Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to modify the scope of services in contracts EL0077118, DL013109 and DL012730 with The Affordable Housing Trust for Columbus and Franklin County by including a section called Use of Sales Proceeds that contains the following language:
Use of Sales Proceeds
The Recipient will retain the balance of proceeds of the sale and use said proceeds solely for Home Again eligible activities. Sale proceeds must be committed for approved activities within one (1) year of receipt. The Recipient shall report all program income generated by activities carried out with Home Again funds made available under this contract.
Emergency action is requested so this amended scope of services can be implemented immediately.
FISCAL IMPACT: No additional funds are needed for these modifications.
Title
To authorize the Director of the Department of Development to modify the scope of services in three contracts with The Affordable Housing Trust for Columbus and Franklin County that support the Home Again Program; and to declare an emergency.
Body
WHEREAS, the Director of the Department of Development desires to modify the scope of services of Contracts EL0077118, DL013109 and DL012730 with The Affordable Housing Trust for Columbus and Franklin County to clarify the use of sale proceeds and program income; and
WHEREAS the modifications will consist of the addition of a section called Use of Sales Proceeds to the scope of services that contains the following language: "The Recipient will retain the balance of proceeds of the sale and use said proceeds solely for Home Again eligible activities. Sale proceeds must be committed for approved activities within one (1) year of receipt. The Recipient shall report all program income generated by activities carried out with Home Again funds made available under this contract"; and
WHEREAS, these modifications will a...
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