Explanation
BACKGROUND: This legislation authorizes an amendment to Ordinance No. 1852-2022, passed by Columbus City Council on July 11, 2022, to allow for reimbursement of project related expenses incurred before the purchase order for the original grant agreement was approved by the City.
Ordinance No. 1169-2020, passed by City Council on June 1, 2020, authorized the Director of the Department of Development to enter into a Housing Development Agreement (HDA) for the Project. The HDA stated that the city would provide up to $500,000.00 through two installment payments of $250,000.00 each. The first installment was authorized under Ordinance 0780-2021 and the second installment was authorized under Ordinance 1852-2022. During the drafting of Ordinance No. 1852-2022, the department inadvertently left out the request to pay for expenses incurred before the purchase order for the original grant agreement was approved by the City. The developer of the project is Erie Ohio Capital, CDFI, LLC.
The Jenkins Street project is an approximately 60 multi-family residential unit, low income housing tax credit rental project consisting of 15 one bedroom units, 30 two bedroom units, and 15 three bedroom units (subject to final design and requite approvals). All of the units will be occupied by and affordable to households in affordable tiers of 30%, 50%, 60%, and 70%, but not exceeding 80% of the area median income. Other developers involved in the Project include Woda-Cooper Development and Community Development for All People.
Emergency action is requested in order to maintain the project schedule, which is in the closeout phase.
CONTRACT COMPLIANCE: the vendor number is 033062 and expires 6/24/2024.
Title
To amend Ordinance No. 1852-2022, passed by Columbus City Council on July 11, 2022, to allow for payments of project related expenses that have been incurred before the purchase order for the original grant agreement was approved by the City; and to declar...
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