Explanation
This ordinance authorizes the transfer of $200,000 between object levels and programs of the 2004 Community Development Block Grant Fund. Funds previously allocated to the Affordable Housing Opportunity program are being redirected to the Homebuyer Counseling and Housing Development Contracts program in order to grant an additional $200,000 to the YWCA for the construction of a 50-unit homeless families center. With this transfer, $300,000 of 2004 funds are allocated to this project.
As required by the Consolidated Plan, a 30-day public notice has been published, appearing January 5, 2004 through February 4, 2004.
Title
To authorize and direct the City Auditor to transfer $200,000 between object levels and programs within the Community Development Block Grant Fund. ($200,000)
Body
WHEREAS, the Department of Development desires to increase funding to the YWCA to $300,000 in 2004 and has identified available funds from the Affordable Housing Opportunity Fund; and
WHEREAS, a public notice has appeared for the required 30 days; 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 $200,000 within the Community Development Block Grant Fund, Fund 248, Subfund 248001, Division 44-10 from OCA 444009, OL3 5525 to OCA 444127 OL3 3336.
SECTION 2. That this ordinance shall take effect and be in force from and after the earliest period allowed by law.