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File #: 0876-2004    Version: 1
Type: Ordinance Status: Passed
File created: 5/4/2004 In control: Health, Housing & Human Services Committee
On agenda: 6/7/2004 Final action: 6/9/2004
Title: To authorize the Director of the Department of Development to contract with the Columbus/Franklin County Affordable Housing Trust Corporation; to authorize the expenditure of $70,000 from the General Fund; and to declare an emergency. ($70,000.00)
Explanation
 
BACKGROUND:  This legislation authorizes the Director of the Department of Development to contract with the Columbus/Franklin County Affordable Housing Trust Corporation. The Columbus/Franklin County Affordable Housing Trust Corporation will facilitate the production of affordable housing and enhance home ownership opportunities in Columbus.
 
 
FISCAL IMPACT: This legislation will be funded out of the 2004 General Fund.
 
 
 
Title
 
To authorize the Director of the Department of Development to contract with the Columbus/Franklin County Affordable Housing Trust Corporation; to authorize the expenditure of $70,000 from the General Fund; and to declare an emergency. ($70,000.00)
 
 
Body
 
WHEREAS, it is necessary to authorize funds and to enter into a contract with the Columbus/Franklin County Affordable Housing Trust Corporation to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; and
 
WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to expend said funds so that services will not be interrupted 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 be and is hereby authorized to contract with the Columbus/Franklin County Affordable Housing Trust Corporation to facilitate production of affordable housing and enhance home ownership opportunities in Columbus.
 
Section 2.       That the expenditure of $70,000.00, or so much thereof as may be necessary, is hereby authorized for the aforesaid purpose from the Department Development, Housing Division 44-10, General Fund, Fund 010, OCA Code 440284, Object Level One 03, Object Level Three 3336.
 
Section 3.         That this contract is awarded in accordance with Chapter 329.15 of the Columbus City Codes, 1959.
 
Section 4.        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 approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.