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. This legislation authorizes the appropriation and expenditure of $125,000.00 for storefront renovation grants.
Fiscal Impact: This legislation appropriates and authorizes the expenditure of $125,000 to provide funds for storefront renovation grants under the Neighborhood Commercial Revitalization Program.
This legislation is submitted as an emergency to allow the Storefront Renovation Grant Fund to continue uninterrupted.
Title
To authorize and direct the City Auditor to appropriate $125,000.00 from the unappropriated balance of the Urban Development Action Grant Fund to the Development Department, Economic Development Division; to authorize the expenditure of $125,000 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. ($125,000.00)
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, it is necessary to appropriate funds 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 in that it is immediately necessary to appropriate and authorize the expenditure of said funds, for the preservation of the public health, peace, property, safety and welfare; now, therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That from the unappropriated monies i...
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