City of Columbus - File #: 1939-2007

• File #: 1939-2007
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 11/13/2007
• In control: Health, Housing & Human Services Committee
• On agenda: 11/26/2007
• Final action: 11/28/2007
• Title: To authorize a transfer of $52,000 between object levels within the Community Development Block Grant Fund; to authorize the expenditure of $27,000 from the 2007 Community Development Block Grant Fund for the purpose of making loans and grants for the operation of the Affordable Housing Opportunity Fund; and to declare an emergency. ($52,000)

Date	Ver.	Action By	Action	Result
11/28/2007	1	MAYOR	Signed
11/28/2007	1	CITY CLERK	Attest
11/26/2007	1	Columbus City Council	Approved
11/26/2007	1	COUNCIL PRESIDENT	Signed
11/15/2007	1	CITY ATTORNEY	Reviewed and Approved
11/15/2007	1	Dev Drafter	Sent to Clerk's Office for Council
11/14/2007	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
11/14/2007	1	Dev Drafter	Sent for Approval
11/14/2007	1	Finance Reviewer	Reviewed and Approved
11/14/2007	1	FINANCE DIRECTOR	Reviewed and Approved
11/14/2007	1	Dev Drafter	Sent for Approval
11/14/2007	1	Auditor Reviewer	Reviewed and Approved
11/14/2007	1	CITY AUDITOR	Reviewed and Approved
11/14/2007	1	Dev Drafter	Sent for Approval
11/13/2007	1	Dev Drafter	Sent for Approval

Explanation

BACKGROUND: This legislation authorizes the transfer of $52,000 between object levels within the Community Development Block Grant Fund and authorizes the expenditure of these funds for rehabilitation administration and for the provision of loans and grants for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families.

Emergency action is requested to avoid interruptions in program services.

FISCAL IMPACT: $52,000 will be transferred between object levels within the Community Development Block Grant Fund in order to provide funds for rehabilitation administration and for the provision of loans and grants for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families.


Title

To authorize a transfer of $52,000 between object levels within the Community Development Block Grant Fund; to authorize the expenditure of $27,000 from the 2007 Community Development Block Grant Fund for the purpose of making loans and grants for the operation of the Affordable Housing Opportunity Fund; and to declare an emergency. ($52,000)


Body

Whereas, this legislation authorizes the transfer of $52,000 between object levels within the Community Development Block Grant Fund; and

Whereas, this legislation also authorizes the expenditure of these funds for rehabilitation administration and for the provision of loans and grants for projects that preserve and increase the local supply of decent, safe, sanitary and affordable housing for low-income families; and

Whereas, emergency action is necessary to allow for prompt payment of projects currently underway; and

Whereas, an emergency exists in the usual daily operation of the Department of Development, Housing Division, in that it is immediately necessary to transfer and expend the aforementioned funds, thereby preserving the public health, peace, property, saf...