City of Columbus - File #: 0834-2004

• File #: 0834-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/26/2004
• In control: Health, Housing & Human Services Committee
• On agenda: 6/7/2004
• Final action: 6/9/2004
• Title: To authorize and direct the appropriation of $995,000.00 (or greater or lesser sum as set forth in the contract) from the Hotel/Motel Excise Tax fund and to authorize the expenditure of said funds to the Columbus/Franklin County Affordable Housing Trust Corporation in accordance with an agreement between the City and the Corporation regarding the use of said funds in order to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; and to declare an emergency. ($995,000.00)

Date	Ver.	Action By	Action	Result
6/9/2004	1	CITY CLERK	Attest
6/8/2004	1	MAYOR	Signed
6/7/2004	1	Columbus City Council	Approved	Pass
6/7/2004	1	COUNCIL PRESIDENT	Signed
5/18/2004	1	CITY ATTORNEY	Reviewed and Approved
5/18/2004	1	Dev Drafter	Sent to Clerk's Office for Council
5/17/2004	1	Dev Drafter	Sent for Approval
5/17/2004	1	Auditor Reviewer	Reviewed and Approved
5/17/2004	1	CITY AUDITOR	Reviewed and Approved
5/17/2004	1	Dev Drafter	Sent for Approval
5/14/2004	1	Finance Reviewer	Reviewed and Approved
5/14/2004	1	FINANCE DIRECTOR	Reviewed and Approved
4/29/2004	1	Dev Drafter	Sent for Approval
4/29/2004	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
4/29/2004	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: The Columbus/Franklin County Affordable Housing Trust Corporation (Corporation) combines public and private funding through a variety of sources to support the development of housing within the City. Both rental units and homeownership projects are developed. In 2004 the City will commit its annual contribution of the hotel/motel tax receipts to the Corporation at an estimated $995,000.00 or whatever greater or lesser sum of money may be received through the portion of the Hotel/Motel Excise Tax fund allocated to the Columbus/Franklin County Affordable Housing Trust Corporation by the calculation contained in Article 4, Section A of the July 24, 2001 contract between the City of Columbus and the Columbus/Franklin County Affordable Housing Trust Corporation.

This legislation authorizes and directs the appropriation of $995,000.00 from the Hotel/Motel Excise Tax fund and authorizes the expenditure of said funds to the Columbus/Franklin County Affordable Housing Trust Corporation in accordance with an agreement between the City and the Corporation.

This legislation is presented as an emergency because of the need to continue program services without interruption.

FISCAL IMPACT: The $995,000.00 (or greater or lesser sum as set forth in the contract) annual contribution comes from the hotel/motel excise tax receipts.



Title

To authorize and direct the appropriation of $995,000.00 (or greater or lesser sum as set forth in the contract) from the Hotel/Motel Excise Tax fund and to authorize the expenditure of said funds to the Columbus/Franklin County Affordable Housing Trust Corporation in accordance with an agreement between the City and the Corporation regarding the use of said funds in order to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; and to declare an emergency. ($995,000.00)



Body

WHEREAS, the Mayor commissioned a Columbus Housing Task Force (Task...