City of Columbus - File #: 1483-2006

• File #: 1483-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 8/21/2006
• In control: Health, Housing & Human Services Committee
• On agenda: 9/11/2006
• Final action: 9/14/2006
• Title: To authorize the transfer of $325,000 between projects within the Housing Preservation Fund; to authorize the expenditure of $325,000 from the Housing Preservation Fund for the purpose of making grants for the operation of the Housing Preservation Fund from city bond proceeds; and to declare an emergency. ($325,000)

Date	Ver.	Action By	Action	Result
9/14/2006	1	CITY CLERK	Attest
9/13/2006	1	MAYOR	Signed
9/11/2006	1	Columbus City Council	Approved	Pass
9/11/2006	1	COUNCIL PRESIDENT PRO-TEM	Signed
9/1/2006	1	CITY ATTORNEY	Reviewed and Approved
9/1/2006	1	Dev Drafter	Sent to Clerk's Office for Council
8/31/2006	1	FINANCE DIRECTOR	Reviewed and Approved
8/31/2006	1	Dev Drafter	Sent for Approval
8/31/2006	1	Auditor Reviewer	Reviewed and Approved
8/31/2006	1	CITY AUDITOR	Reviewed and Approved
8/31/2006	1	Dev Drafter	Sent for Approval
8/25/2006	1	Finance Reviewer	Reviewed and Approved
8/24/2006	1	Dev Drafter	Sent for Approval
8/24/2006	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
8/24/2006	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND:
This legislation authorizes the transfer of $325,000 between projects within the Housing Preservation Fund and authorizes the expenditure of $325,000 for the provision of grants for projects that preserve the local supply of decent, safe, sanitary and affordable housing for low-income families.

The Housing Preservation Fund represents the City's commitment to the preservation of housing units affordable to very-low, low and moderate-income individuals. Funds will be used to meet the housing needs identified in the Consolidated Plan to correct substandard and deteriorating conditions of homes owned by low and moderate income households. The program will provide eligible homeowners with assistance for home repairs critical to preserving the housing stock and enabling homeowners to remain in their homes.

Emergency action is necessary to allow for payment of projects currently underway at this time.

FISCAL IMPACT:
Funding is transferred within the Housing Preservation Fund.



Title

To authorize the transfer of $325,000 between projects within the Housing Preservation Fund; to authorize the expenditure of $325,000 from the Housing Preservation Fund for the purpose of making grants for the operation of the Housing Preservation Fund from city bond proceeds; and to declare an emergency. ($325,000)



Body

WHEREAS, the Department of Development, Housing Division desires to administer a Housing Preservation Fund from city bond proceeds; and

WHEREAS, these monies will be used to provide grants to preserve the supply of decent, safe, sanitary and affordable housing; and

WHEREAS, emergency action is necessary to allow for prompt payment of projects currently underway; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to transfer and expend said funds thereby preserving the public health, peace, property, safety,...