Explanation
BACKGROUND: This legislation authorizes the transfer of $112,377 between object levels within the General Government Grant Fund to provide for acquisition and relocation administration within the Lead Safe Columbus program. These funds replace General, HOME and Community Development Block Grant funds for the fourth quarter of the 2008 fiscal year and the 2009 fiscal year allowing an essential staff position within the department to be retained. In addition, these funds will provide a cost savings to the General Fund in that terminal leave costs will not be incurred. And finally, these funds are eligible for use to meet the City's match fund obligation for the federally funded Lead Safe Columbus program.
Emergency action is requested to avoid interruptions in program services.
FISCAL IMPACT: Income from the Rental Rehabilitation Program is generated on the principal of amortized and deferred loans, allowing these funds to accumulate until sufficient amounts are available to fund affordable housing initiatives. $112,377 will be transferred between object levels within the General Government Grant Fund in order to provide funds for acquisition and relocation administration for the Lead Safe Columbus.
Title
To authorize a transfer of $112,377 between object levels within the General Government Grant Fund to provide for acquisition and relocation administration within the Lead Safe Columbus program; and to declare an emergency. ($112,377)
Body
Whereas, this legislation authorizes the transfer of $112,377 between object levels within the General Government Grant Fund to provide for acquisition and relocation administration within the Lead Safe Columbus program; and
Whereas, these funds replace General, HOME and Community Development Block Grant funds for the fourth quarter of the 2008 fiscal year and the 2009 fiscal year allowing an essential staff position within the department to be retained; and
Whereas, in addition, t...
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