Explanation
BACKGROUND: Ordinance 0782-2009 passed on June 1, 2009, authorized the Director of the Development Department to enter into a contract with the Affordable Housing Trust for Columbus and Franklin County to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; to authorize the appropriation and expenditure of 0.43% (presently estimated at $1,125,000) of the combined rates of 5.1% of the Hotel/Motel Excise Tax, less $266,000 to authorize the transfer of $116,000 to the Public Safety Initiatives Fund and to repeal ordinance 0657-2009; and to declare an emergency. It has since been determined the dollar amount for purposes of paying the costs thereof in Section 2 is incorrect. The following legislation amends Ordinance 0782-2009 to replace and correct Section 2.
FISCAL IMPACT: No funds are required for this amendment.
EMERGENCY JUSTIFICATION: Emergency action is requested because of the need to continue program services without interruption.
Title
To amend Section 2 of Ordinance 0782-2009, passed on June 1, 2009, to replace and correct the amount of the Hotel/Motel Excise Tax fund allocated to the Affordable Housing Trust Fund, and to declare an emergency.
Body
WHEREAS, Ordinance 0782-2009, passed June 1, 2009, authorized the Director of the Development Department to enter into a contract with the Affordable Housing Trust for Columbus and Franklin County to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; to authorize the appropriation and expenditure of 0.43% (presently estimated at $1,125,000) of the combined rates of 5.1% of the Hotel/Motel Excise Tax, less $266,000 to authorize the transfer of $116,000 to the Public Safety Initiatives Fund and to repeal ordinance 0657-2009 and to declare an emergency; and
WHEREAS, It has since been determined the dollar amount for purposes of paying the costs thereof in Section 2 is incorrect; and
WHEREAS, the amendment contained below-herein corrects the dollar amount of the Hotel/Motel Excise Tax fund allocated to the Affordable Housing Trust; and
WHEREAS, this ordinance amends Ordinance 0782-2009 by replacing and correcting Section 2; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development because of the need to continue program services without interruption; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That Section 2 of Ordinance 0789-2009 shall be amended to read as follows:
For the purpose of paying the costs thereof, $859,000 is hereby deemed appropriated and authorized to be expended from the Department of Development, Division No. 44-10, the Hotel/Motel Excise Tax Fund 236, Object Level One 03, Object Level Three 3336, OCA Code 236002.
Section 2. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby 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.