the purpose of reducing the amount of the contract; to authorize and direct the transfer of $27,246.66 within the General Government Grant Fund; to authorize the expenditure of $27,246.66 from the General Government Grant Fund to provide funding for obligations and expenditures related to the Neighborhood Stabilization Program 2 grant; and to declare an emergency. ($27,246.66)
Body
WHEREAS, this legislation authorizes modification of the NSP2 Consortium Agreement (EL011062) with the Franklin County Board of Commissioners for the purpose of reducing the contract amount in order to reallocate unspent funds for NSP2 eligible projects; and
WHEREAS, the modification will facilitate the expenditure of NSP2 funds for eligible activities in order to meet the NSP2 expenditure deadline; and
WHEREAS, this legislation authorizes the transfer of $27,246.66 and the expenditure of $27,246.66 within the General Government Grant Fund, NSP2 Grant to provide funding for the Department of Development obligations and expenses relating to the NSP2 Grant; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to modify said contract with the Franklin County Board of Commissioners and transfer and expend said funds in order to meet the expenditure deadline of February 11, 2013, 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 is hereby authorized to modify the NSP2 Consortium Agreement (EL011062) with the Franklin County Board of Commissioners by reducing the contract amount by $19,846.66 for the purpose of allowing advancement of funds for NSP2 eligible expenses.
Section 2. That this contract modification is awarded in accordance with Chapter 329.16 of the Columbus City Codes, 1959.
Section 3. That the City Auditor be and is hereby authorized and directed to transfer within the General Government Grant Fund, Fund 220, Grant Number 451036, $27,246.66 as follows:
FROM:
Division / Object Level One / OCA Code / Amount
44-03 / 01 / 441038 / $5,500.00
44-10 / 03 / 441044/ $19,846.66
45-01 / 01 / 451037 / $1,900.00
Total: $27,246.66
TO:
Division / Object Level One / Object Level Three / OCA Code / Amount
44-10 / 05 / 5528 / 441043 / $27,246.66
Section 4. That the Director of the Department of Development is hereby authorized to expend $27,246.66 from the General Government Grant Fund for eligible projects and activities associated with the Neighborhood Stabilization Program 2 (NSP2) Grant.
Section 5. That for the purpose as stated in Section 4, the expenditure of $27,246.66 or so much thereof as may be necessary, is hereby authorized from the Department of Development, Division 44-10, Fund 220, Grant 451036, Object Level One 05, Object Level Three 5528, OCA Code 441043.
Section 6. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
Section 7. 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.