Explanation
BACKGROUND: This legislation authorizes the transfer of $110,000 within the Community Development Block Grant (CDBG) Fund located in the Department of Development and the expenditure of $110,000 for the provision of loans and grants under the Homeowner Assistance Program. The Homeowner Assistance Program provides assistance to low and moderate-income individuals to undertake home repair activities to preserve decent, safe, and sanitary housing.
This legislation is presented as an emergency measure to allow program services to continue without interruption.
FISCAL IMPACT: Funds for this transfer and expenditure are available from the Affordable Housing Opportunity Fund portion of the 2004 Community Development Block Grant Fund.
Title
To authorize and direct the City Auditor to transfer $110,000 between object levels within the Community Development Block Grant Fund; to authorize the expenditure of $110,000 from the Community Development Block Grant Fund; and to declare an emergency. ($110,000)
Body
WHEREAS, it is necessary at this time to transfer and expend $110,000 within the Community Development Block Grant Fund located in the Department of Development to provide additional funds for the Homeowner Assistance Program; and
WHEREAS, funds for this transfer and expenditure are available within the Affordable Housing Opportunity Fund portion of the 2004 Community Development Block Grant Fund; and
WHEREAS, this transfer and expenditure is necessary due to the increased volume of calls requesting rehabilitation assistance; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer and expend said funds to allow program services to continue without interruption thereby preserving the public health, peace, property, safety, and welfare; 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 funds within the
Community Development Block Grant Fund, Fund 248, Subfund 248001, Division 44-10 as follows:
FROM:
Object Level One 03, Object Level Three 3331, OCA Code 444009, Amount $26,500.
Object Level One 03, Object Level Three 3336, OCA Code 444009, Amount $83,500.
TO:
Object Level One 05, Object Level Three 5517, OCA Code 444009, Amount $55,000.
Object Level One 05, Object Level Three 5525, OCA Code 444009, Amount $55,000.
Section 2. That for the purpose of the Homeowner Assistance Program, the expenditure of $110,000 or so much thereof as may be necessary, is hereby authorized from the Department of Development, Fund 248, Subfund 248001, Division 44-10, Object Level One 05, OCA Code 444009 as follows:
Object Level Three 5517, Amount $55,000
Object Level Three 5525, Amount $55,000
Total: $110,000
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.