City of Columbus - File #: 0319-2008

• File #: 0319-2008
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 2/8/2008
• In control: Health, Housing & Human Services Committee
• On agenda: 2/25/2008
• Final action: 2/28/2008
• Title: To authorize and direct the appropriation of $1,375,000 (or greater or lesser sum as set forth in the Background) from the Hotel/Motel Excise Tax Fund; to authorize the Director of the Development Department to enter into a contract with the Affordable Housing Trust for Columbus and Franklin County; to authorize the expenditure of $1,375,000 in accordance with the agreement between the City and the Affordable Housing Trust for Columbus and Franklin County regarding the use of said funds in order to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; and to declare an emergency. ($1,375,000)

Date	Ver.	Action By	Action	Result
2/28/2008	1	CITY CLERK	Attest
2/27/2008	1	MAYOR	Signed
2/25/2008	1	Columbus City Council	Approved	Pass
2/25/2008	1	COUNCIL PRESIDENT	Signed
2/13/2008	1	Auditor Reviewer	Reviewed and Approved
2/13/2008	1	CITY AUDITOR	Reviewed and Approved
2/13/2008	1	Dev Drafter	Sent for Approval
2/13/2008	1	CITY ATTORNEY	Reviewed and Approved
2/13/2008	1	Dev Drafter	Sent to Clerk's Office for Council
2/12/2008	1	FINANCE DIRECTOR	Reviewed and Approved
2/12/2008	1	Dev Drafter	Sent for Approval
2/11/2008	1	Dev Drafter	Sent for Approval
2/11/2008	1	DEVELOPMENT DIRECTOR	Reviewed and Approved
2/11/2008	1	Dev Drafter	Sent for Approval
2/11/2008	1	Finance Reviewer	Reviewed and Approved
2/11/2008	1	Finance Reviewer	Reviewed and Approved

Explanation

BACKGROUND: The Affordable Housing Trust for Columbus and Franklin County combines public and private funding through a variety of sources to support the development of housing within the City. Both rental units and homeownership projects are developed. In 2008 the City will commit its annual contribution of the hotel/motel tax receipts to the Corporation at an estimated $1,375,000 or whatever greater or lesser sum of money may be received through the portion of the Hotel/Motel Excise Tax fund allocated to the Affordable Housing Trust for Columbus and Franklin County.

This legislation authorizes and directs the appropriation of $1,375,000 from the Hotel/Motel Excise Tax fund and authorizes an agreement with the Affordable Housing Trust for Columbus and Franklin County.

This legislation is presented as an emergency because of the need to continue program services without interruption.

FISCAL IMPACT: The $1,375,000 (or greater or lesser sum as set forth in the Background) annual contribution comes from the hotel/motel excise tax receipts.


Title

To authorize and direct the appropriation of $1,375,000 (or greater or lesser sum as set forth in the Background) from the Hotel/Motel Excise Tax Fund; to authorize the Director of the Development Department to enter into a contract with the Affordable Housing Trust for Columbus and Franklin County; to authorize the expenditure of $1,375,000 in accordance with the agreement between the City and the Affordable Housing Trust for Columbus and Franklin County regarding the use of said funds in order to facilitate the production of affordable housing and enhance home ownership opportunities in Columbus; and to declare an emergency. ($1,375,000)


Body

WHEREAS, the Mayor commissioned a Columbus Housing Task Force (Task Force) in May 2000 to design the City's first housing trust fund and to recommend a structure whereby a Affordable Housing Trust for Columbus and Franklin County could fac...