Explanation
BACKGROUND:
This legislation authorizes the expenditure of $30,067.50 for the provision of grants for projects that preserve the local supply of decent, safe, sanitary and affordable housing for low-income families.
The Housing Preservation Fund represents the City's commitment to the preservation of housing units affordable to very-low, low and moderate-income individuals. Funds will be used to provide eligible homeowners with assistance for home repairs through the Roof Repair Plus! program in order to preserve the housing stock and enable homeowners to remain in their homes.
Emergency action is necessary to allow for payment of projects currently underway at this time.
FISCAL IMPACT:
Funding is from the Housing Preservation Fund - 2007 Capital Improvements Budget.
Title
To amend the 2007 Capital Improvements Budget; to authorize the expenditure of $30,067.50 from the 2007 Capital Improvements Budget for the purpose of making grants for the operation of the Roof Repair Plus! program from city bond proceeds; and to declare an emergency. ($30,067.50)
Body
WHEREAS, the Department of Development, Housing Division desires to administer a Housing Preservation Fund from city bond proceeds; and
WHEREAS, these monies will be used to provide eligible homeowners with assistance for home repairs through the Roof Repair Plus! program in order to preserve the housing stock and enable homeowners to remain in their homes; 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 expend said funds thereby preserving the public health, peace, property, safety, and welfare; and NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the 2007 Capital Improvements Budget, Ordinance No. 0733-...
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