Explanation
BACKGROUND: This ordinance appropriates monies within the Community Development Block Grant Fund (CDBG) to various departments and offices of the government of the City of Columbus for the twelve months ending December 31, 2014.
This legislation represents appropriation for the CDBG portion of the 2014 Consolidated Plan Action Plan, per Ordinance 2407-2013.
FISCAL IMPACT: This legislation totals $9,021,174.00 for the 2014 CDBG programs. These amounts are supported by 2014 estimates of an entitlement award from the U.S. Department of Housing & Urban Development (HUD), housing and economic development loan repayments, unencumbered cash carryover from 2013, and other miscellaneous revenues.
This legislation is presented as an emergency for the effective implementation of 2014 CDBG programs and ongoing city operations.
Title
To authorize an appropriation of $9,021,174.00 in various divisions and object levels of the Community Development Block Grant Fund, to provide funding for approved programs, and to declare an emergency ($9,021,174.00).
Body
WHEREAS, the City of Columbus expects to continue as a participating jurisdiction of the U.S. Department of Housing and Urban Development for 2014; and
WHEREAS, City Council has approved the 2014 Action Plan budget (Ordinance 2407-2013), as required by HUD; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Finance and Management, in that it is immediately necessary to appropriate the aforementioned funds to begin implementation of 2014 programs and ongoing city operations, 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 from the unappropriated monies in the fund known as the Community Development Block Grant Fund, Fund No. 248, Subfund 001, and from all monies estimated to come into said fund from any and all sources during the 12 months ending December 31...
Click here for full text