City of Columbus - File #: 0782-2011

• File #: 0782-2011
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 5/12/2011
• In control: Health, Housing & Human Services Committee
• On agenda: 6/6/2011
• Final action: 6/8/2011
• Title: To authorize an appropriation of $4,843,460.00 in various divisions and object levels of the General Government Grant Fund to provide funding for approved NSP 3 programs; and to declare an emergency ($4,843,460.00)

Date	Ver.	Action By	Action	Result
6/8/2011	1	CITY CLERK	Attest
6/7/2011	1	MAYOR	Signed
6/6/2011	1	Columbus City Council	Approved	Pass
6/6/2011	1	COUNCIL PRESIDENT	Signed
5/18/2011	1	Auditor Reviewer	Reviewed and Approved
5/18/2011	1	CITY AUDITOR	Reviewed and Approved
5/18/2011	1	Finance Drafter	Sent to Clerk's Office for Council
5/17/2011	1	FINANCE DIRECTOR	Reviewed and Approved
5/17/2011	1	Finance Drafter	Sent for Approval
5/16/2011	1	Finance Reviewer	Reviewed and Approved
5/13/2011	1	Finance Reviewer	Reviewed and Approved
5/12/2011	1	Finance Drafter	Sent for Approval

Explanation

BACKGROUND: In response to the housing mortgage crisis, the city of Columbus has been awarded an additional $4,843,460 under the third round of funding for the Neighborhood Stabilization Program (NSP3) grant funds from the U.S. Department of Housing and Urban Development (HUD). The funds will provide for the purchase of foreclosed or abandoned properties, as well as the rehabilitation, redevelopment or demolition of these properties in order to stabilize neighborhoods and stem the decline of house values of neighboring homes.

Ordinance 0162-2011 adopted the city's Neighborhood Stabilization Program 3, authorized the filing of the Neighborhood Stabilization Program 3 application with HUD, and made a substantial amendment to the Consolidated Plan's 2010 Action Plan. This ordinance will implement the NSP 3 program by appropriating monies within the General Government Grants fund to various departments and offices of the government of the City of Columbus for the twelve months ending December 31, 2011.

This legislation is presented as an emergency for the effective implementation of NSP 3 programs to address the ongoing mortgage crisis in our city.


FISCAL IMPACT: This legislation totals $4,843,460 for NSP 3 programs. Costs will be reimbursed to the city by HUD as expended.


Title

To authorize an appropriation of $4,843,460.00 in various divisions and object levels of the General Government Grant Fund to provide funding for approved NSP 3 programs; and to declare an emergency ($4,843,460.00)


Body

WHEREAS, the city of Columbus has been awarded an additional $4,843,460.00 from the U.S. Department of Housing and Urban Development for the implementation of Round 3 of the Neighborhood Stabilization Program to address the current mortgage crisis; and

WHEREAS, ordinance 0162-2011, passed February 7, 2011, adopted the city's Neighborhood Stabilization Program 3, authorized the filing of the Neighborhood Stabilization Prog...