City of Columbus - File #: 0646-2009

• File #: 0646-2009
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/22/2009
• In control: Health, Housing & Human Services Committee
• On agenda: 5/11/2009
• Final action: 5/14/2009
• Title: To authorize the repeal of Ordinance 1960-2008, passed on December 15, 2008, to remove Gambit Investment, LLC's proposed project from the Home Again Program (Housing Preservation Fund); to authorize and direct the City Auditor to cancel the auditor certificate issued for that project; to authorize the Director of the Department of Development to modify the Home Again Program contract with The Affordable Housing Trust for Columbus and Franklin County; to authorize the expenditure of $60,000 from the Housing Preservation Fund; and to declare an emergency ($60,000)

Date	Ver.	Action By	Action	Result
5/14/2009	1	CITY CLERK	Attest
5/12/2009	1	MAYOR	Signed
5/11/2009	1	Columbus City Council	Approved	Pass
5/11/2009	1	COUNCIL PRESIDENT	Signed
4/28/2009	1	Dev Drafter	Sent for Approval
4/28/2009	1	CITY ATTORNEY	Reviewed and Approved
4/28/2009	1	Dev Drafter	Sent to Clerk's Office for Council
4/27/2009	1	Dev Drafter	Sent for Approval
4/27/2009	1	Auditor Reviewer	Reviewed and Approved
4/27/2009	1	CITY AUDITOR	Reviewed and Approved
4/24/2009	1	Dev Drafter	Sent for Approval
4/24/2009	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
4/24/2009	1	Dev Drafter	Sent for Approval
4/24/2009	1	Finance Reviewer	Reviewed and Approved
4/24/2009	1	Finance Reviewer	Reviewed and Approved
4/24/2009	1	FINANCE DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This legislation authorizes the repeal of ordinance 1960-2008 to remove Gambit Investment, LLC's proposed project from the Home Again Program (Housing Preservation Fund), cancels the auditor's certificate that was issued for that project, and authorizes the Director of the Department of Development to modify the Home Again Program contract with The Affordable Housing Trust for Columbus and Franklin County (AHT).

Ordinance 1960-2008, passed on December 15, 2008, authorized the Director of the Department of Development to enter into an agreement with Gambit Investments LLC to implement a component of the City's Home Again Initiative. The project was cancelled on March 26, 2009 and a development agreement was never executed. It is now necessary to repeal said ordinance and cancel the auditor's certificate to make available $60,000 from the Housing Preservation Fund that will be re-committed to the AHT. This legislation authorizes the expenditure of funds to increase the AHT Home Again Program contract and to extend it to October 16, 2011.

The Home Again Program addresses blight through the acquisition and rehabilitation of vacant houses to increase the supply of decent, safe, sanitary and affordable housing as well as enhancing neighborhood revitalization activities. The program allows the AHT to selectively target acquisitions of vacant properties for redevelopment and to ensure maximum neighborhood revitalization potential. The Home Again Program also assists in building the capacity of neighborhood-based non-profit organizations.

Emergency action is requested so that the ordinance can be repealed and the auditor's certificate cancelled allowing the monies to be reallocated to the Affordable Housing Trust during this construction season.

FISCAL IMPACT: This cancellation of AC029353 will make available $60,000 to the City's Housing Preservation Fund that will be re-committed to the AHT. $60,000 will be expended from the Ci...