Explanation
Background: The Neighborhood Commercial Revitalization Program, in existence since 1981, provides grants to encourage rehabilitation of commercial properties located in designated neighborhood business districts. Currently $123,000 in cash is available for this program but the funds need to be appropriated to allow for expenditures for the grant program. This legislation authorizes the appropriation and expenditure of $123,000.00 for storefront renovation grants.
Fiscal Impact: This legislation appropriates and authorizes $123,000 to provide funds for storefront renovation grants under the Neighborhood Commercial Revitalization Program. Currently $123,000 in cash is available for this program but the funds need to be appropriated in order to be available to expend.
Emergency action is requested in order to allow program services to continue uninterrupted.
Title
To authorize and direct the City Auditor to appropriate $123,000.00 from the unappropriated balance of the Urban Development Action Grant Fund to the Development Department, Economic Development Division; to authorize the expenditure of $123,000 from the Urban Development Action Grant Fund for the purpose of making storefront renovation grants under the Economic Development Division, Neighborhood Commercial Revitalization Program; and to declare an emergency. ($123,000.00)
Body
Whereas, the City of Columbus established the Neighborhood Commercial Revitalization Program in 1981 to encourage the rehabilitation of commercial properties located in designated business districts; and
Whereas, $123,000 in cash is available for this program; and
Whereas, it is necessary to appropriate the $123,000 for the purpose of making storefront renovation grants; and
Whereas, emergency action is needed to allow the Storefront Renovation Grant Fund to continue uninterrupted; and
Whereas, an emergency exists in the daily operation of the Department of Development i...
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