Explanation
BACKGROUND: This legislation authorizes modification of the NSP2 Consortium Agreement (EL011062) with the Franklin County Board of Commissioners. A section of the agreement (Payment Procedures) will be modified to allow the City to facilitate the processing of payments for NSP2 eligible expenses by Franklin County. Currently, the agreement only allows payment on a reimbursement basis except for site acquisition. Franklin County has agreed to expedite NSP2 payments to its NSP2 subrecipients and vendors upon receiving the advancement of NSP2 funds from the City of Columbus.
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 Franklin County Board of Commissioners 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.
Previous legislation amended payment procedures for the purposes of acquisition. This legislation expands that previous amendment.
Emergency action is requested to avoid interruptions in program services.
FISCAL IMPACT: No additional funds are required.
Title
To authorize the Director of the Department of Development to modify the NSP2 Consortium Agreement with the Franklin County Board of Commissioners for the purpose of allowing advancement of funds for NSP2 eligible expenses; and to declare an emergency.
Body
Whereas, this legislation authorizes modification of the NSP2 Consortium Agreement (EL011062) with the Franklin County Board of Commissioners for the purpose of allowi...
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