City of Columbus - File #: 0234-2009

• File #: 0234-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 2/10/2009
• In control: Health, Housing & Human Services Committee
• On agenda: 2/23/2009
• Final action: 2/25/2009
• Title: To authorize and direct the Development Director, or his designee, to acquire properties for the NSP Program; to execute any and all documents necessary for conveyance of title; to authorize the expenditure of $3,000,000.00 from the General Government Grants Fund; and to declare an emergency. ($3,000,000.00)

Date	Ver.	Action By	Action	Result
2/25/2009	1	CITY CLERK	Attest
2/24/2009	1	MAYOR	Signed
2/23/2009	1	Columbus City Council	Approved	Pass
2/23/2009	1	COUNCIL PRESIDENT	Signed
2/12/2009	1	FINANCE DIRECTOR	Reviewed and Approved
2/12/2009	1	Dev Drafter	Sent for Approval
2/12/2009	1	Auditor Reviewer	Reviewed and Approved
2/12/2009	1	CITY AUDITOR	Reviewed and Approved
2/12/2009	1	Dev Drafter	Sent for Approval
2/12/2009	1	CITY ATTORNEY	Reviewed and Approved
2/12/2009	1	Dev Drafter	Sent to Clerk's Office for Council
2/11/2009	1	Finance Reviewer	Reviewed and Approved
2/10/2009	1	Dev Drafter	Sent for Approval
2/10/2009	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
2/10/2009	1	Dev Drafter	Sent for Approval
2/10/2009	1	Finance Reviewer	Reviewed and Approved
2/10/2009	1	Finance Reviewer	Reviewed and Approved

Explanation

Background: In response to the housing mortgage crisis, the city of Columbus has been awarded $22,845,495 of Neighborhood Stabilization Program (NSP) grant funds from the U.S. Department of Housing and Urban Development (HUD). The funds will provide for the purchase of foreclosed or abandoned properties, redevelopment, rehabilitation or demolition of these properties in order to stabilize neighborhoods and stem the decline of house values of neighboring homes.
This legislation will implement the acquisition portion of the NSP program by authorizing the Development Director to purchase properties in accordance with the program guidelines and to execute any and all documents for conveyance of title to such real property. Acquisitions of property under this legislation will follow the City's NSP Application, adopted by ordinance 1860-2008, and requirements established by HUD under the Program. Properties suitable for redevelopment and blighted properties proposed for demolition will be acquired under this legislation, as stated in the Application. The subsequent disposition will be in accordance with City and NSP program requirements.

Emergency action is requested to begin the purchase of properties as soon as possible in order to facilitate the rehabilitation, redevelopment or demolition of same.

Fiscal Impact: This legislation authorizes the expenditure of $3,000,000 in General Government Grant funds within the Department of Development. The Department's 2009 NSP budget includes funds for the acquisition of properties.


Title

To authorize and direct the Development Director, or his designee, to acquire properties for the NSP Program; to execute any and all documents necessary for conveyance of title; to authorize the expenditure of $3,000,000.00 from the General Government Grants Fund; and to declare an emergency. ($3,000,000.00)


Body

Whereas, ordinance 1860-2008 adopted the City's Neighborhood Stabilization Program, author...