Explanation
BACKGROUND:
This ordinance authorizes the partial cancellation of Auditor Certificates and authorizes the transfer and expenditure of $265,000 within the General Government Grant Fund, Neighborhood Stabilization Program 1 (NSP1) grant. Funds are needed for eligible projects and activities currently in progress associated with the NSP1 Grant.
Emergency action is requested to allow existing projects to continue without interruption.
FISCAL IMPACT:
This ordinance authorizes the partial cancellation of Auditor Certificates AC 031393-002 by $165,000 and AC 031393-003 by $100,000 and transfers these funds to Object Level 5 within the General Government Grant Fund, NSP1 Grant. This ordinance also authorizes the expenditure of these funds.
Title
To authorize and direct the City Auditor to cancel $265,000 from Auditor's Certificates; to authorize and direct the transfer of $265,000 within the General Government Grant Fund, NSP1 Grant; to authorize the Director of the Department of Development to expend $265,000.00 from the General Government Grant Fund to provide funding for expenditures related to the NSP1 Grant; and to declare an emergency. ($265,000.00)
Body
WHEREAS, this legislation authorizes the transfer and expenditure of $265,000.00 within the General Government Grant Fund, NSP1 Grant, to provide funding for the Department of Development expenses for eligible projects and activities currently in progress; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer and expend said funds to allow for continuation of existing projects in progress without interruption., thereby preserving the public health, peace, property, safety and welfare; Now, Therefore,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the City Auditor is hereby authorized to cancel $265,000 from Auditor Certificate AC 031393 to provide fo...
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