Explanation
Background: The Neighborhood Commercial Revitalization Program, in existence since 1981, provides grants to encourage rehabilitation of commercial properties located in designated neighborhood business districts. Currently $123,000 in cash is available for this program but the funds need to be appropriated to allow for expenditures for the grant program. This legislation authorizes the appropriation and expenditure of $123,000.00 for storefront renovation grants.
Fiscal Impact: This legislation appropriates and authorizes $123,000 to provide funds for storefront renovation grants under the Neighborhood Commercial Revitalization Program. Currently $123,000 in cash is available for this program but the funds need to be appropriated in order to be available to expend.
Emergency action is requested in order to allow program services to continue uninterrupted.
Title
To authorize and direct the City Auditor to appropriate $123,000.00 from the unappropriated balance of the Urban Development Action Grant Fund to the Development Department, Economic Development Division; to authorize the expenditure of $123,000 from the Urban Development Action Grant Fund for the purpose of making storefront renovation grants under the Economic Development Division, Neighborhood Commercial Revitalization Program; and to declare an emergency. ($123,000.00)
Body
Whereas, the City of Columbus established the Neighborhood Commercial Revitalization Program in 1981 to encourage the rehabilitation of commercial properties located in designated business districts; and
Whereas, $123,000 in cash is available for this program; and
Whereas, it is necessary to appropriate the $123,000 for the purpose of making storefront renovation grants; and
Whereas, emergency action is needed to allow the Storefront Renovation Grant Fund to continue uninterrupted; and
Whereas, an emergency exists in the daily operation of the Department of Development in that it is immediately necessary to appropriate and authorize funds, for the preservation of the public health, peace, property, safety and welfare; now, therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That from the unallocated monies in the Urban Development Action Grant Fund, Fund 243, Subfund 018, and from any and all sources unallocated for any other purpose during the fiscal year ending December 31, 2007, the sum of $123,000 be and hereby is appropriated to the Department of Development, Division 44-02, Object Level One 05, Object Level Three 5519, OCA Code 446022.
Section 2. That the expenditure of $123,000.00, or so much thereof as may be necessary, from the Development Department, Economic Development Division, Division No. 44-02, Urban Development Action Grant Fund, Fund 243, Subfund 018, Object Level One 05, Object Level Three 5519, OCA Code 446022, for the purpose of making storefront renovation grants under the Economic Development Division, Neighborhood Commercial Revitalization Program is hereby authorized.
Section 3. 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.