Explanation
BACKGROUND: Ordinance 0782-2009 passed on June 1, 2009, authorized the Director of the Development Department to enter into a contract with the Affordable Housing Trust for Columbus and Franklin County to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; to authorize the appropriation and expenditure of 0.43% (presently estimated at $1,125,000) of the combined rates of 5.1% of the Hotel/Motel Excise Tax, less $266,000 to authorize the transfer of $116,000 to the Public Safety Initiatives Fund and to repeal ordinance 0657-2009; and to declare an emergency. It has since been determined the dollar amount for purposes of paying the costs thereof in Section 2 is incorrect. The following legislation amends Ordinance 0782-2009 to replace and correct Section 2.
FISCAL IMPACT: No funds are required for this amendment.
EMERGENCY JUSTIFICATION: Emergency action is requested because of the need to continue program services without interruption.
Title
To amend Section 2 of Ordinance 0782-2009, passed on June 1, 2009, to replace and correct the amount of the Hotel/Motel Excise Tax fund allocated to the Affordable Housing Trust Fund, and to declare an emergency.
Body
WHEREAS, Ordinance 0782-2009, passed June 1, 2009, authorized the Director of the Development Department to enter into a contract with the Affordable Housing Trust for Columbus and Franklin County to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; to authorize the appropriation and expenditure of 0.43% (presently estimated at $1,125,000) of the combined rates of 5.1% of the Hotel/Motel Excise Tax, less $266,000 to authorize the transfer of $116,000 to the Public Safety Initiatives Fund and to repeal ordinance 0657-2009 and to declare an emergency; and
WHEREAS, It has since been determined the dollar amount for purposes of paying the costs thereof in Section 2 i...
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