City of Columbus - File #: 0646-2011

• File #: 0646-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/18/2011
• In control: Health, Housing & Human Services Committee
• On agenda: 5/2/2011
• Final action: 5/4/2011
• Title: To authorize and direct the City Auditor to cancel $1,250,000 from an encumbrance with Franklin County; to authorize and direct a transfer within the General Government Grant Fund; to authorize the Director of the Department of Development to modify the NSP2 Consortium Agreement with Franklin County; to authorize the expenditure of $1,250,000.00 from the General Government Grant Fund; and to declare an emergency. ($1,250,000.00)

Date	Ver.	Action By	Action	Result
5/4/2011	1	CITY CLERK	Attest
5/3/2011	1	MAYOR	Signed
5/2/2011	1	Columbus City Council	Approved	Pass
5/2/2011	1	COUNCIL PRESIDENT	Signed
4/22/2011	1	Dev Drafter	Sent to Clerk's Office for Council
4/21/2011	1	FINANCE DIRECTOR	Reviewed and Approved
4/21/2011	1	Dev Drafter	Sent for Approval
4/21/2011	1	Auditor Reviewer	Reviewed and Approved
4/21/2011	1	CITY AUDITOR	Reviewed and Approved
4/21/2011	1	Dev Drafter	Sent for Approval
4/21/2011	1	CITY ATTORNEY	Reviewed and Approved
4/20/2011	1	Finance Reviewer	Reviewed and Approved
4/19/2011	1	Dev Drafter	Sent for Approval
4/19/2011	1	Finance Reviewer	Reviewed and Approved
4/19/2011	1	Finance Reviewer	Reviewed and Approved
4/18/2011	1	Dev Drafter	Sent for Approval
4/18/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND: This legislation authorizes the transfer of $1,250,000 within the General Government Grant Fund and the modification of the NSP2 Consortium Agreement with Franklin County. This transfer and modification to Franklin County's Funding Agreement will allow the City to establish loan agreements to implement eligible projects approved under the Neighborhood Stabilization Program 2 grant. The City of Columbus is the Lead Applicant of the NSP2 Consortium which is an association of seven organizations and government entities formed for the purpose of applying for and implementing NSP2 funds. Franklin County is a member of the NSP2 Consortium. Prior ordinance 0156-2010, as amended by ordinance 1278-2010, authorized the Director of the Department of Development to enter into consortium funding agreements with members of the NSP2 Consortium. The NSP2 funds provide for the acquisition, rehabilitation, redevelopment or demolition of foreclosed, abandoned and vacant properties in order to stabilize neighborhoods and stem the decline of housing values.

Emergency action is requested to avoid interruptions in program services.

FISCAL IMPACT: This legislation authorizes the transfer and expenditure of $1,250,000 in General Government Grant funds within the Department of Development. The City of Columbus was awarded $23,200,773 of Neighborhood Stabilization Program 2 (NSP2) grant funds under the American Reinvestment and Recovery Act of 2009 from the U.S. Department of Housing and Urban Development. A partial cancellation of EL-011062 will make the funds available for this expenditure.


Title

To authorize and direct the City Auditor to cancel $1,250,000 from an encumbrance with Franklin County; to authorize and direct a transfer within the General Government Grant Fund; to authorize the Director of the Department of Development to modify the NSP2 Consortium Agreement with Franklin County; to authorize the expenditure of $1,250,000.00 from the...