Explanation
BACKGROUND: This legislation authorizes the appropriation of $1,500,000 and the expenditure of $1,307,950 in NSP2 program income within the General Government Grant Fund. Funds are needed to obligate and expend for eligible projects and activities associated with the Neighborhood Stabilization Program 2 (NSP2) Grant. This legislation also authorizes the Director of the Department of Development to modify and increase the NSP2 Consortium Agreements with Campus Partners for Community Urban Redevelopment, Columbus Housing Partnership, Community Development Collaborative of Greater Columbus and Franklin County. The City of Columbus, as the Lead Applicant of the NSP2 Consortium, will allocate $192,050 for administration and project delivery costs. 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.
This ordinance is submitted as an emergency so as to allow NSP2 funds to be obligated and expended on projects before the end of the grant period.
FISCAL IMPACT: The City of Columbus receives program income from prior investments of NSP2 funds in various homeownership housing development projects. The $1,500,000 of program income must be expended in NSP2 eligible projects.
Title
To authorize the transfer of $80,000.00 within the General Government Grant Fund; to authorize the appropriation of $1,500,000.00 within the General Government Grant Fund, NSP2 Program Income, to the Department of Development; to authorize the Director of the Department of Development to modify and increase NSP2 Consortium Agreements with various non-profits for eligible projects and activities associated with the NSP2 Grant; to authorize the expenditure of $1,307,950.00 from the General Government Grant Fund; and to declare an emergency. ($1,500,000.00)
Body
WHEREAS, this legislation authorizes the appropriation of $1,500,000 and expenditure of $1,307,950 of NSP2 Program Income within the General Government Grant Fund to provide funding for the Department of Development obligations and expenses relating to the NSP2 Grant; and
WHEREAS, the Director of the Department of Development is authorized to modify and increase the NSP2 Consortium Agreements with Campus Partners for Community Urban Redevelopment, Columbus Housing Partnership, Community Development Collaborative of Greater Columbus and Franklin County; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer appropriate and expend said funds so expenditures can be made by the end of the grant period, thereby preserving the public health, peace, property, safety and welfare; Now, Therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor is hereby authorized and directed to transfer $80,000 within the General Government Grant Fund, Fund No.220, Grant 451036 as follows:
FROM:
Division / OJL 1 / OJL 3 / OCA / Amount
44-03 / 01 / 1101 / 441038 / $80,000.00
TO:
Division / OJL 1 / OJL 3 / OCA / Amount
44-10 / 01 / 1101 / 441059 / $80,000
Section 2. That from the unappropriated monies in the General Government Grant Fund, Fund 220, and from all monies estimated to come into said fund from any and all sources and unappropriated for any other purpose during the fiscal year ending December 31, 2012, the sum of $1,500,000 is hereby appropriated to the Department of Development, Grant 451036. That funds are hereby deemed appropriated in an amount not to exceed $1,500,000 as cash is available in the grant.
Section 3. That the monies appropriated in the foregoing Section 2 shall be paid upon the order of the Director of the Department of Development and that no order shall be drawn or money paid except by voucher, the form of which shall be approved by the City Auditor.
Section 4. That the Director of the Department of Development is hereby authorized to modify and increase the NSP2 Consortium Agreements with Campus Partners for Community Urban Redevelopment, Columbus Housing Partnership, Community Development Collaborative of Greater Columbus and Franklin County for eligible projects and activities associated with the NSP2 Grant.
Section 5. That for the purpose stated in Section 4, the expenditure of $1,307,950 or so much thereof as may be necessary as cash becomes available, is hereby authorized from the Department of Development, Division 44-10, Fund 220, Grant 451036.
Section 6. That for the reasons stated in the preamble hereto, 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.