City of Columbus - File #: 0913-2010

• File #: 0913-2010
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/10/2010
• In control: Housing Committee
• On agenda: 6/28/2010
• Final action: 7/1/2010
• Title: To authorize the City Auditor to cancel $930,528.00 from an Auditor's Certificate; to authorize and direct the transfer of $2,980,528.00 within the General Government Grant Fund, NSP1 Grant, to provide funding for obligations and expenditures related to the NSP1 Grant; and to declare an emergency. ($2,980,528.00)

Date	Ver.	Action By	Action	Result
7/1/2010	1	CITY CLERK	Attest
6/30/2010	1	MAYOR	Signed
6/28/2010	1	Columbus City Council	Approved	Pass
6/28/2010	1	COUNCIL PRESIDENT	Signed
6/17/2010	1	Dev Drafter	Sent for Approval
6/17/2010	1	CITY AUDITOR	Reviewed and Approved
6/17/2010	1	CITY AUDITOR	Reviewed and Approved
6/17/2010	1	Dev Drafter	Sent for Approval
6/17/2010	1	CITY ATTORNEY	Reviewed and Approved
6/17/2010	1	Dev Drafter	Sent to Clerk's Office for Council
6/16/2010	1	FINANCE DIRECTOR	Reviewed and Approved
6/15/2010	1	Finance Reviewer	Reviewed and Approved
6/14/2010	1	Finance Reviewer	Reviewed and Approved
6/11/2010	1	Dev Drafter	Sent for Approval
6/11/2010	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
6/11/2010	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND:
This legislation authorizes the transfer of $2,980,528.00 within the General Government Grant Fund, Neighborhood Stabilization Program 1. Funds are needed to obligate and expend for eligible projects and activities associated with the Neighborhood Stabilization Program 1 (NSP1) Grant.

This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the City's accounting system as soon as possible. These funding obligations must be made prior to the end of the grant's required obligation period of September 4, 2010 as mandated by the City's NSP1 Grant Agreement with the U.S. Department of Housing and Urban Development.

FISCAL IMPACT:
This ordinance authorizes the cancellation of $930,528.00 from an Auditor's Certificate and the transfer of $2,980,528.00 within the General Government Grant Fund, NSP1 Grant.


Title

To authorize the City Auditor to cancel $930,528.00 from an Auditor's Certificate; to authorize and direct the transfer of $2,980,528.00 within the General Government Grant Fund, NSP1 Grant, to provide funding for obligations and expenditures related to the NSP1 Grant; and to declare an emergency. ($2,980,528.00)


Body

WHEREAS, this legislation authorizes the cancellation of an Auditor's Certificate and the transfer of $2,980,528.00 within the General Government Grant Fund, NSP1 Grant, to provide funding for the Department of Development obligations and expenses relating to the NSP1 Grant; and

WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to transfer said funds so expenditures can be made by the end of the grant period, 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 partially cancel AC029669\003 by canceling $930,528.00 fr...