Explanation
BACKGROUND: This legislation will authorize the modification of a contract between the City of Columbus and the Columbus/Franklin County Affordable Housing Trust Corporation (Corporation). Contract DL001872 provided the Corporation with funding to support the development of housing within the City. A modification is now necessary to permit $130,000.00 of contract funds to be used to defray the 2004 operating expenses of the Corporation. The modification will allow the Columbus/Franklin County Affordable Housing Trust Corporation to continue to support the development of housing within the City by defraying its operating expenses.
The Columbus/Franklin County Affordable Housing Trust Corporation, a non-profit corporation charged with facilitating the production of housing within Columbus. The Corporation combines public and private funding through a variety of sources to support the development of housing within the City. Both rental units and homeownership projects will be developed.
This legislation is presented as an emergency because of the need to continue program services without interruption.
FISCAL IMPACT: No additional funds are required for this contract modification.
Title
To authorize the Director of the Department of Development to modify a contract between the City of Columbus and the Columbus/Franklin County Affordable Housing Trust Corporation to permit a portion of the contract to be used for 2004 operating expenses; and to declare an emergency.
Body
Whereas, the Director of the Department of Development desires to modify a contract between the City of Columbus and the Columbus/Franklin County Affordable Housing Trust Corporation to permit $130,000.00 of contract funds to be used for 2004 operating expenses; and
Whereas, this modification will allow for the Columbus/Franklin County Affordable Housing Trust Corporation to continue to support the development of housing within the City by paying for its 2004 operating expenses; 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 a contract between the City of Columbus and the Columbus/Franklin County Affordable Housing Trust Corporation in order to continue program services without interruption thereby preserving the public peace, health, 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 contract between the City of Columbus and the Columbus/Franklin County Affordable Housing Trust Corporation to permit $130,000.00 of contract funds to be used to defray the corporation's 2004 operating expenses.
Section 2. That this modification is made pursuant to Section 329.16 of the Columbus City Code.
Section 3. 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.