City of Columbus - File #: 1074-2006

• File #: 1074-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/6/2006
• In control: Development Committee
• On agenda: 6/26/2006
• Final action: 6/28/2006
• Title: To authorize the transfer of $82,970 within the General Government Grant Fund, Department of Development, to provide funds for administrative costs relating to the Empowerment Zone Grant; and to declare an emergency. ($82,970.00)

Date	Ver.	Action By	Action	Result
6/28/2006	1	CITY CLERK	Attest
6/27/2006	1	MAYOR	Signed
6/26/2006	1	Columbus City Council	Approved	Pass
6/26/2006	1	COUNCIL PRESIDENT	Signed
6/15/2006	1	Dev Drafter	Sent for Approval
6/15/2006	1	CITY ATTORNEY	Reviewed and Approved
6/15/2006	1	Dev Drafter	Sent to Clerk's Office for Council
6/14/2006	1	Dev Drafter	Sent for Approval
6/14/2006	1	CITY AUDITOR	Reviewed and Approved
6/14/2006	1	CITY AUDITOR	Reviewed and Approved
6/13/2006	1	Finance Reviewer	Reviewed and Approved
6/13/2006	1	FINANCE DIRECTOR	Reviewed and Approved
6/8/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
6/8/2006	1	Dev Drafter	Sent for Approval
6/7/2006	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND:   The City of Columbus was designated a federal Empowerment Zone in January of 1999. Parties to the agreements include HUD, The State of Ohio, the cities of Columbus (lead entity under this agreement), Gahanna, and Obetz, the Village of Groveport, and Mifflin, Madison, and Hamilton townships (nominating entities). Consistent with the MOA and the Empowerment Zone's strategic plan, the City of Columbus will serve as the lead entity responsible for the administration of the EZ and the receipt, expenditure and obligation of all federal funds provided for use in the EZ. On an annual basis, the City will provide progress reports on the EZ's performance to HUD. The Columbus Compact Corporation is the governing body and implementation agent for the Columbus Empowerment Zone. The Empowerment Zone designation will be in effect from January 1, 1999 through December 31, 2009.

This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the City's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.

FISCAL IMPACT: The legislation will transfer funds between object levels to provide funds for administrative costs relating to the Empowerment Zone Grant.

Title

To authorize the transfer of $82,970 within the General Government Grant Fund, Department of Development, to provide funds for administrative costs relating to the Empowerment Zone Grant;   and to declare an emergency. ($82,970.00)

Body

WHEREAS, the Department of Development has been awarded a grant  by the U.S. Department of Housing and Urban Development to implement year seven initiatives of the Columbus Empowerment Zone's strategic plan; and

WHEREAS, the Department of Development entered into a grant agreement with HUD on June 16, 1999, whereby HUD is providing funding over a ten year period; and

WHEREAS, it is necessary to transfer funds within the General Government Grant Fund for the Empowerment Zone Grant; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer said grant funds all for the preservation of 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 is hereby authorized and directed to transfer $82,970 within the Department of Development, Administration Division, General Government Grant Fund, Fund 220, Grant No. 449006 as follows:

FROM:

      Object Level 0ne      Amount

02            $ 1,237

03      $80,840

06      $     893

Total:      $82,970

TO:

Object Level 0ne             Object Level Three      OCA Code      Amount

           01                 1101               444287            $82,970

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 passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.