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, 2005. The appropriation of these funds is in accordance with the City of Columbus Consolidated Plan, except that four programs that are administered by the Department of Development involving subrecipient contracts are being restored to their 2004 budget levels. These changes to the Consolidated Plan total $174,323. The source of funds for these increases is the CDBG revolving loan fund cash. The proposed changes are as follows:
Public Service Competitive Fund: Increase $23,893 from $215,037 to $238,930
Neighborhood Support Fund: Increase $57,930 from $473,070 to $531,000
Homeless Prevention Program: Increase $70,000 from $350,000 to $420,000
Columbus Urban Growth Corporation: Increase $22,500 from $202,500 to $225,000
FISCAL IMPACT: The 2005 CDBG programs total $12,940,588. These amounts are supported by 2005 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 2005 CDBG programs.
Title
To authorize an appropriation of $12,940,588 in various divisions and object levels of the Community Development Block Grant Fund, to provide funding for approved programs, and to declare an emergency ($12,940,588)
Body
WHEREAS, an emergency exists in the usual daily operation of the Department of Finance, 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 ...
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