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, 2007. The CDBG appropriation is $73,841 more than the 2007 Action Plan (Ord. 1748-2006). Funding for the Columbus Compact has been restored to the 2006 level and 2006 interest earnings which must be remitted to HUD in 2007 are higher than originally projected. Year-end carryover monies will be used for this additional appropriation.
FISCAL IMPACT: This legislation totals $11,937,687 for the 2007 CDBG programs. These amounts are supported by 2007 estimates of HUD entitlement awards, housing and economic development loan repayments, reprogramming of prior year projects, and other miscellaneous revenues.
This legislation is presented as an emergency for the effective implementation of 2007 CDBG programs and city operations.
Title
To authorize an appropriation of $11,937,687 in various divisions and object levels of the Community Development Block Grant Fund, to provide funding for approved programs, and to declare an emergency ($11,937,687).
Body
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, 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, 2007, there be and hereby is appropriated to the following divisions the following sums:
(Refer to Attachment 0039-2007section1)
SECTION 2. That from the unappropriat...
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