City of Columbus - File #: 0094-2004

• File #: 0094-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/8/2004
• In control: Administration Committee
• On agenda: 1/26/2004
• Final action: 1/28/2004
• Title: To authorize and direct the Director of the Department of Finance to enter into an agreement with AmeriNational Community Services, Inc. through February 28, 2006 for the servicing of housing and commercial loans under the CDBG program; to authorize the expenditure of $300,000.00 or so much thereof as may be necessary of Community Development Block Grants Funds; and to declare an emergency. ($300,000.00)

Date	Ver.	Action By	Action	Result
1/28/2004	1	CITY CLERK	Attest
1/27/2004	1	MAYOR	Signed
1/26/2004	1	Columbus City Council	Approved	Pass
1/26/2004	1	COUNCIL PRESIDENT	Signed
1/21/2004	1	ODI DIRECTOR	Reviewed and Approved
1/21/2004	1	Finance Drafter	Sent to Clerk's Office for Council
1/20/2004	1	City Clerk's Office	Sent back for Clarification/Correction
1/15/2004	1	EBOCO Reviewer	Reviewed and Approved
1/15/2004	1	Finance Drafter	Sent for Approval
1/14/2004	1	Finance Drafter	Sent for Approval
1/14/2004	1	CITY ATTORNEY	Reviewed and Approved
1/14/2004	1	Finance Drafter	Sent for Approval
1/13/2004	1	Finance Drafter	Sent for Approval
1/12/2004	1	Auditor Reviewer	Contingent
1/12/2004	1	CITY AUDITOR	Reviewed and Approved
1/9/2004	1	Finance Drafter	Sent for Approval
1/9/2004	1	Finance Reviewer	Reviewed and Approved
1/9/2004	1	FINANCE DIRECTOR	Reviewed and Approved
1/9/2004	1	Finance Drafter	Sent for Approval
1/9/2004	1	Finance Drafter	Sent for Approval

Explanation
BACKGROUND: This legislation will authorize a contract with AmeriNational Community Services, Inc. through February 28, 2006 for the servicing of housing, and commercial loans under the Community Development Block Grant (CDBG) Program and the Home Investment Partnership Program. Competitive bids were solicited for this service in December of 2003. The original RFP contemplates additional two-year contract periods. Efforts were made through EBO and others to identify MBE/FBE's which might be interested in submitting proposals. One MBE was identified but chose not to submit a proposal.

FISCAL IMPACT: This initial contract with AmeriNational is for 25 months; the first month (beginning 2/1/04) will be used for the transition of the portfolio from the current service contract. The following 24 months (beginning 3/1/04) AmeriNational Community Services, Inc. will begin loan servicing. AmeriNational Community Services, Inc. (beginning 3/1/04) will receive a service fee based upon the loans serviced each month. The total amount to be authorized for this contract is $300,000.00 for the first thirteen-month period. Compensation for the second year of the contract is subject to the approval and appropriation of funds by City Council.

2004 CDBG funds have been approved by City Council, Ordinance #2310-2003, in the adoption of the 2004 "Consolidated Plan" Action Plan budget and appropriated by Ordinance #2650-2003.

This legislation is submitted as an emergency measure to ensure uninterrupted servicing of the loan portfolios



Title
To authorize and direct the Director of the Department of Finance to enter into an agreement with AmeriNational Community Services, Inc. through February 28, 2006 for the servicing of housing and commercial loans under the CDBG program; to authorize the expenditure of $300,000.00 or so much thereof as may be necessary of Community Development Block Grants Funds; and to declare an emergency. ($300,000.00)



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