City of Columbus - File #: 0887-2011

• File #: 0887-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 6/2/2011
• In control: Health, Housing & Human Services Committee
• On agenda: 6/20/2011
• Final action: 6/23/2011
• Title: To authorize a transfer between OCA Codes within the General Government Grant Fund; to authorize the Director of the Department of Development to modify and increase the NSP2 Consortium Agreement with Affordable Housing Trust for Columbus and Franklin County; to authorize the expenditure of $1,125,076.86 from the General Government Grant Fund; and to declare an emergency ($1,125,076.86)

Date	Ver.	Action By	Action	Result
6/23/2011	1	CITY CLERK	Attest
6/22/2011	1	MAYOR	Signed
6/20/2011	1	Columbus City Council	Approved	Pass
6/20/2011	1	COUNCIL PRESIDENT	Signed
6/8/2011	1	CITY AUDITOR	Reviewed and Approved
6/8/2011	1	Dev Drafter	Sent for Approval
6/8/2011	1	CITY ATTORNEY	Reviewed and Approved
6/8/2011	1	Dev Drafter	Sent to Clerk's Office for Council
6/7/2011	1	FINANCE DIRECTOR	Reviewed and Approved
6/7/2011	1	Dev Drafter	Sent for Approval
6/7/2011	1	Auditor Reviewer	Reviewed and Approved
6/6/2011	1	Finance Reviewer	Reviewed and Approved
6/3/2011	1	Finance Reviewer	Reviewed and Approved
6/3/2011	1	Finance Reviewer	Reviewed and Approved
6/2/2011	1	Dev Drafter	Sent for Approval
6/2/2011	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
6/2/2011	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: This legislation authorizes the transfer of $1,125,076.86 between OCA codes within the General Government Grant Fund to modify and increase the NSP2 Consortium Agreement with the Affordable Housing Trust for Columbus and Franklin County. 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. The Affordable Housing Trust for Columbus and Franklin County is a member of the NSP2 Consortium. Prior ordinance 0156-2010 authorized the Director of the Department of Development to enter into consortium funding agreements with members of the NSP2 Consortium. The NSP2 funds will 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: $1,125,076.86 will be transferred between OCA Codes within the General Government Grant Fund.


Title

To authorize a transfer between OCA Codes within the General Government Grant Fund; to authorize the Director of the Department of Development to modify and increase the NSP2 Consortium Agreement with Affordable Housing Trust for Columbus and Franklin County; to authorize the expenditure of $1,125,076.86 from the General Government Grant Fund; and to declare an emergency ($1,125,076.86)


Body

Whereas, this legislation authorizes the transfer of funds between OCA Codes within the General Government Grant Fund, authorizes the Director of the Department of Development to modify a NSP2 Consortium Agreement with Affordable Housing Trust for Columbus and Franklin County, and authorizes the expenditure of $1,125,076.86 from the General Government Grant Fund; and

Whereas, the funds will provide for the acquisition, rehabilitation...