City of Columbus - File #: 1497-2007

• File #: 1497-2007
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/12/2007
• In control: Health, Housing & Human Services Committee
• On agenda: 10/1/2007
• Final action: 10/5/2007
• Title: To amend the 2007 CIB; to authorize and direct the City Auditor to transfer $1,000,000.00 from the Special Income Tax Fund to the Development Revolving Loans/Grants Fund; to authorize the expenditure of $1,000,000 from the Development Revolving Loans/Grants Fund for the purpose of providing assistance to low income homeowners through the Roof Repair Plus Program; and to declare an emergency. ($1,000,000) (AMENDED BY ORD. 1609-2008 PASSED 10/20/20080

Date	Ver.	Action By	Action	Result
10/5/2007	1	CITY CLERK	Attest
10/4/2007	1	MAYOR	Signed
10/1/2007	1	Columbus City Council	Approved	Pass
10/1/2007	1	COUNCIL PRESIDENT	Signed
9/20/2007	1	CITY ATTORNEY	Reviewed and Approved
9/20/2007	1	Dev Drafter	Sent to Clerk's Office for Council
9/19/2007	1	Dev Drafter	Sent for Approval
9/19/2007	1	Auditor Reviewer	Reviewed and Approved
9/19/2007	1	CITY AUDITOR	Reviewed and Approved
9/19/2007	1	Dev Drafter	Sent for Approval
9/18/2007	1	Finance Reviewer	Reviewed and Approved
9/18/2007	1	FINANCE DIRECTOR	Reviewed and Approved
9/17/2007	1	Dev Drafter	Sent for Approval
9/17/2007	1	Finance Reviewer	Reviewed and Approved
9/14/2007	1	Finance Reviewer	Reviewed and Disapproved
9/13/2007	1	Dev Drafter	Sent for Approval
9/13/2007	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
9/13/2007	1	Dev Drafter	Sent for Approval
9/13/2007	1	Finance Reviewer	Reviewed and Approved

Explanation

BACKGROUND:
This legislation authorizes and directs the City Auditor to transfer $1,000,000 from the Special Income Tax Fund to the Development Revolving Loans/Grants Fund and authorizes the expenditure of $1,000,000 for the provision of loans and grants to eligible households through the Roof Repair Plus Program. The Roof Repair Plus Program helps preserve the local supply of decent, safe, sanitary and affordable housing for low-income families.

The Development Revolving Loans/Grants Fund represents the City's commitment to the preservation of housing units affordable to very-low, low and moderate-income individuals. Funds are used to meet the housing needs identified in the Consolidated Plan to correct substandard and deteriorating conditions of homes owned by low and moderate-income households. The Roof Repair Plus Program provides eligible homeowners with assistance for roof and other related home repairs critical to preserving the housing stock and enabling homeowners to remain in their homes.

Emergency action is requested so that vital program services can be provided without interruption.

FISCAL IMPACT:
This ordinance authorizes the transfer of $1,000,000 from the Special Income Tax Fund to provide funds for the Development Revolving Loans/Grants Fund and amends the 2007 CIB by reducing the Housing Program by $1 million (from $4.5 million to $3.5 million) to account for this transfer.


Title

To amend the 2007 CIB; to authorize and direct the City Auditor to transfer $1,000,000.00 from the Special Income Tax Fund to the Development Revolving Loans/Grants Fund; to authorize the expenditure of $1,000,000 from the Development Revolving Loans/Grants Fund for the purpose of providing assistance to low income homeowners through the Roof Repair Plus Program; and to declare an emergency. ($1,000,000) (AMENDED BY ORD. 1609-2008 PASSED 10/20/20080


Body

WHEREAS, this legislation authorizes and directs the City Auditor to transfer $1,000,000 f...