Explanation
BACKGROUND: This legislation authorizes the appropriation and expenditure of $100,000 to fund the Water Connection Assistance Program. The program will provide the funding necessary to assist in the abandonment of private on-site water supply systems and to make connections to the City's water supply system. The program is necessary to protect the health and safety and improve the water standards of the residents of Columbus.
Assistance will be offered to low and moderate income persons who own and occupy eligible residences in the form of a 0% interest deferred or low interest (3%) loan. Work eligible under the program shall include but is not limited to the connection cost which includes the front footage fee. Other connection costs including the installation of the water supply line, the meter fee, the tap fee, the system capacity charge, disabling of the on-site supply and the permit fee will be covered by HUD CDBG funds. This program is similar to the Sewer Tie-in Program currently operated by the Housing Division.
Beneficiaries of the program are households/families earning 80% or less of median income for the area as determined by HUD with adjustments for household/family size. An estimated 40 to 45 households will benefit from the program.
Emergency action is requested so that funds for the loans are available immediately.
FISCAL IMPACT: Funds for this program are allocated from the Capitol South Debt Service Fund.
Title
To authorize the appropriation of $100,000 from the unappropriated balance of the Capitol South Debt Service Fund to the Department of Development; to authorize the expenditure of $100,000 from the Capitol South Debt Service Fund for the purpose of making loans under the Water Connection Assistance Program; and to declare an emergency. ($100,000)
Body
WHEREAS, the Department of Development, Housing Division desires to use funds from the Capitol South Debt Service Fund to administer a Wa...
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