Explanation
BACKGROUND: This legislation authorizes the transfer of $112,377 between object levels within the General Government Grant Fund to provide for acquisition and relocation administration within the Lead Safe Columbus program. These funds replace General, HOME and Community Development Block Grant funds for the fourth quarter of the 2008 fiscal year and the 2009 fiscal year allowing an essential staff position within the department to be retained. In addition, these funds will provide a cost savings to the General Fund in that terminal leave costs will not be incurred. And finally, these funds are eligible for use to meet the City's match fund obligation for the federally funded Lead Safe Columbus program.
Emergency action is requested to avoid interruptions in program services.
FISCAL IMPACT: Income from the Rental Rehabilitation Program is generated on the principal of amortized and deferred loans, allowing these funds to accumulate until sufficient amounts are available to fund affordable housing initiatives. $112,377 will be transferred between object levels within the General Government Grant Fund in order to provide funds for acquisition and relocation administration for the Lead Safe Columbus.
Title
To authorize a transfer of $112,377 between object levels within the General Government Grant Fund to provide for acquisition and relocation administration within the Lead Safe Columbus program; and to declare an emergency. ($112,377)
Body
Whereas, this legislation authorizes the transfer of $112,377 between object levels within the General Government Grant Fund to provide for acquisition and relocation administration within the Lead Safe Columbus program; and
Whereas, these funds replace General, HOME and Community Development Block Grant funds for the fourth quarter of the 2008 fiscal year and the 2009 fiscal year allowing an essential staff position within the department to be retained; and
Whereas, in addition, these funds will provide a cost savings to the General Fund in that terminal leave costs will not be incurred and these funds are eligible for use to meet the City's match fund obligation for the federally funded Lead Safe Columbus program; and
Whereas, emergency action is necessary to avoid interruptions in program services; and
Whereas, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to transfer the aforementioned funds, 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 City Auditor be and is hereby authorized and directed to transfer $112,377 within the Development Department, General Government Grant Fund, Fund 220, Grant No. 448015, Housing Division, Division 44-10, as follows:
FROM:
OL1 05 / OL3 5517 / OCA 440304 / Amount $38,173
OL1 05 / OL3 5525 / OCA 440304 / Amount $27,037
OL1 05 / OL3 5528 / OCA 440304 / Amount $47,167
Total: $112,377
TO:
OL1 01 / OL3 1101 / OCA 440304 / Amount $72,781
OL1 01 / OL3 1105 / OCA 440304 / Amount $ 1,500
OL1 01 / OL3 1120 / OCA 440304 / Amount $ 7,428
OL1 01 / OL3 1150 / OCA 440304 / Amount $15,478
OL1 01 / OL3 1160 / OCA 440304 / Amount $10,399
OL1 01 / OL3 1171 / OCA 440304 / Amount $ 1,077
OL1 01 / OL3 1173 / OCA 440304 / Amount $ 3,714
Total: $112,377
Section 2. 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.